Innovations in Plant-Based Protein Products Supplying the Food Industry's Strongest Trends

VANCOUVER, BC, Nov. 12, 2021 /PRNewswire/ -- USA News Group  - Back in 2019 "Plant-based eating" was defined as Food Business News' Trend of the Year, and now in 2021 Innova Market Insights identified "plant forward" to be one of its top trends, as waves plant-based eating products ripple through the supply chain. These trends can't be ignored, and have undoubtedly resulted in the surging successes of now established household names such as Beyond Meat (NASDAQ:BYND) and Oatly Group AB (NASDAQ:OTLY), as well as more recent additions such as Tattooed Chef (NASDAQ:TTCF), The Very Good Food Company Inc. (NASDAQ:VGFC) and freshly-IPO'd Nepra Foods (CSE:NPRA) (OTCPK: NPRFF).

Recently, a ground breaking new report from Bloomberg Intelligence predicted the plant-based food market will skyrocket to $162 billion within the next decade.

In timely fashion over the course of that decade, Nepra Foods (CSE:NPRA)(OTC: NPRFF) has signed a 10-year lease on a new 31,000 square foot facility. As part of Nepra's phased growth strategy, major construction is underway to increase manufacturing output and expedite the development of innovative new products.                     

"This new, dedicated space gives our team of world-class experts, led by Chief Technology Officer Chadwick White, the secure working environment they need for research, development, and testing while protecting the confidentiality of our intellectual property," says Nepra CEO, David Wood. "It also provides much-needed real estate to meet our production goals."

Nepra's research and development has successfully resulted in a wide array of proprietary  hemp-base proteins, that are included in their current consumer marketed plant-based meats, dairy alternatives, and baked snacks, and are also sold as B2B ingredients.

Approximately 3,000 square feet of the building will be dedicated to further research and product development in a fully equipped laboratory kitchen that will serve as a secure facility for the development of Nepra's proprietary products and technologies.

In particular, the facility's construction also allows expansion within the other established B2B categories, including Essential Blends™, Essential Flours™, and Rheoflex®. Nepra is targeting alternative sweeteners, alternative chocolates, and fermented foods for future development.

Additional production facilities are being constructed for a custom dry ingredient blending facility for existing B2B customers who use Nepra's ingredients as well as blends for Nepra's proprietary consumer branded products. Remaining construction will expand production capabilities to meet the ever-increasing demand for Nepra's proprietary hemp ingredients.

The team behind Nepra Foods (CSE:NPRA)(OTC:NPRFF) has already seen CPG success, after building up the Udi's Gluten Free Foods brand to the point of selling to what is now Conagra Brands for US$125 million.

Oatly Group AB (NASDAQ:OTLY) is also expanding its research output, through the launch of a new Research and Innovation Center at Lund University in Sweden, expected to be finished in 2023. The purpose of the new research and innovation center is to further explore the potential of oats.

"We're excited to build on our strong foundation in science, research and innovation as we expand our team at Lund University," said Sofia Ehlde, Oatly's Executive Vice President Food Innovation. "For more than 25 years, we have developed great-tasting, oat-based products that have been designed for human nutrition and as a solution for a more sustainable food system. We believe this new research and innovation center will both improve our existing products and lead to new, innovative oat-based foods."

Oatly expects to add approximately 30 new scientists to its global team based in Lund over the next year, with the potential to add nearly 100 researchers across its research hubs in Europe, the Americas and Asia. The scientists will study oats in greater detail from various perspectives including biochemistry, biophysics, microstructure, nutritional traits and refinement.

Another leading plant-based food technology firm The Very Good Food Company Inc. (NASDAQ:VGFC), recently announced two new additions to its innovative line of bean and vegetable based meats for retail and e-Commerce—Butcher's Select Spicy Meatballs and The Very Good Steak.

The Spicy Meatballs addition came after the company's Butcher's Select Mmm...Meatballs, recently won a NEXT Award, and has seen the product receive overwhelming demand. The original plant-based meatballs, winners of the NEXTY Best New Frozen Product category, have entered the market as a flavorful alternative to not only plant-based, but also traditional meat products in the natural food space.

"After the release of the Butcher's Select line, we were thrilled by the high demand we received from the Mmm...Meatballs" said Mitchell Scott, co-founder and CEO of The Very Good Food Company. "The popularity of these products further proves what we already know: shoppers are craving delicious alternatives for all their favorite meat products, not just sausages and burgers. Winning the NEXTY Award for best frozen product with the Mmm...Meatballs confirmed that consumers want more variety that tastes like the 'real' thing."

Plant-based food makers Tattooed Chef (NASDAQ:TTCF) recently expanded its offerings, through the acquisition of Belmont Confections, a private label co-manufacturer of nutrition bars, for approximately $18 million in cash and stock.

With the acquisition comes Belmont's Ohio-based 47,000 square foot facility that's already equipped in place to manufacture many different types of bars. Now with Tattooed Chef in its corner, the operation will have added access to innovation, with the goal to become a leader in the bar sector.

"Belmont is exactly the type of company that we have talked about acquiring with regards to a company that adds both manufacturing capacity and capabilities," said Sam Galletti, President and CEO of Tattooed Chef. "At full capacity, we believe the Belmont facility can contribute over $100 million annually in revenue in the next two to three years."

Beyond Meat (NASDAQ:BYND) has become a household name with its Beyond burgers reaching several popular restaurant chains, including McDonald's. But it continues to innovate with new products, most recently being its plant-based Beyond Breakfast Sausage, and an expansion in plant-based chicken platform.

The protein in Beyond Chicken Tenders is derived from the nutrient-packed legume crop, faba beans. Its unique qualities make it what Beyond Meat believes is the optimal ingredient for replicating the taste and texture of traditional chicken tenders.

"Following the success of our plant-based chicken in restaurants, fans were eager to get their hands on a retail product that's readily accessible and can be cooked at home anytime," said Deanna Jurgens, Chief Growth Officer, Beyond Meat. "We're thrilled to be answering consumer demand by launching Beyond Chicken Tenders at prominent retailers nationwide, continuing our momentum in the plant-based poultry category."

For more information, please visit: https://usanewsgroup.com/2021/09/05/the-plant-based-food-revolution-is-here/ 

Article Source: 

USA News Group
http://USAnewsgroup.com
[email protected]

DISCLAIMER:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Nepra Foods. advertising and digital media from USA News Group ("the Company"). There may be 3rd parties who may have shares of Nepra Foods, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Nepra Foods, which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Nepra Foods  at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:  
[email protected] 
U.S. Phone: +1(954)345-0611

SOURCE USA News Group

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED