With millions turning to healthier vegan diets, even the vegan cheese market is expected to explode. In fact, according to Research and Market, the market was valued at $1.237 billion in 2019 and could reach $4.42 billion by 2027. “The rise in awareness of lactose-intolerant conditions among consumers is the key factor driving the global vegan cheese market growth globally. Therefore, consumers prefer buying products such as vegan cheese, vegan meat, and vegan yogurt,” they added. That’s also driving strong growth at companies, such as Feel Foods Ltd. (CSE:FEEL)(OTC:FLLLF), Modern Plant Based Foods Inc. (CSE:MEAT) (OTC:MDRNF), Zoglo’s Incredible Food Corp. (CSE:ZOG), Plant Veda Foods Ltd. (CSE:MILK)(OTC:PLVFF), and Beyond Meat (NASDAQ:BYND).
In addition, according to Transparency Market Research, “Hectic lifestyle and sedentary work patterns have led to high incidences of obesity, diabetes, and other disorders. In order to avoid such health conditions, many individuals are opting for vegan diets. The exponential demand for vegan diets has led to the consumption of vegan cheese to a considerable extent.”
Look at Feel Foods Ltd. (CSE:FEEL)(OTC:FLLLF) For Example
Feel Foods Ltd. just announced that the Company’s 100% owned Black Sheep Vegan Cheeze products are now available for purchase on multiple online marketplaces including: www.spud.ca, www.veganofoods.com, Vegan Supply online and www.farmtotablemarket.ca online marketplaces. We encourage Feel Foods’ investors, stakeholders and customers to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any of the above online marketplaces to try Black Sheep’s unique products.
Vegano founder and CEO, Conor Power states: “Plant based cheeses are some of our best-selling products due to the ease of substituting them for their dairy counterparts and their creamy texture and delicious taste. Black Sheep Cranberry Voursin is an excellent substitute for spreadable diary cheeses, give it a try from out marketplace at: https://marketplace.veganofoods.com/collections/dairy/products/black-sheep-vegan-cheeze-cranberry-voursin
Feel Foods Director and CEO David Greenway states:“Black Sheep continues to grow its presence and distribution online as well as in stores and now available in over 40 grocery stores and approximately 30 food services locations throughout British Columbia. Our Cranberry Voursin is one of our best sellers and a perfect substitute to spreadable cheeses when entertaining this Christmas season. We are currently working on launching exciting new plant-based products for you to enjoy ahead of the holiday season this year.”
Other related developments from around the markets include:
Modern Plant Based Foods Inc., an award-winning plant-based food company, is pleased to announce that Modern Meat, its meat alternative division, has teamed up with Tartistes to create a co-branded plant-based Shepherd’s pie now available to retailers and food emporiums across Canada through two top food service distributors. Since 2009, Tartistes have been making a variety of premium frozen savory and sweet pastry products as well as ready-to-bake pastry shells and patisserie shells. Filled with real food with real taste, all are free of chemical preservatives and additives. Produced in a manufacturing facility in Burnaby, BC that is HACCP compliant and SQF certified, Tartistes products are sold both branded retail packaged and bulk in major regions of Canada and the U.S.A., including Western Canada, Ontario, Washington, Oregon, California and Texas.
Zoglo’s Incredible Food Corp., a plant-based food company, is pleased to announce that the Company’s shares have been accepted for listing and have commenced trading on the Frankfurt Stock Exchange under the symbol “7UT”. The Company’s common shares are now cross-listed on the Canadian Securities Exchange and the FSE. The FSE is one of the world’s leading international stock exchanges by revenue, profitability, and market capitalization and is the largest of Germany’s stock exchanges.
Plant Veda Foods Ltd., an award-winning dairy-alternative food manufacturer, is pleased to announce that production and food quality expert, Mehdi Gohardehi, has been engaged by the Company as a Plant Manager. Mr. Gohardehi previously commanded manufacturing operations at Solico Group, a multinational food company with an annual turnover of a billion dollars. He managed the facility to the highest of global food & safety standards, including compliance and certification with the International Standards Organization (ISO) and HACCP, a systematic and preventive approach to food safety. Mr. Gohardehi also oversaw compliance with the Canadian Food Inspection Agency (CFIA). Products formulated under Mr. Gohardehi’s oversight included dairy products, ready meals, beverages, and snacks.
Beyond Meat, a leader in plant-based protein, is shaking up the breakfast game in Canada by launching plant-based Beyond Breakfast Sausage Links in grocery stores nationwide, marking Beyond Meat’s entry into the Canadian retail breakfast category. Consumers can find the savoury plant-based sausage links at all major retailers across Canada, making it easier than ever to enjoy Beyond Meat’s delicious, nutritious and sustainable plant-based proteins any time of day. Beyond Breakfast Sausage Links are crafted to deliver the craveable flavor and juicy texture of traditional breakfast sausage, while offering 12g of protein per serving and 35% less sodium than the leading brand of pork sausage. Beyond Breakfast Sausage Links are made of simple, plant-based ingredients like peas and rice, with no GMOs, soy, gluten, antibiotics, hormones or cholesterol. Plus with eight links per package, Beyond Breakfast Sausage Links are a delicious and convenient option that will satisfy the whole family.
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