Vegan Options Continue to Trend- from Food to Health
(OTCQB: $RVIV) (NYSE: $INGR) (NASDAQ: $BYND) (NASDAQ: $TYHT)
Point Roberts, WA and Delta, BC - August 14, 2019
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resources covering wellness and food stocks releases a sector snapshot
reporting on the continued rise of plant based/vegan products in the food and
wellness sectors.
"Vegan" "organic" "plant
based" - these are all terms that are becoming more commonplace when
addressing consumer expectations in many industries and many companies, as well
as investors, are taking note.
A research study by Persistence Market Research also
supports the growth of the market stating, "The global plant based
proteins market is witnessing high growth in the coming years. It is poised to
register a robust CAGR of 5.7% throughout the period of forecast 2017-2025. In
2017, the global market was viewed at US$ 10.5 Bn and with this growth rate, it
is estimated to reach a value of around US$ 16.3 Bn by the end of 2025."
Reviv3 Procare
Company
(OTCQB:
RVIV),
a manufacturer of plant-based salon products designed for modern hair care
challenges announced that it appointed Gerry
Udell, Inc. as representatives of its professional salon products for the
states of Connecticut, Delaware, DC, Maine, Pennsylvania, Massachusetts, New
Hampshire, New Jersey, New York, Rhode Island, Vermont, West Virginia and
Maryland.
Read this in full
at https://www.investorideas.com/news/2019/lohas/08141Vegan-FoodHealth.asp
“Gerry
Udell is a highly respected manufacturer’s rep organization with a reputation
of excellence in the professional beauty space. We believe this partnership
will significantly expand our market exposure and strengthen our position in
the Northeast territories,” said Donald Starace, President of Reviv3.
Gerry
Udell Inc. is the largest regional sales agency in the professional beauty
industry. The family owned company has been in business for fifty-eight years.
Gary Udell, President of Gerry Udell stated, “Our company feels that the Reviv3
hair treatment system has already been tested and proven to be effective in the
prevention of hair loss. We believe there is a great opportunity in this
category in the professional beauty field.” According to Udell, the company has
already targeted prospective distributorships that will be able to promote and
expand the line to leading salons and spas. Udell stated, “Our entire
organization believes Reviv3 Procare will become a major brand in the
Professional Beauty industry.”
Reviv3
salon products were initially launched in exclusive salons in Italy and New
York. The products include a line of hair cleansing, moisturizing, thickening
agents, restoratives and environmental defense products that address the hair
care challenges of the human body in transition. The company is committed to
the cause of thinning hair by restoring the strength, protein and critical
moisture that is degraded over time by using the highest quality active
ingredients found in nature to create professional grade products that simply
work.
Ingredion
Incorporated
(NYSE:
INGR),
a leading global provider of ingredient solutions to diversified industries, recently
announced
it will further expand its manufacturing and production capabilities in
Vanscoy, Saskatchewan with Verdient Foods, Inc. As part of this investment, the
Company has begun construction on a new manufacturing facility to produce
specialty pulse-based protein ingredients. The new facility, which is expected
to be operational in the second half of 2020, significantly increases the
Company’s food processing capabilities to meet the growing consumer demand for
plant-based proteins.
“We’ve
advanced our specialty strategy to capitalize on the trends shaping the food
industry,” said Ingredion’s President and Chief Executive Officer, Jim Zallie.
“Our latest investment will significantly expand our product portfolio to
provide more innovative solutions to our customers, which will enable future growth.
Ingredion and Verdient also share a common vision that sustainable and trusted
sourcing will play an important role in the future of consumer-preferred
plant-based proteins.”
Jim
Cameron stated, “I’m excited to further our relationship with Ingredion, which
will power significant expansion of plant-based proteins to consumers around
the world. By working together, we have an amazing opportunity to be leaders in
the next wave of global food production, which will have a lasting impact on
future generations.”
“By
combining our expertise in product formulation with Verdient’s high-quality
Canadian-sourced pulses, we are uniquely positioned to be a reliable source
supporting manufacturers as they create great-tasting and affordable
plant-based proteins for food and beverages,” said Igor Playner, Vice President
of plant-based proteins at Ingredion.
