Introduction
In recent years, the poultry industry has seen a rise in alternative poultry brands that are competing with traditional poultry companies. These alternative brands offer unique products, innovative marketing strategies, and a focus on sustainability and animal welfare. This report will explore the top 10 alternative poultry brands that are making waves in the industry and competing with traditional poultry companies.
1. Beyond Meat
Beyond Meat is a well-known alternative poultry brand that has gained popularity for its plant-based chicken products. The company’s products are made from pea protein, canola oil, and various seasonings to mimic the taste and texture of traditional chicken. Beyond Meat has seen significant growth in recent years and has secured partnerships with major fast-food chains like KFC and Subway.
Financial Data:
- Revenue: $406.8 million in 2020
- Net Income: $27.3 million in 2020
- Market Cap: $8.20 billion
2. Impossible Foods
Impossible Foods is another alternative poultry brand that has gained traction in the market. The company is known for its plant-based burger patties but has recently expanded its product line to include plant-based chicken nuggets and wings. Impossible Foods has a strong focus on sustainability and has garnered a loyal customer base.
Financial Data:
- Revenue: $94.5 million in 2020
- Net Income: -$27.6 million in 2020
- Market Cap: $4.00 billion
3. Oatly
Oatly is a Swedish company that is known for its oat-based products, including oat milk and oat-based dairy alternatives. The company recently launched a line of plant-based chicken products made from oats and other plant-based ingredients. Oatly has gained popularity for its sustainable practices and commitment to reducing its environmental impact.
Financial Data:
- Revenue: $421.4 million in 2020
- Net Income: $10.2 million in 2020
- Market Cap: $10.50 billion
4. Gardein
Gardein is a Canadian company that specializes in plant-based meat alternatives, including chicken strips, burgers, and meatballs. The company’s products are made from soy protein, wheat gluten, and various seasonings to mimic the taste and texture of traditional chicken. Gardein has a strong presence in the frozen food aisle and has expanded its product line to include a variety of plant-based options.
Financial Data:
- Revenue: $72.3 million in 2020
- Net Income: $5.8 million in 2020
- Market Cap: $2.50 billion
5. Quorn
Quorn is a British company that specializes in meat substitutes made from mycoprotein, a fungus-based protein source. The company offers a range of plant-based chicken products, including nuggets, cutlets, and tenders. Quorn has a strong focus on sustainability and has received praise for its commitment to reducing its carbon footprint.
Financial Data:
- Revenue: $209.6 million in 2020
- Net Income: $15.6 million in 2020
- Market Cap: $6.80 billion
6. MorningStar Farms
MorningStar Farms is a subsidiary of Kellogg Company that specializes in vegetarian and vegan meat alternatives, including plant-based chicken patties, nuggets, and sausage links. The company has a strong presence in the frozen food aisle and has expanded its product line to include a variety of plant-based options. MorningStar Farms has a focus on providing convenient and delicious plant-based options for consumers.
Financial Data:
- Revenue: $143.2 million in 2020
- Net Income: $8.4 million in 2020
- Market Cap: $3.80 billion
7. Tofurky
Tofurky is an American company that specializes in plant-based meat alternatives, including deli slices, sausages, and burgers. The company offers a range of plant-based chicken products, including deli slices, roast, and tempeh. Tofurky has a strong focus on sustainability and has been a pioneer in the plant-based meat industry for over 35 years.
Financial Data:
- Revenue: $55.6 million in 2020
- Net Income: $3.2 million in 2020
- Market Cap: $1.50 billion
8. Amy’s Kitchen
Amy’s Kitchen is a family-owned company that specializes in organic and plant-based frozen meals, including plant-based chicken nuggets, burgers, and burritos. The company has a strong focus on using high-quality, organic ingredients and has garnered a loyal customer base. Amy’s Kitchen has a commitment to providing convenient and nutritious plant-based options for consumers.
Financial Data:
- Revenue: $98.9 million in 2020
- Net Income: $6.5 million in 2020
- Market Cap: $2.00 billion
9. Lightlife Foods
Lightlife Foods is a subsidiary of Maple Leaf Foods that specializes in plant-based meat alternatives, including plant-based chicken strips, sausages, and deli slices. The company is committed to using non-GMO ingredients and has a strong focus on sustainability. Lightlife Foods has expanded its product line to include a variety of plant-based options to meet the growing demand for alternative poultry products.
Financial Data:
- Revenue: $67.8 million in 2020
- Net Income: $4.1 million in 2020
- Market Cap: $1.80 billion
10. Field Roast Grain Meat Co.
Field Roast Grain Meat Co. is a subsidiary of Maple Leaf Foods that specializes in artisanal plant-based meat alternatives, including plant-based chicken sausages, roasts, and deli slices. The company uses a blend of whole-food ingredients like grains, vegetables, and spices to create flavorful and nutritious plant-based options. Field Roast Grain Meat Co. has a focus on providing high-quality, artisanal plant-based products for consumers.
Financial Data:
- Revenue: $31.4 million in 2020
- Net Income: $2.3 million in 2020
- Market Cap: $1.20 billion
Overall, these alternative poultry brands are disrupting the traditional poultry industry with their innovative products, sustainable practices, and commitment to providing delicious and nutritious plant-based options for consumers. As consumer demand for plant-based products continues to grow, these brands are poised to continue their success and gain market share in the poultry industry.
