In this file:
· Media Release: Kroger's Simple Truth® Brand Launches Plant Based Collection
The collection will include fresh meatless burger patties and grinds…
· CNBC: Kroger unveils plans for a line of plant-based products, including sausage and deli slices
o Simple Truth will include plant-based meatless burger patties
o Kellogg and Hormel also announced new plant-based meat products Wednesday
· A Beyond Meat Customer Becomes a Competitor
Both Kellogg and Hormel announced fake meat products on Wednesday. It was Kroger's (NYSE: KR) turn on Thursday…
Kroger's Simple Truth® Brand Launches Plant Based Collection
New assortment debuting nationwide this fall includes vegan burger patties
Source: The Kroger Co.
via PRNewswire - Sep 05, 2019
CINCINNATI, Sept. 5, 2019 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced today a new collection: Simple Truth® Plant Based. The collection will include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and other items.
The Simple Truth collection was announced on stage by Gil Phipps, Kroger's vice president of Our Brands, at the Good Food Conference in San Francisco, where he was a featured speaker. The Conference, hosted by the Good Food Institute, focuses on accelerating the marketplace for plant-based food.
"Since its launch in January 2013, Simple Truth has become the leading natural and organic brand in the country, with annual sales exceeding $2.3 billion," said Phipps. "As more of our customers embrace a flexitarian lifestyle, choosing to prioritize healthier food choices and reduce their environmental footprint, we are excited to meet their needs. We are introducing our Simple Truth Plant Based collection to offer even more fresh, remarkably delicious, animal-free food to provide shoppers with a greater selection of choices that are more accessible and affordable."
Increasing numbers of U.S. consumers, especially millennials and women, are following a flexitarian style of eating, as Kroger reported in its 2019 food trends outlook. Studies show that nearly one-third of the country's population is integrating more plant-based food into their lifestyle and reducing their daily meat and dairy intake.
Kroger's team of chefs, food scientists and nutritionists collaborated to develop the collection's recipes that offer 100% plant-based alternatives.
Snapshot of Simple Truth Plant Based Collection:
· Meatless Burger Patties
· Meatless Grinds
· Chocolate Chip Cookie Dough
· Alfredo Pasta Sauce
· Bolognese Pasta Sauce
· Deli Slices (Black Forest Ham and Salt & Pepper Turkey)
· Sausage (Kielbasa and Chorizo)
· Cream Cheese
· Sour Cream
· French Onion Dip
"Kroger's commitment to innovating and creating new plant-based food mirrors the growing number of customers exploring meat and dairy alternatives," said Nicole Davis, Kroger's senior category strategy and innovation manager for Our Brands. "Taste is and will always be our number one focus, and you can expect Kroger to continue to invest in this category as we are committed to providing our customers with products that support their eating preferences and health and wellness goals."
Health and weight management are key factors that consumers keep in mind when choosing a dietary lifestyle, and often, promoting animal welfare and reducing environmental impact are also commonly-cited reasons. A study published in 2018 by Science found that plant-based diets can reduce environmental emissions, including greenhouse gases, from food production by more than 70 percent.
"We are thrilled to see Kroger continue to embrace plant-based foods, particularly plant-based meat in this way," said Bruce Friedrich, The Good Food Institute Executive Director. "It's a defining moment when America's largest grocer launches an entire collection of plant-based meat and dairy products and is clear proof that plant-based has truly gone mainstream. We look forward to other grocers following Kroger's lead."
"Kroger is at the intersection of plant-based curiosity and culinary innovation. Our customers are really open right now to exploring plant-based alternatives, and we're responding with our new collection," added Phipps on stage.
With new Simple Truth Plant Based products arriving every month this fall into 2020, the collection will include easy-to-identify packaging, featuring a distinct icon that will help customers locate the items as they navigate through store aisles or when shopping on kroger.com.
