Global investment in AgFunder’s ‘Innovative Food’ category (which is dominated by alt proteins) fell by 39% in 2022. However, funding increased by 26% in the Asia-Pacific region. So what should we make of this dynamic?
French fermentation giant Lesaffre has acquired a 10% stake in Yeap, an Israeli startup developing proteins from upcycled yeast.
US retail sales of oat milk, which have been driving most of the growth in plant-based milk in recent years, have started to decline.
Six months after the board’s ugly spat with its namesake founder became public, plant-based dairy co Miyoko’s Creamery has a new CEO. We caught up with Stuart Kronauge —who takes the helm next week—to discuss what’s next for the brand.
NotCo has exited the refrigerated plant-based milk segment in the US and is now focused on building its presence in the shelf-stable category.
Miyoko’s Creamery has appointed ex-Coca-Cola executive Stuart Kronauge as CEO following the recent departure of interim president Jon Blair.
Oatly has slashed full year forecasts and revamped its strategy in Asia after a weak performance in China and slower than expected progress in the US.
Jon Blair is stepping down as interim president at Miyoko’s Creamery at the end of the month, AFN has learned. A replacement has not been announced.
Miyoko Schinner and the board of the plant-based dairy company she founded have agreed to bury the hatchet, withdraw their respective lawsuits and end their very public spat.
“Wood Milk started with a simple idea,” says actress Aubrey Plaza in a new spoof ad from MilkPEP, the dairy industry-backed body behind the iconic ‘Got Milk’ ads. “I saw a tree and I asked myself: Can I drink this?”
Oatly is “ready to play offense in 2023” with a new CEO, a return to promotional activity, and sequential improvements in its gross margin, says the loss-making firm.
Better Bite Ventures, a fund focused on alt protein startups in APAC, has invested in four startups under its early-stage First Bite initative.
Bel Group—the multinational firm behind cheese brands Babybel, The Laughing Cow, and Boursin—has teamed up with AI-powered startup Climax Foods to develop plant-based versions of its iconic brands for launch in Europe and the US by the end of 2024.
US retail sales of plant-based foods rose 6.6% to $8bn in 2022, with growth in creamers, eggs, and butter partially offset by declines in meat, ice cream, and cheese, according to new reports from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI). Unit sales fell 3%.
If we’re being brutally honest, most plant-based cheese brands are over-promising and under-delivering, says the founder and CEO of alt dairy startup Stockeld Dreamery.
The public dispute between Miyoko Schinner and the board of the plant-based dairy company she founded heated up this week, with Schinner filing a lawsuit alleging she was forced out of Miyoko’s last year after complaining to HR about male executives who “openly denigrated women.”
As news about Silicon Valley Bank rippled through the exhibition halls at Expo West on Friday, AFN walked the show floor to catch up with key players in foodtech, from Climax Foods, showcasing the next generation of plant-based cheese, to Eat Just, which is taking “critical steps towards profitability.”
The dispute between Miyoko Schinner and the company she founded has grown uglier as Miyoko’s Creamery has filed a lawsuit accusing Schinner of “hatching a plot to steal company property, trade secrets, and confidential information” after being removed as CEO.
“Conflict grew around the best path forward for future growth,” says Miyoko Schinner as the board of the plant-based dairy co announced its search for a new leader after removing her as CEO from the company she founded.
Danone North America now sources 2.4 billion pounds of its dairy milk from its regenerative ag program, representing 75% of its milk sourcing.
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