Beyond Meat (NASDAQ:
BYND),
a leader in the plant based protein market as well as a company that has
reached a very high news profile, recently
announced
that it no longer has plans to enter the Japanese market and will focus more on
the US market, according to a Reuters
report.
The
Japanese trading house Mitsui & Co Ltd., which has a small stake in Beyond
Meat told Reuters it no longer plans to sell plant-based meat alternatives in
Japan.
Beyond
Meat company has signed a deal to start producing its plant-based meat
substitutes in Europe in 2020, according to a CNBC report. The company has
partnered with Zandbergen World’s Finest Meat to make its vegan meat
alternatives in the Netherlands at a new manufacturing facility.
With
its focus on the US as well as Canada, the company recently announced that
Subway has partnered with Beyond Meat to
test plant-based protein options starting this September.
The
restaurant will trial the Beyond
Meatball Marinara Sub
in 685 participating restaurants in Canada and the United States.
“Our
guests want to feel good about what they eat and they also want to indulge in
new flavors. With our new plant-based Beyond Meatball Marinara Sub, we are
giving them the best of both worlds. And, we are particularly excited about
debuting a co-developed product that can't be found anywhere else: the Beyond
Meatball made just for Subway," says Len Van Popering, Subway's Chief
Brand and Innovation Officer.
According to a recent report from
Research and Markets, Global
Vegan Cosmetics Market 2019-2023,
“with rising awareness about the negative impacts of animal-derived products,
the demand for vegan products, including vegan cosmetics has also increased.
Moreover, vegan cosmetics are manufactured from natural or plant-based
ingredients which are beneficial for the skin. Vegan cosmetics improve skin
health and reduce the chances of acne, dark circles, and other skin
abnormalities. Hence, the preference for vegan products is rising among
consumers which, in turn, is fueling the growth of the vegan cosmetics market
at a CAGR of over 6% during the forecast period.”
Shineco, Inc. (NASDAQ:
TYHT),
a producer and distributor of Chinese herbal medicines, organic agricultural
produce, specialized textiles, and various health and well-being focused
plant-based products in China, recently
announced
that the Company expects to launch hemp based cosmeceutical products on the
Chinese market in August 2019 under its brand, LABEE.
The
Company entered into a strategic cooperation agreement (the “Agreement”) with
Heilongjiang Harbin Beima Technology Development Co., Ltd. (“HBTD”) on July 19,
2019 for industrial hemp related research, production, and sales including
cosmeceuticals, pharmaceuticals, health care products, etc.
Previously,
the company gained the exclusive use right of the hemp seed “M11” (the CBD of
which can reach 2.97%) through the Institute of Bast Fiber Crops, Chinese
Academy of Agricultural Science. The company also jointly developed CBD
processing and extraction equipment with the Robot Team of Harbin Institute of
Technology.
Mr.
Yuying Zhang, Chairman and Chief Executive Officer of Shineco commented, “This
is another milestone in our path to realize the potential of industrial hemp
industrialization. For the product development under the LABEE brand, we
cooperated with a team of world-class engineers and scientists.”
Mr.
Zhang continued, “We have completed the research and development of 18 products
under the LABEE brand with CBD as the main component, including hemp leaf
active repair mask series, hemp leaf beauty brightening mask and hemp leaf care
mask. Experiments have proved that these products have anti-inflammatory,
moisturizing, and antioxidant effects, and can be used to relieve skin
sensitization and redness, establish protective barriers for skin surface,
improve skin self-repair, and treat eczema. We expect to launch these products
in China in August before introducing them to the global market in the future.”
This
demand for plant based products falls in line with many other “millennial
trends” that have taken off as of late, as a larger number of consumers
continue to care more about their personal health as well as environmental
impact. This puts a strong emphasis on companies to begin focusing on plant
based products that can be developed sustainably, not only for consumers but
for investors as well, who are taking note of this growing trend, particularly
seeing the meteoric rise of Beyond Meat. Whether considering hair care,
cosmetics or the food we eat, plant based products continue to lead the way
into the future.
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