The entire Simple Truth portfolio includes more than 1,550 natural and organic products, with new items launching monthly. To learn more about the brand, visit the Simple Truth page on kroger.com.
To download pictures of the new Simple Truth Plant Based collection, visit here.
About The Kroger Co.
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit®. We are nearly half a million associates who serve over 11 million customers daily through a seamless digital shopping experience and 2,761 retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.
About The Good Food Institute
The Good Food Institute is a global nonprofit focused on building a sustainable, healthy, and just food system. Our team of scientists, entrepreneurs, lawyers, and policy experts are harnessing the power of food innovation and markets to accelerate the transition of the world's food system to plant-based and cell-based meat, eggs, and dairy.
About The Good Food Conference
The Good Food Conference is the world's leading event focused on accelerating the marketplace for plant-based and cell-based meat. The event brings together pioneering food companies, innovators, investors, policymakers, and scientists who are working to shape the future of food.
SOURCE The Kroger Co.
Kroger unveils plans for a line of plant-based products, including sausage and deli slices
· Kroger’s Simple Truth brand will launch a number of plant-based products this fall.
· Kellogg and Hormel also announced new plant-based meat products Wednesday, as more consumers see out alternatives to meat, in an attempt to reduce meat consumption.
· Simple Truth will include plant-based meatless burger patties, cookie dough, pasta sauces, sausages, deli slices, dips and more.
Jasmine Wu, CNBC
Sep 5 2019
Kroger’s Simple Truth brand will add a number of plant-based products to its portfolio, in an attempt to appeal to the growing number of consumers looking to reduce their meat consumption.
Simple Truth’s plant-based collection will launch this fall. It will include meatless burger patties and ground imitation meat as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and more.
“Since its launch in January 2013, Simple Truth has become the leading natural and organic brand in the country, with annual sales exceeding $2.3 billion,” said Gil Phipps, vice president of Kroger’s private label brands.
Phipps noted that more consumers have been adopting a flexitarian lifestyle, where they reduce meat consumption for health or environmental reasons.
Branded food companies, Kellogg and Hormel on Wednesday announced new plant-based product lines, while Tyson Foods said it would invest in a plant-based seafood company. Kellogg’s product line Incogmeato includes plant-based patties and imitation chicken tenders and nuggets. The flagship product in Hormel’s Happy Little Plants brand is ground plant-based meat alternative.
Barclays has projected sales of the plant-based products...
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A Beyond Meat Customer Becomes a Competitor
Timothy Green, The Motley Fool
via Yahoo Finance - September 5, 2019
Both Kellogg and Hormel announced fake meat products on Wednesday. It was Kroger's (NYSE: KR) turn on Thursday.
The supermarket chain plans to roll out a new collection of plant-based products under its private-label Simple Truth brand, offering yet another plant-based option for consumers. Beyond Meat (NASDAQ: BYND), an imitation meat pioneer, will now have to fend off competing products from one of its customers.
Kroger's new plant-based lineup will include meatless burger patties, sausages, deli slices, pasta sauces, sour cream, cream cheese, and a handful of other vegan products. The Simple Truth brand is already big business for Kroger -- annual sales top $2.3 billion. An already well-known brand makes Kroger's new products a potent threat to Beyond Meat and other existing fake meat brands.
Beyond Meat's growth has been impressive, but it was only a matter of time before major food companies launched plant-based products of their own. Kroger's new lineup has more breadth than Beyond Meat's product line, although it remains to be seen whether consumers will prefer Kroger's take on plant-based food.
Kroger's plant-based products will begin arriving in stores this fall, with new products becoming available into 2020. Kellogg is aiming for an early 2020 launch for its own fake meat products, and Hormel's plant-based products are already available in select retail outlets.
As competitors pile into the fake meat and plant-based food market, the exuberance surrounding Beyond Meat stock is looking more irrational with each passing day. The $10 billion company expects to produce revenue of at least $240 million this year, giving it a price-to-sales ratio higher than many fast-growing software companies...
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