Introduction
The global meat industry has been experiencing a significant shift in recent years, with more and more consumers turning towards plant-based protein alternatives. This trend has not gone unnoticed by some of the biggest meat companies in the world, who are now looking to expand their offerings to include plant-based products. In this report, we will take a closer look at the top 10 meat companies that are making the move into the plant-based protein market.
1. Tyson Foods
Tyson Foods, one of the largest meat companies in the world, has been making strides in the plant-based protein space. The company launched its Raised & Rooted brand in 2019, offering plant-based nuggets and burgers. Tyson Foods has also invested in Beyond Meat, a leading plant-based protein company, showing its commitment to the growing market.
2. Cargill
Cargill, another major player in the meat industry, has also recognized the potential of plant-based proteins. The company has introduced its own line of plant-based products under the brand name PlantEats. Cargill has been investing in research and development to create innovative plant-based alternatives to meat products.
3. JBS
JBS, the largest meat processing company in the world, has recently announced its entry into the plant-based protein market. The company has launched its own plant-based burger under the brand name Ozo. JBS is looking to capitalize on the growing demand for plant-based protein alternatives.
4. Hormel Foods
Hormel Foods, known for its meat products, has also started to venture into the plant-based protein space. The company acquired plant-based protein company Applegate in 2015, expanding its offerings to include plant-based sausages and burgers. Hormel Foods is looking to diversify its product portfolio to cater to changing consumer preferences.
5. Smithfield Foods
Smithfield Foods, a leading pork producer, has also shown interest in plant-based proteins. The company has launched its own line of plant-based products under the brand name Pure Farmland. Smithfield Foods is looking to tap into the growing market for plant-based protein alternatives.
6. Marfrig Global Foods
Marfrig Global Foods, a Brazilian meat company, has entered the plant-based protein market through a joint venture with plant-based protein company Archer Daniels Midland (ADM). The joint venture, known as PlantPlus Foods, offers a range of plant-based products to cater to the changing consumer preferences.
7. Perdue Farms
Perdue Farms, a major poultry producer, has also started to explore plant-based protein alternatives. The company launched its own line of plant-based products under the brand name Perdue Farms Harvestland. Perdue Farms is looking to diversify its product offerings to meet the growing demand for plant-based proteins.
8. Pilgrim’s Pride
Pilgrim’s Pride, a leading chicken producer, has recently announced its entry into the plant-based protein market. The company has launched its own line of plant-based products under the brand name Green Cuisine. Pilgrim’s Pride is looking to capitalize on the increasing popularity of plant-based proteins among consumers.
9. Maple Leaf Foods
Maple Leaf Foods, a Canadian meat company, has been actively expanding its plant-based protein offerings. The company acquired plant-based protein company Lightlife Foods in 2017, allowing it to offer a wide range of plant-based products. Maple Leaf Foods is committed to sustainability and meeting the changing needs of consumers.
10. Conagra Brands
Conagra Brands, a major food company, has also recognized the potential of plant-based proteins. The company has introduced plant-based products under its Gardein brand, offering a variety of plant-based meat alternatives. Conagra Brands is looking to cater to the growing demand for plant-based protein products.
