The roughly 40,000 barrels of beer that Athletic produced last year were not enough to keep pace with demand, Shufelt told Food Dive. According to Athletic Brewing, it has already outgrown the 12,000-barrel capacity of its first brewery in Connecticut and expanded its San Diego facility by 125,000 barrels. Fermentation is gaining a foothold in the protein alternatives sector, attracting $435 million in investments in the first nine months of 2020, according to a Good Food Institute report. In 2020, plant-based food sales increased 27% to be worth $7 billion, according to SPINS statistics released by the Good Food Institute and the Plant Based Foods Association. According to a recent Top Trends in Prepared Foods in 2017 report, 6% of the U.S. Europe. Meanwhile, the U.S. While Quorn makes a wide variety of products, Monde Nissin told Bloomberg the company will concentrate on its chicken alternative in the U.S. And while Quorn has definitely improved Monde Nissin’s portfolio and geographic footprint, it hasn’t done quite as well as the rest of the meat alternative segment. This could be a winning strategy, considering most of the alternative meat items on fast food menus are either hamburgers or sausages. Quorn CEO Marco Bertacca told Bloomberg that the brand’s ambition is to be the world’s top alternative chicken provider.
Quorn is one of the pioneers in the meat alternative space. With 301 INC’s renewed focus, the unit would now look to help startups tap into General Mills’ wealth of knowledge about the space. A number of other beverage makers have taken note of consumer preferences and are launching new products into the low- and no-alcohol space. MOM’s Organic Market has introduced several products made with crickets and mealworms, including cricket cookies and mealworm Bolognese as well as a bulk selection of insects, according to The Shelby Report. According to the latest Power of Meat report from the Food Industry Association, 24% of consumers say they prefer private brand fresh meat and poultry compared to 28% who prefer name brands. And while the report looked at a wide variety of companies using fermentation for everything from meat substitutes to ingredients, fermented meat alternatives from companies including Nature’s Fynd and Air Protein are likely to arrive on grocery shelves in the coming years. Monde Nissin, best known for its Asian noodle and snack brands, also owns the U.K.-based fermented meat analog company. The company is creating a new smaller 13.2-ounce bottle size for many of its soft drinks that will used the recycled plastic, but will use recycled plastic in some 20-ounce bottles as well.
However, they will help ensure that produce is as safe as it can be. As long as these new plant-based varieties can satisfy consumers, Siggi’s should definitely have a hit on its hands. While Quorn isn’t included under the plant-based umbrella because its key ingredient is derived from fungi through fermentation, it is closely related in terms of consumer perception. A consultation with a registered dietitian could put a consumer on the right track, nutritionwise. Given the consumer appetite for all things meat alternatives, now might be the right time to undertake a massive expansion of Quorn. Meat snacks require a specific kind of barrier to make their product shelf stable, which doesn’t currently allow for a completely recyclable product. Products from several other up-and-coming fermentation-based companies are likely to join Quorn’s products in the meat alternatives case soon, though. And so for years, Kraft Heinz looked at their products the same way, considering their competition and place in the market as just single products. This is as beer sales have slumped in recent years, with millennials in particular cutting their alcohol consumption.
The company is facing dire financial times, with problems from its complex business structure and shutdowns from the coronavirus pandemic erasing about 98% of share value in five years, The Irish Times reported in May. While the pandemic may have a lasting change on the way consumers look at the world, they still have a lot of options to choose from. The pandemic has helped boost sales of plant-based alternatives, which were already rapidly expanding. Shufelt said, pointing to Nielsen data showing that sales of nonalcoholic craft beer have grown 430% year-over-year, with Athletic claiming half of the segment. Shufelt said. The company offers a range of nonalcoholic beers, including IPAs, stouts and sours, as well as hops-infused flavored seltzers. Fy is highly adaptable to several applications, the company has said. The company itself is made up of an intriguing combination of executives. Quorn sales and distribution will be expanded in the U.S., top Monde Nissin executives told Reuters. Retail sales of the product soared 208% to $1.4 billion for the year ending Nov. 30, 2019, according to data provided to Food Dive by Nielsen.