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Plant Based Food Could See $1.4 Trillion in Sales Within 30 Years

With global food giants pushing into plant-based foods, the industry could grow 100 times larger by 2050, according to Credit Suisse, as reported by…



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With global food giants pushing into plant-based foods, the industry could grow 100 times larger by 2050, according to Credit Suisse, as reported by Financial Review. In addition, “A report on the shifts in the global food industry forecasts that global sales will climb from $14 billion to $1.4 trillion within 30 years for plant based food,” added the Financial Review. Helping, food giants are investing heavily in plant based foods, including Nestle, which is building a $100 billion plant in China to produce meat-free options, according to The Beet. It’s all substantial news for companies like Komo Plant Based Foods (CSE:YUM), Very Good Food Company Inc. (TSXV:VERY)(OTC:VRYYF), Guru Organic Energy Corp. (TSX:GURU)(OTC:GUROF), Rritual Superfoods Inc. (CSE:RSF)(OTC:RRSFF), and Laird Superfood Inc. (NYSE:LSF). In addition, Tyson, Smithfield, Perdue, and Hormel have jumped on the plant-based bandwagon. Even fast food chains like McDonald’s introduced a McPlant meatless burger. Jimmy Dean added plant-based patties, including the Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich and Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich. All as more Americans choose “breakfast time to incorporate plant-based options versus other meals,” noted a recent Jimmy Dean press release. Plus, late last year, Unilever set an annual global sales target of $1.2 billion from plant-based meat and dairy over the next few years. Komo Plant Based Foods (CSE:YUM) Launches Plant-Based Walnut Mushroom Bolognese Komo Plant Based Foods Inc. just announced the launch of a new product, Plant-Based Walnut Mushroom Bolognese, which is the first in a new line of products by Komo: Plant-Based Meal Helpers. Komo is dedicated to making plant-based eating uncompromisingly easy, wholesome and hearty. Its new Bolognese sauce is made with walnuts, cremini mushrooms, and lentils simmered in a rich tomato sauce with herbs and spices. Komo’s wholesome, hearty, bolognese is ready to serve as consumers just heat and mix with any pasta for an easy plant-based meal. In addition to being 100% plant-based, the Bolognese sauce is also gluten-free and soy-free. The sauce can be also used as a versatile meal starter to allow the creation of many dishes at home such as spaghetti bolognese, baked casseroles, as well as non-pasta recipes like stuffed peppers and meatless meatloaf. The key protein ingredients in the sauce are walnuts, red lentils and textured pea protein. Like all Komo products, the sauce is free from preservatives, artificial colours and flavours. “At Komo, we’re on a mission to share the love of plant-based foods and make plant-based meals a staple on every dinner table. In March, we launched our ready-to-bake comfort classics including our plant-based Lasagna, Shepherd’s Pie and Chick’n Pot Pie. We are excited to share the first product in our product line of Plant-based Meal Helpers: Walnut Mushroom Bolognese Sauce. We know consumers are cooking at home more than ever and this trend will continue even after the pandemic. Consumers are also looking to spend less time on meal preparation and our Plant-based Meal Helpers product line was created to address this insight,” says Komo Comfort Foods CEO Jeffrey Ma. “All our products at Komo will satisfy three uncompromising product core values: Easy, Wholesome and Hearty. Our bolognese is satisfying, ready-to-heat for dinner in 20 minutes and made with real, recognizable plant-based ingredients. Like all our other products, our bolognese is truly easy-to-love!” Komo’s other products, which include family and two-serving size, Lasagna, Shepherd's Pie and Chick’n Pot Pie, have garnered excellent consumer reviews, with over 55 - 5 star reviews from verified buyers now posted on Komo’s eCommerce website. Komo is continuously engaged in research and development of new products in its commercial kitchen through its experienced development team led by a plant-based executive chef and a food scientist. Komo plans to add additional products to its Meal Helpers series this quarter and expects to launch another 5 new products by the end of 2021. Other related developments from around the markets include: Very Good Food Company Inc., a leading plant-based food technology company, announced that it has partnered with Vancouver-based homegrown meal kit company, Fresh Prep, to add VERY GOOD's innovative plant-based food products to its extensive menu of recipes and meal kits. The partnership with Fresh Prep marks VERY GOOD's entry into the food service and meal kit space representing the latest milestone in its growth strategy, which focuses on making its diversified line of minimally processed, high-quality plant-based foods easily accessible to its growing consumer base. Guru Organic Energy Corp.,  Canada’s leading organic energy drink brand, and The Pepsi Bottling Group (Canada), ULC announced that they have entered into an exclusive long-term national distribution agreement in Canada for GURU’s energy drinks. Effective October 4, 2021, PepsiCo Beverages Canada will sell, distribute, and merchandise GURU’s organic, plant-based and better-for-you energy drinks to convenience, foodservice and retail customers nationwide. This agreement will significantly broaden GURU’s distribution and reach in Canada. “Partnering with PepsiCo Beverages Canada at this stage of our growth for the Canadian distribution of our better-for-you energy drinks is a game changer for GURU and has the potential to accelerate our sales and distribution plans. Rritual Superfoods Inc. announced that the Company has received purchase orders totaling CAD $306,000 in the last week of May, with goods now shipping to customers. “We are extremely excited to have had such a strong launch in our first month of full-scale commercial operations,” said Rritual CEO, Mr. David Kerbel. “We fully expect that these initial orders from our cornerstone retailers will establish Rritual products on shelf with regular re-orders to follow. As we establish our distribution foot-print we will continue to execute our marketing strategies to support our retail partners.” Laird Superfood Inc. announced the expansion of its popular Powdered Superfood Coffee Creamer line with the launch of Aloha Oat & Macadamia Nut Superfood Creamer - a plant-based oat milk creamer inspired by the flavors of Hawaii and created the superfood way. After the continued success of Laird Superfood’s best-selling coconut-based Powdered Superfood Creamers, Aloha OatMac Superfood Creamer marks its place as the brand’s first non-coconut based creamer. With this launch, Laird Superfood continues to define the superfood space by bringing delicious products that provide natural fuel - sustainably and affordably. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Komo Plant Based Foods has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Komo Plant Based Foods. Please click here for full disclaimer. Contact Information: 2818047972

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