Mar 07

Hershey Announces Nationwide Launch of Vegan Reese’s Peanut Butter Cups and Hershey’s Chocolate Bars

The Hershey Company announced in a press release that their new Reese’s Plant-Based Peanut Butter Cups is launching nationwide this month.

hershey plant-basedThe company also announced the forthcoming launch of Hershey’s Plant Based Extra Creamy with Almonds and Sea Salt, which will have a nationwide rollout in April. Both products are made using oat milk.

The vegan peanut butter cups will contain sugar, peanuts, cocoa butter, chocolate, oat flour, rice flour, dextrose and contains 2% or less of sea salt, soy lechitin, natural flavor and rosemary extract. The two cups (39 grams) contain 210 calories, 14 grams of fat, 15 grams of sugar and 3 grams of protein.
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Mar 06

Global Dairy Alternative Market Valued at $22 Billion, Anticipated to Grow to $61 Billion by 2029

According to a new report by Fortune Business Insights, the global market for dairy alternatives is valued at an eye-opening $22.25 billion.

Even more eye-opening is the report’s prediction that this number will almost triple by 2029, growing to $61.43 billion. This would be a compound annual growth rate of 13.58% between 2022 and 2029.

“The market is anticipated to grow significantly over the forecast period due to rising concerns for processed dairy products and increasing lactose intolerant population”, states the report. “Furthermore, product innovation strategies implemented by the leading market players are expected to fuel the market growth. Also, the rising consumption of vegan food and increasing veganism are expected to bolster the market during the forecast period.”
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Mar 03

Increasing Healthy Plant-Based Foods and Reducing Animal Products is Associated With a Lower Risk of Osteoporosis

A new study published by the journal Osteoporosis International has found that older adults “consume more healthy plant foods and reduce the consumption of animal foods and unhealthy plant foods, which was associated with a lower risk of osteoporosis.”

Titled Association of plant-based dietary patterns with the risk of osteoporosis in community-dwelling adults over 60 years: a cross-sectional study, the research was conducted by investigators from China Medical University, and it was epublished by the U.S. National Library of Medicine.

The study found that “A higher PDI was associated with higher bone mineral density (BMD) in older adults. In logistic regression models, the highest quartile of PDI and HPDI had a significantly lower risk of osteoporosis than the lowest quartile, whereas UPDI in the highest quartile was associated with a higher risk of osteoporosis.”
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Mar 02

Vitalite Plant-Based Cheese Now Available at Over 5,000 Stores

Plant-based cheese brand Vitalite is expanding its distribution to more than 5,000 retailers in the U.S., including Albertsons, ACME, Safeway and Harris Teeter locations.

The vegan-certified, dairy-free cheese launched in 2022 and its presence has grown rapidly since then. In a recent consumer survey by Wakefield Research for Vitalite, 68% of Americans report having tried a plant-based alternative, while nearly a third (31%) of Americans use a plant-based substitute for meat, cheese or dairy products in an average of eight meals a week.

“As a dairy company, we knew our cheese expertise could deliver a plant-based alternative that lives up to cheese expectations,” said David Cherrie, Saputo USA Vice President, Marketing and Innovation. “With ongoing retail distribution expansion, we look forward to continuing to bring Vitalite to consumers across the country.”
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Mar 01

Starbucks Germany Announces End to Vegan Milk Surcharge

Starbucks Germany has announced that they will no longer levy an additional charge for customers wanting to replace animal-milk with plant-based milk in their drinks.

“Change is in the air—after years of pressure from PETA and PETA Germany supporters, Starbucks Germany is ending its vegan milk surcharge!”, PETA announced in a post on their website. “Compassionate coffee lovers across Germany can now enjoy a Starbucks drink that’s better for animals, the environment, and their own health without being charged extra for oat, almond, soy, or coconut milk.”

In 2022, Starbucks France and Starbucks U.K. also dropped the surcharge, and other stories in China, India, and elsewhere offer dairy-free options at no additional cost.
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Mar 01

Plant-Based Mozzarella Sticks by Farm Rich Launch Nationwide at Kroger and Walmart

Plant-Based Mozzarella Sticks made by Farm Rich have launched nationwide at thousands of Kroger and Walmart locations.

Plant-Based Mozzarella Sticks

Farm Rich, which is one of the leading distributors of non-vegan cheese sticks, announced that it has expanded its “”Garden Inspirations” line of plant-based snacks and appetizers by launching Plant-Based Mozzarella Style Sticks. Farm Rich also offers meatless meatballs as well as breaded cauliflower bites and zucchini sticks.

“Inspired by our world-famous mozzarella sticks and your desire for a plant-based alternative that doesn’t taste like cardboard”, states the company’s website. “Comes with marinara dipping sauce and amazing flavor without the dairy.”
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Feb 27

Korean Air to Offer New Vegan Meals Starting in March

Korean Air will showcase a new Korean-style vegan meal, which is inspired from Korean traditional cuisine, as an inflight meal option starting from March 1.

To accommodate the growing vegan population, Korean Air, which is the largest airline in South Korea, has introduced a Korean-style vegan meal option, an eco-friendly meal that can also help reduce carbon emissions, according to a press release.

Inspired by traditional temple cuisine, the airline’s new Korean vegan meals are made “using a variety of fresh vegetables and seasonal ingredients, bringing passengers an appetizing meal full of natural flavors.” Dishes such as steamed barley rice with burdock, roasted shiitake mushrooms, mung bean jelly salad and roasted tofu with plum salsa sauce can be enjoyed by passengers in all classes, while ginkgo nut porridge and roasted yam with soybean paste will be available forPrestige and First class passengers. Different types of Korean vegan dishes will be served depending on the route and season.
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Feb 25

Beyond Meat Shares Up 66% Since December After Making Company-Wide Changes

After seeing a period of losses Beyond Meat has had a significant rise in market share following company-wide changes.

Beyond Meat shares were up about 66% from their December low by the end of trading on Friday, after seeing a sustained period of losses throughout 2022. Currently shares of Beyond Meat cost $18.88 after dropping as low as just barely above $11 in December.

Beyond Meat CEO Ethan Brown says that “[Q4 was a] challenging year for our business and category, one marked by persistently high inflation and trading down by consumers among proteins, slowing economy in key markets, and increased competitive activity.” Brown says the company is “transitioning our business to one that prioritizes cash flow and sustainable long-term growth”, stating that the company’s restructuring plan has reduced expenses by nearly one-third.

Brown announced a three-prong strategy for 2023: Continue reading

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