Plant Based Products Gain Momentum-From #Food to #Wellness;
(OTCQB: $RVIV) (NYSE: $INGR) (NASDAQ: $BYND) (NASDAQ: $TYHT)
Point Roberts WA, Delta BC – August 13,
2019 - Investorideas.com,
a leading investor news resources covering wellness and food stocks releases a
sector snapshot reporting on the continued rise of plant based/vegan products
in the food and wellness sectors.
“Vegan” “organic” “plant based” - these are
all terms that are becoming more commonplace when addressing consumer
expectations in many industries and many companies, as well as investors, are
taking note.
A research study by Persistence Market Research also
supports the growth of the market stating, “The global plant based proteins
market is witnessing high growth in the coming years. It is poised to register
a robust CAGR of 5.7% throughout the period of forecast 2017-2025. In 2017, the
global market was viewed at US$ 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/08131PlantBasedProducts.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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