The Global Meatless Food Market is highly competitive in nature. With growing trends of veganism and vegetarianism, there has been an elevating demand for ideal meat substitutes. Various companies have emerged to fulfil the ever-growing demand for vegan meat.
This multinational company was founded in Barcelona, Spain, in the year 1919. It is presently headquartered in Paris, France. It is known for its diverse product portfolio of plant-based products. Its product pipeline consists of international brands such as Nutricia, Actimel, Danette, Volvic, and Alpro, just to name a few. Numerous local brands also operate under this company namely, Oikos, Cow & Gate, Bledina, Horizon Organic, and Happy Family, among others.
The company aims towards the manufacturing of sustainable edibles. Therefore, it has amplified its plant-based product portfolio. In 2018, Danone pledged to triple the sale of its plant-based consumables and accumulate around USD 5.7 billion by 2025. For that, it has been adopting robust business centric strategies. Danone strives to cater to the ever-growing demand for vegan consumables.
Founded in 1902, The Archer-Daniels-Midland Company is a pioneer in the food processing and commodities trading sector. It uses plant based ingredients like oilseeds, soybeans, canola, grains, and cereals, among others to manufacture a wide range of consumables, beverages, animal feed, and nutraceutical products, among others.
This company works on the principle of using natural ingredients to make nutritional products. It sticks to its commitment of relying on plant-based ingredients to solve the ever growing nutritional challenges across the globe. Archer-Daniels is keen on adopting advanced technologies to develop its food processing vertical. The company also promotes veganism among the masses by formulating catchy marketing strategies.
In 2009, Ethan Brown established Beyond Meat, Inc. Its headquarters are located in El Segundo, California. It predominantly produces plant based or vegan meat products. Some of the common plant based meat products manufactured by the company are sausages, meatballs, strips, jerkies, burgers, and minces, among others. With extensive R&D activities, Beyond Meat has successfully developed plant-based beef products which is the first of its kind.
The company’s initiative to encourage the masses to adopt a vegan lifestyle is quite commendable. The strategies formulated by Beyond Meat to solidify its global position are quite efficient. In fact, the firm predominantly targets meat eating individuals along with existing vegans/vegetarians. It is known for using affordable advertising tactics for product promotions and uses most of its financial resources to boost its R&D activities and scale up the overall manufacturing process. Its prime goal is to make plant-based meat easily accessible to the masses and in lower costs.
The company was established in 1995 under the name Soyaworld, Inc. It was in 2011 when it was renamed as Earth’s Own Food Company, Inc. The firm predominantly manufactures plant-based health food and beverages. Headquartered in Vancouver, Canada, Earth’s Own believes that consuming plant based food is a healthier option for our bodies and the planet. It further aims to transform the dietary trends of the masses by introducing flavourful vegan consumables.
The vast product pipeline of the company includes vegan butter, coffee, and milk, among others. In order to increase its customer base, Earth’s Own conducts extensive research to get actionable insights on the ever-changing dietary habits of the masses. Based on that, it updates the texture and flavour of its existing products while adding new ones to its vast pipeline.
The company was founded in 2011 by Patrick O. Brown. Its headquarters are located in Redwood City, California. It predominantly produces ideal meat substitutes for various products like burgers. The enterprise also manufactures plant-based sausages, patties, and strips among others. Impossible Foods’ primary mission is to end animal-based meat consumption by 2035.
It is carrying out extensive R&D activities to accurately replicate meat products. In fact, it intends to eliminate the taste and texture difference between plant based and original meat products. Apart from that, it is trying to reduce the price range for its products over time so as to amplify its consumer base.