In this file:

 

·         Here’s how Beyond Meat can lose the lead in the plant-based meat category to Tyson

Other players like Kellogg and Hormel Foods are going to make the plant-based meat space more crowded

 

·         Tim Hortons dropping Beyond Meat products from menus except in Ontario and B.C.

… the chain says it’s dropping the alternative protein products at thousands of Canadian locations, just three months after introducing them…

 

·         Tyson Dives Into New Flavors With Non-Meat Protein Snacks

Company pushing to boost its position in non-meat products

 

 

 

Here’s how Beyond Meat can lose the lead in the plant-based meat category to Tyson

Other players like Kellogg and Hormel Foods are going to make the plant-based meat space more crowded

 

By Tonya Garcia, MarketWatch

Sept 18, 2019

 

Beyond Meat Inc. and Impossible Foods are the fastest-growing names in plant-based meat thanks to partnerships with the fast-food sector, but CFRA’s Arun Sundaram says Tyson Foods can take a top position by being healthier.

 

Beyond Meat and Impossible Foods proteins are popping up on quick-service menus with items like faux fried chicken at KFC and Impossible Whoppers at Burger King.

 

KFC is part of the Yum Brands Inc. portfolio of QSR chains, and Burger King is part of Restaurant Brands International Inc. Impossible Foods is privately held.

             

It’s those partnerships that are giving those two companies an edge in the plant-based meat sector, Sundaram said.

 

“We forecast Beyond Meat and Impossible Foods will remain the fastest-growing players in the space over the next couple of years, thanks to demand from quick-service restaurants,” the CFRA note said.

 

Beyond Meat closed its first day of trading on May 2 at $65.75. The stock closed Tuesday at $160.31.

 

Also: KFC is selling meatless fried chicken – is it actually healthier than the real thing?

 

But Tyson could make inroads into the category by being healthier and using the global connections it has developed throughout its supply chain.

 

Tyson has launched Raised & Rooted, which produces both plant-based products and items that are a blend of animal and plant proteins. The company has also invested in New Wave Foods, a plant-based shellfish company.

 

“Its blended beef and plant-based patties specifically target the ‘flexitarian’ demographic, who are defined as consumers who purchase both meat and meat alternatives,” wrote Sundaram.

 

“This patty stands out from competition, not only because it’s a blended meat and plant-based burger, but because it seems to be the healthiest option in the marketplace - it has a comparable amount of protein to traditional 80/20 beef burgers and other plant-based burgers, such as those offered by Beyond Meat and Impossible Foods, but far less total fat and saturated fat. We think more and more consumers are looking at labels and realizing that many plant-based products are not as healthy as they initially thought, and this is where we think Tyson can stand out.”

 

Whichever company leads the plant-based meat space, it will be competing with a growing number of brands. CFRA points out that Hormel Foods Inc.  has launched a new line, Happy Little Plants. Grocer Kroger Co. is launching private-label Simple Truth Plant Based. And Kellogg Co.’s  MorningStar has introduced Incogmeato which will be in grocery stores and among foodservice options in early 2020.

 

“Of these three companies, we think Kroger’s launch will have the greatest positive, short-term impact to sales growth since it is the first major grocer to launch an entire collection of its own plant-based products,” wrote CFRA.

 

However...

 

more, including links, chart

https://www.marketwatch.com/story/heres-how-beyond-meat-can-lose-the-lead-in-the-plant-based-meat-category-to-tyson-2019-09-18

 

 

Tim Hortons dropping Beyond Meat products from menus except in Ontario and B.C.

 

By Dan Healing, The Canadian Press

via The Toronto Star - Sept. 18, 2019

 

Apparently, Beyond Meat burgers don’t go that well with Tim Hortons coffee, as the chain says it’s dropping the alternative protein products at thousands of Canadian locations, just three months after introducing them.

 

The vegetable-based Beyond Burgers are being taken off menus nationally, while Beyond Meat breakfast sandwiches will be removed from all locations except in B.C. and Ontario, where a “positive reaction” means customers can continue to enjoy them, the company says.

 

The decision isn’t surprising given Tim’s core expertise at selling coffee and baked goods but it’s a black eye for the California-based manufacturer of Beyond Meat, said Sylvain Charlebois, a professor in food distribution and policy at Dalhousie University in Halifax.

 

“I see this as bad news for Beyond Meat, absolutely, because it may taint the brand in Canada. Tim Hortons is no small player,” he said in an interview.

 

The Tim Hortons’ decision, apparently made based on sales volumes, might indicate that Beyond Meat is reaching a saturation level in Canada after being embraced by A&W restaurants and widely offered in retail grocery stores, he said.

 

“We are always listening to our guests and testing a wide variety of products across the country,” said Jane Almeida, a spokeswoman for Tim’s parent Restaurant Brands International Inc., in an email confirming the withdrawal.

 

“Like any limited-time offer, we may explore offering the product again in other provinces at a future date based on ongoing guest feedback.”

 

The company announced in May it would test its three Beyond Meat breakfast sandwiches at some stores.

 

In June, it said those products would be rolled out in all of its almost 4,000 Tim Hortons restaurants nationwide and, in July, it announced it would offer Beyond Burgers as well...

 

more

https://www.thestar.com/business/2019/09/18/tim-hortons-cuts-imitation-meat-products-from-menus-except-in-ontario-and-bc.html

 

 

Tyson Dives Into New Flavors With Non-Meat Protein Snacks

 

    Bite-sized products to include Mint Macha, Cranberry Kombucha

    Company pushing to boost its position in non-meat products

 

By Lydia Mulvany, Bloomberg 

September 18, 2019

 

Tyson Foods Inc., which produces one out of every five pounds of meat in the U.S., is betting on more non-meat proteins with new bite-sized snacks that include flavors like mint matcha and cranberry kombucha.

 

The maker of Jimmy Dean sausages earlier this year became one of the first major meat producers to release a line of plant-based alternatives, including vegitarian chicken nuggets and a "mixed" burger made of beef and pea protein.

 

On Wednesday, Tyson said it would sell a new brand of snacks called Pact. The protein will come from foods like nuts and seeds, egg whites and pea protein. Other ingredients include turmeric and live probiotic cultures. The products address new opportunities in the marketplace as consumers seek more protein in their diets, said Noelle O’Mara, group president of prepared foods.

 

Snacking is on the rise. The company’s Hillshire snacking portfolio consists of premium meats and cheeses, O’Mara said by phone, and has been “growing substantially over the years” into a $115 million portfolio.

 

The Pact brand is geared toward...

 

more

https://www.bloomberg.com/news/articles/2019-09-18/meat-giant-tyson-dives-into-new-flavors-with-protein-snacks