Under the joint development agreement, Merit will produce ingredients for Nestlé’s plant-based products.
January 28, 2020
Merit Functional Foods, Manitoba, Winnipeg, and its technology partner Burcon NutraScience, Vancouver, British Columbia, said they have entered into a joint development agreement with Vevey, Switzerland-based Nestlé.
In the North American region, high growth is expected due to increases in population and other factors.
January 6, 2020
The global plant-based protein market was estimated to be valued at USD $18.5 billion in 2019 and is likely to reach USD $40.6 billion by 2025, growing at a CAGR of 14% during the forecast period, according to a new report offered by ResearchandMarkets.com, Dublin.
The flexitarian movement appears to be having the most impact on growth.
December 17, 2019
Innova Market Insights, Arnhem, the Netherlands, said “The Plant Based Revolution” is No. 2 of the top 10 food and beverage trends it is highlighting for 2020.
If William McCormack, business development manager for nutrition at Wauconda, Ill.-based Synergy Flavors, noticed anything at the recent Natural Products Expo West in Anaheim, Calif., it's that the current fad for plant-based dairy alternatives is anything but a fad.
There’s a strong movement toward plant-based eating. By emphasizing dairy milk’s unique nutrients, the dairy industry can help ensure milk will be a key part of plant-based diets well into the future.
Plant-based diets are gaining traction among consumers, institutions and even government recommended dietary guidelines. Although the health benefits of consuming more vegetables, fruits and plant-based proteins are well-founded, "plant-based" is sometimes misconstrued to mean the elimination of animal-derived foods such as dairy milk.
In recent months, we've received a bit of criticism, via email, online comments and other avenues, over our occasional coverage of plant-based dairy alternatives. The comments basically boil down to one complaint: that we're somehow harming the dairy processing industry with such coverage.