Plant-based foods are part of a relatively new market, one that is witnessing a major growth in demand. In fact, major plant-based meat and dairy brands like Beyond Meat, Impossible Foods, and Oatly have played a large part in growing the popularity of such products in recent years. Their partnerships with restaurants, fast-food chains, and global food manufacturers have made vegan options more accessible to a wider demographic. According to data provided by the Plant Based Foods Association (PBFA), U.S. retail sales of plant-based foods continue to increase, growing 6.2% in 2021 and bringing the total plant-based market value to an all-time high of USD 7.4 Billion. Planet Based Foods Global Inc. (CSE: PBF) (OTC: PBFFF), Beyond Meat, Inc., Benson Hill, Inc. (NYSE: BHIL), Oatly Group AB (NASDAQ: OTLY), Farmmi, Inc.
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Additional data from the PBFA report shows that 62%, or 79 million, of U.S. households are now buying plant-based products, representing an increase from 61% (77 million in 2020). Julie Emmett, PBFA’s Senior Director of Marketplace Development, explained that “More and more consumers are turning to plant-based options that align with their values and desire to have a positive impact on personal and planetary health. The data shows that, despite the challenges of the past two years, retailers and foodservice providers are meeting consumers where they are by partnering with brands across the entire store to expand space, increase assortment, and make it easier than ever to find and purchase plant-based foods. The potential impact of these initiatives extends far beyond the store shelf: By taking consumer concerns to heart, the industry is actively embracing its role as a key driver of change that moves us closer to a secure and sustainable food system.”
Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) just announced breaking news that, “a new distribution partnership with US Foods Inc. (“US Foods”), a leading supplier of food service products throughout the United States.
The Company’s popular plant-based options will be initially distributed by two of US Foods’ divisions, La Mirada and Corona, which supply a variety of products to restaurants, business and industry, healthcare and many key independent and multi-unit operators throughout the Southern California region. Both divisions will stock The Original Burger, Mild Breakfast Sausage Patties and The Italian Sausage Crumble, while the Green Chili Southwest Burger and Hot Breakfast Sausage Patties will also be available via special order.
‘As our new distribution partner, we are thrilled that US Foods will be debuting the Planet Based Foods brand to their significant customer base, highlighting us as a premier and unique offering in their substantial plant-based and healthy-eating portfolio,’ said Planet Based Foods‘ President and CEO Braelyn Davis. ‘We are very excited to be working with one of America’s leading food distributors, and look forward to expanding our product reach through this evolving partnership.’
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