meat packers add plants to plate as consumers, competition shift - meat packers

by:Demi     2019-09-13
meat packers add plants to plate as consumers, competition shift  -  meat packers
* Meat packers reshape the brand of the protein company * "flexible" diners are on the rise * "huge opportunity for crazy profits "-
In October 13, Manitoba Winnipeg Rod nickel invested in billionaire Bill Gates (Reuters)-
Some major North American meat producers are making room for their plates for planting --
Based on alternatives, as consumer tastes shift and
Tech startups are looking to create meat alternatives like real meat.
Tyson Foods, the largest food company in the United States, stressed the trend on Monday. S.
The chicken processor received a 5% stake in Meat, a factory
Some protein manufacturers backed by Bill Gates.
Other meat packers including Maple Leaf Foods Canada and German sausage
The manufacturer lugenwald Muheer is also stepping up the production of "meat" made from peas, soybeans and other crops, and sales growth in the field is expected to exceed its traditional products.
Adam Grogan, senior vice president of Maple Leaf, said: "This is a very hot area
President of Marketing and Innovation.
"We don't think it's any different from chicken or pork.
We see ourselves as a protein company first.
"According to research firm market and market data, global sales of meat substitutes jumped to about $4 billion this year, up 42% since 2010. U. S.
Red meat consumption has been steadily declining since 1970 of the United States. S.
Government data show that to 69.
2 pounds per person in 2014, the lowest level since records.
However, according to U. S. data, with the expansion of production and the decline in prices, consumption may rebound in the next decadeS.
The Ministry of Agriculture prediction.
In 2014, the global consumption of meat and seafood reached 0. 463 billion tons, which dwarfs 10 million tons of alternatives such as soybeans.
Based on meat alternatives, according to Lux Research.
Meat is under pressure from diners, who may worry about animal welfare and the environmental impact of raising animals, or think vegetarian diets are healthier. SOY-
Two-
Germans and 38% of Americans eat meat-free meals once a week or more
A consumer known as a "flexible"
According to the Innova Market Insight 2016 survey.
Another potential challenge for traditional meat packers is startups like California's Impossible Food, partly funded by Gates and Google Ventures.
In Silicon Valley labs, biochemists are exploring the development of products that match the texture, aroma and flavor of real meat.
"We're not making veggie burgers.
We are making meat . "
Chief Scientist of the company, Shi Kettinger
"We just do it through plants.
"Startups also have the potential to work with Packers.
Impossible Food chief executive Pat Brown told reporters last week that,
Scale output presents challenges, including outsourcing.
Traditional Packers like maple leaf are doing their own research.
The company makes raising pigs and processing pigs its main business, and the company says it has hired several employees to innovate the plant over the past year --
Kitchen protein products focused on improving taste.
Sausage in Europe
Meat added by manufacturer lugenwald Muheer-
Alternative dishes in 2014 due to declining German meat sales.
These products, including soybeans
Headquartered in schnitzel, currently accounts for 20% of its total annual sales of 0. 205 billion euros ($229. 6 million)
Spokesman Silke Ponert said the company plans to double that by 2020.
Cargill does not produce factories at present-
A spokesman, Mike Martin, said meat-based, but recently started calling its meat business a "protein group" to show its interest in a variety of protein choices.
To be sure, the meat business is still making money.
Tyson set a adjusted profit record in 2015.
"Given the consumer's recognition of the value of all types of proteins, it seems (some packers)
Is a response to business opportunities.
"It's not a threat," said Barry Carpenter, chief executive of the North American Meat Institute.
However, the growth rate of meat substitutes has attracted the attention of the industry and investors.
"We will see the meat industry recognize that it needs to be diversified," said Bruce Fridrich, managing trustee for new crop Capital, a venture capital fund for a company that supports alternative animal food for its products.
"This is a great opportunity to move forward --
Let the company crazy profit.
Investors manage $1.
In September, asset 25 trillion launched a campaign to encourage 16 food companies to change the source of protein.
Meat replacement is not a risk
Free investment, however.
Camilla Stice, an analyst at Lux Research, said consumer tastes could eventually oppose them, noting that some meat alternatives were made from genetically modified crops that some environmental activists opposed. U. S.
Canada says retail beef and pork prices have declined over the past year due to a rebound in supply caused by drought and deadly swine virus, but prices are still relatively strong
Kevin Grier, industry analyst.
"I don't see these (
Meat replacement
"It's a new and exciting thing," he said . "
"If I wanted a burger, I would have a burger instead of a fake one. " (here ($1 = 0. 8928 euro)
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