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Plant-Based Acquisitions Quadrupled in 2017

Companies such as Nestlé, Maple Leaf Foods, and General Mills continue to diversify their portfolios with profitable plant-based brands.

According to industry outlet FoodBev Media, the number of plant-based acquisitions quadrupled in 2017. A total of 727 transactions were registered with mergers and acquisitions database bevblog.net last year—a 40-percent increase since 2012. Acquisitions of plant-based companies increased from just four in 2016 to 17 in 2017—placing the category in the top 15 sector of such transactions and putting it ahead of the bottled water category that held that spot last year. In 2017, several large corporations acquired plant-based brands in an effort to capitalize on new consumer habits. International brand Otsuka acquired vegan cheese company Daiya Foods for $325.5 million in July, while Nestlé acquired meatless brand Sweet Earth Foods for an undisclosed amount in September. Canadian meat brand Maple Leaf Foods also made two plant-based acquisitions in 2017: meat alternative LightLife Foods for $140 million in February and vegan brand Field Roast Grain Meat Company for $120 million in December.

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Vegan Just Egg Expands to Washington DC

Food technology startup JUST expands its vegan mung bean-based scrambled egg replacer to Equinox, the second restaurant to offer the innovative product in the United States.
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Cultured Koji Dog Food Has More Protein Than Steak

An independent study found that new clean-meat startup Wild Earth's fungus-based companion animal foods contain 45 percent protein by weight—compared to only 24 percent found in steak.
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Vegan Narwhal Ice Cream Debuts for Summer

Ottawa ice cream shop Little Jo Berry's honors the "unicorn of the sea" with a blue-hued, horned, and totally vegan frozen treat.
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New Vegan Grocery Store Opens in North Carolina

In addition to a variety of grocery items, Wilmington's new store UpBeet Market features a vegan jerky tower, beer-filling station, and a variety of dairy-free cheeses.
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800 Sets of Vegan Frosting Sell in 10 Minutes on QVC

Home-shoppers snatch up Dollop Gourmet's vegan frostings made by Cupcake Wars winner and author Heather Saffer.
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This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

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