GOOD PLANeT Foods offers a variety of plant-based cheeses, which include Slices, Shreds, Snacking Wedges, Smoked Wheels, and the newly announced Snack Packs that are made up of clean ingredients, such as coconut oil and plant starches that create taste, texture, and melt.

Even well funded players are suffering. Planterra Foods who launched the OZO brand a few years ago just announced it is being shut down by its parent company Brazilian-based JBS. Maple Leaf Foods, who owns Lightlife and Field Roast plant-based brands, is reallocating resources back to conventional meat amid declining sales.

New IMAGIC® Plant-Based Bacon from Kansas Protein Foods, a flavored RTE textured protein made from soy flour, is available in various forms including Clean Label options.

Whether it’s post and pre-workout fuel or a midday snack, Simply Delish Protein Powder is safe for most diets, including gluten-free, plant-based, vegan, sugar-free, allergen-free, and Kosher.

The Greg Steltenpohl Pragmatic Visionary Award, honoring natural products pioneer and plant-based visionary Greg Steltenpohl, is officially accepting entries for its first annual $100,000 grant for early-stage ventures in the food space. The founder of Odwalla and Califia Farms, who died in March 2021, devoted his life to changing the food system through business.

MGP Ingredients, Inc., launched of Proterra® Crumbles, a line of chef-seasoned plant-based protein crumbles developed for foodservice operations. Ready to serve in just minutes, Proterra pea protein crumbles can help cafeterias meet growing consumer demand for plant-based foods.

With plant-based, vegetarian and vegan food products meat becoming more common, formulators hope to create more complex applications and address health-conscious consumers’ demands for variety and good taste.

Keystone Capital signed a definitive agreement for House Foods Holding USA (“House Foods”) to acquire 100% of Keystone Natural Holdings, LLC (“KNH”), a manufacturer of tofu and plant-based foods in North America. The proposed transaction is expected to close by the end of September 2022, subject to the satisfaction of customary closing conditions. 

For the past few years, the Innova Market Insights list of Top 10 Trends has included a plant-centric trend. This acknowledges the growing presence of plant-based foods and beverages, as well as alternatives to traditional animal-based products. 

PPV Fund III will continue to invest in consumer-facing brands that are better for people and the planet and will focus solely on growth stage companies. PPV Fund III will invest between $15 million and $40 million in target companies as active, primarily minority, investors.