Companies Kick Off Veganuary With New Food and Tech Offerings for Growing Market - Seite 2

On January 18, Plantable announced the launch of its lifestyle app, which is available for free download via the Apple App Store or Google Play. The Plantable App is the Plantable's first expansion outside of the US and the first phase of the company's digital health initiative.

Plantable offers a 28-day program designed to reset dietary habits. The company also has ongoing clinical trials in collaboration with the Memorial Sloan Kettering Cancer Center. Other clinical trials with Weill Cornell and Johns Hopkins are scheduled to start soon.

For more information about Plantable Health Inc. (NEO:PLBL), click here.

Meeting Market Demand With Plant-Based Alternatives

On January 10, Beyond Meat, Inc. (NASDAQ: BYND) and Pizza Hut, which is owned by Yum! Brands (NYSE:YUM), announced the rollout of plant-based Beyond Italian Sausage Crumbles throughout Pizza Hut Canada. Pizza Hut's new menu items, containing the Crumbles, are back by popular demand after a successful trial in Toronto and Edmonton last summer. This launch is part of the collaboration between Beyond Meat and Yum! Brands to introduce plant-based menu items to meet the growing demand for plant-based meat alternatives to the Canadian Market.

This isn't the first time Yum! Brands, the parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill, has launched new products to meet the growing interest in plant-based alternatives. In late 2019, Plant-Based KFC was tested in the market and after "extraordinary demand" it has become a staple.

Meanwhile, Supermarket chain Sprouts Farmers Market, Inc. (NASDAQ:SFM) has continued to grow its presence across the US with new store openings. On January 5, SFM celebrated the grand opening of its West Palm Beach and Boynton Beach stores. Two days later, the company announced that it will be celebrating the grand opening of its newest Denver store with Former NFL all pro running back and two-time Super Bowl Champion Terrell Davis.

Tattooed Chef, Inc. (NASDAQ:TTCF), a leader in plant-based foods, completed the acquisition of Belmont Confections, a private label co-manufacturer of snack bars for approximately $18 million in cash and stock, subject to a customary adjustment based on working capital at closing. It says the acquisition will allow it to enter the $10 billion global plant-based bar category in 2022. The acquisition also aligns with its strategy to expand its manufacturing capabilities and develop more ambient and refrigerated products.