PepsiCo Inc. plans to form a joint venture with imitation-meat maker Beyond Meat Inc. to develop snacks and drinks made from plant-based protein, the companies said Tuesday.
PepsiCo, which makes such products as Doritos and Quaker Oats and is a joint owner of Sabra hummus, has over the past several years looked at different options for adding plant-based ingredients to its lineup, including experimenting with soluble oats as a protein in drinks. The broader market for meat alternatives has grown rapidly, with plant-based burger patties proliferating across fast-food drive-throughs and grocery-store meat cases.
Pushing into snacks and beverages would give California-based Beyond a broader reach into supermarkets, which have claimed a greater share of consumers’ food buying during the pandemic. Covid-19 concerns and restrictions pushed Beyond’s sales of plant-based burgers to restaurants 41% lower in the company’s most recent quarter.
Terms of the deal with PepsiCo weren’t disclosed. The companies declined to comment on the size of the investment in the venture. A PepsiCo spokeswoman said it would be managed jointly by the two companies.To Read the Full Story
Yum‼️Glyphosate Slop🤢 Kiss those microbiomes, mitochondria, and that 🧠 goodbye 😱
My problem is if you are vegetarian/vegan and the like and you don’t like or don’t believe in meat eating, then why the h$ll to go for imitation meat ? 😩😩 I don’t get it. 🤷🏻♀️
Way to go!!
🤮🤮🤮🤮🤮🤮
WHERE IS THE STORIES AOUT OREGON RIOTS? ALL THE BS STILL GOING ON. PEOPLE ARE NOT SAFE IN THEIR HOMES BECAUSE BULLY THUGS!! U NEED TO REPORT ON THIS.
Glad I have a ton of stock in beyond
Soylent Green, it’s irresistible
Saw BeyondMeat in my Aldi today, yay
Lipton is an almost plant based Pepsi product because of the high fructose corn syrup.
Sounds interesting ! Look forward the type of snack products that come out of this joint venture ! Beyond meat had a disruptive idea to make plant based burgers taste like beef, I am curious to see what they will do with PepsiCo. Good luck!
PepsiCo plans to form a joint venture with imitation-meat maker Beyond Meat to develop snacks and drinks made from plant-based protein
good luck
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