NEW YORK, July 13, 2021 / PRNewswire / – The craze for investing in plants may have started when Beyond Meat launched its IPO in 2018, but the market has shown no signs of slowing down since. Investments such as SIMULATE’s plant-based chicken business $ 50 million round table, which included music legend and entrepreneur Jay-Z, and Oatsrecent (NASDAQ: OTLY) $ 1.4 billion The IPO reinforces the growing role of plant-based foods in modern society. As investors take note of these developments, companies like Other Nutrition (TSXV: BABY) (OTCQX: BABYF) could potentially be an attractive candidate for acquisition by one of the biggest players in the industry, following Else’s successful launch of her plant-based nutrition for toddlers . Other companies such as Brands Conagra, Inc. (NYSE: CAG), SMA (NYSE: ADM), and Tyson Foods (NYSE: TSN) are also following suit with their recent launches and lab openings to meet consumer demands around the world. As the rapid and continuous growth of the herbal industry continues, the market is projected be a hundred times bigger by 2050.
Else Nutrition Significantly Expands Commercial Footprint and Revenue
Following the success of plant nutrition for toddlers, Else Nutrition (TSXV: BABY) (OTCQX: BABYF) has surged in the herbal market in recent months. Earlier in the year, Other Nutrition created a presence for himself in 350 Sprouts Farmers Market stores with the very first plant-based toddler nutrition product. Other Nutrition, which aims to provide pure, clean and sustainable nutritional alternatives to children, achieved Q1 2021 revenue of C $ 1.35 million, a growth of 90% compared to the revenues of CA $ 598,000 in Q4 2020 and an increase of 282% vs. turnover on CA $ 297,000 in the first quarter of 2020.
“I am very proud of our accomplishments this quarter. We continued to generate rapid business growth while successfully launching our first retail stores and beginning to work with the largest health food distributors in the United States. mentionned Hamutal Yitzhak, Other Nutrition CEO.
After successfully completing the first commercial production of Other Nutrition second product, Complete Nutrition for Kids (ages 3 and up; in powder form), launched by the company on three online platforms: Thrive Market, a leading health food e-merchant with 500,000 subscribers; iHerb, a US-based international online platform serving 180 countries; and PlantX, a new herbal e-merchant. With the launch days, Other Nutritionis her herbal protein shakes for kids Reached # 1 and # 2 Amazon # 1 Position in the hot new releases of the nutritional shakes for babies and toddlers category.
Other Nutrition has also continued to strengthen its retail presence, with its Else Plant-Based Complete Nutrition for Toddlers now listed in over 1,000 outlets, thanks to the recent expansion into 100 independent stores and food co-ops, and at over 700 retail outlets, including Sprouts Farmers Market, Big-Y, Raley’s, Natural Grocers, AFS, Haggen, PCC, Mother’s Markets and dozens of independent stores.
Top companies responding to growing consumer demand for herbal alternatives
Swedish Oat Milk Company Oatly (NASDAQ: OTLY), which entered public markets in May 2021 with an IPO price of $ 17 per share for the gross product up to $ 1.6 billion, continued to expand its reach. Before its listing, the company ad plans for its new UK-based plant, scheduled to launch in the first quarter of 2023. The new plant will be able to produce 300 million liters of oat drink per year at launch, with a capacity of 450 million liters, making it one of the largest plant-based dairy plants in the world.
Leading brand food company in North America Conagra Brands, Inc. (NYSE: CAG) responds to market demand by introducing new herbal offerings as part of its vast summer program. The company’s frozen food collection includes brands such as Healthy Choice, Banquet, that of Marie Callender, and Hungry Man. From her Healthy Choice Zero keto-friendly meal to her Gardein plant-based chili, Conagra boldly states that there is something for everyone on the menu.
As North Americans indulge in the latest herbal products, ADM (NYSE: ADM) has recently launched its new state-of-the-art herbal laboratory at Singapore to meet the growing demand in the Asia Pacific Region. SMAThe new lab, which includes protein and texture ingredient experts and flavor specialists, will give the company the ability to test flavors, textures, fat and binding characteristics internally and speed up the process. product development for customers.
As the barbecue season is in full swing, Tyson Foods (NYSE: TSN) decided to expand its portfolio of Raised & Rooted and has introduced plant-based options including their raised and rooted plant-based burger, ground protein, bratwurst sausage, and Italian sausage. A month later, Tyson launched its new herbal bites on the market.
There is no sign of the plant-based industry slowing down, offering plant-based food companies like Other Nutrition the opportunity to capitalize on the growing demands of consumers looking for healthy alternatives for themselves and their families.
For more information on Other Nutrition, Click here.
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