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· Beyond Meat struggles to secure steady supply of pea protein as demand for plant-based burger skyrockets
· Farmers Plant 20 Percent More Peas to Meet Demand for Vegan Meat
Beyond Meat struggles to secure steady supply of pea protein as demand for plant-based burger skyrockets
Emiko Terazono | Financial Times
via Genetic Literacy Project | July 8, 2019
The soaring popularity of plant-based meat substitutes has shone a spotlight on a new star ingredient: the humble pea.
From Beyond Meat, which has seen its shares rocket after a flotation in May, to US meat producer Tyson and Nestlé of Switzerland, food companies are turning to protein from the yellow pea as the key ingredient for plant-based foods …
The rush to introduce products amid a spike in demand from consumers has led to a scramble to secure supplies. The squeeze has not been caused by the availability of the yellow pea itself …. but a lack of processing capacity to produce the protein powder extracted from the legume. Producers have simply not kept pace.
While soya is the most abundant and cheapest source of plant-based protein, it is also an allergen, and often genetically modified in the US …. leading to fears of adverse health effects among some consumers...
Farmers Plant 20 Percent More Peas to Meet Demand for Vegan Meat
The key ingredient in many plant-based meats, including Beyond Burger, is now a hot commodity for farmers who typically grow farmed animal feed.
by Anna Starostinetskaya, VegNews
July 8, 2019
This year, farmers in the United States and Canada have planted 20 percent more peas and approximately three percent less corn, soy, and wheat—crops typically produced as feed for the animal agriculture industry.
The increase in pea farming is largely in part due to the popularity of plant-based meat products, such as those made by Beyond Meat and Impossible Foods, that contain the legume as a key ingredient, according to Bloomberg.
“I’m excited about things like Beyond Meat and Impossible Burger that are putting pea protein in their burgers. It’s awesome,” Paul Kanning, a Montana farmer who crows peas, said. “The demand is going to do nothing but increase, I believe, and you will see production increase in various areas of the US.”
Tony Fast, another Montana farmer and self-proclaimed “traditional meat guy and pro-rancher,” increased his pea crop by 20 percent this year to 1,800 acres with plans to expand to 2,000 acres next year...
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