News

Plant-Based Acquisitions Quadrupled in 2017

Companies such as Nestlé, Maple Leaf Foods, and General Mills continue to diversify their portfolios with profitable plant-based brands.

According to industry outlet FoodBev Media, the number of plant-based acquisitions quadrupled in 2017. A total of 727 transactions were registered with mergers and acquisitions database bevblog.net last year—a 40-percent increase since 2012. Acquisitions of plant-based companies increased from just four in 2016 to 17 in 2017—placing the category in the top 15 sector of such transactions and putting it ahead of the bottled water category that held that spot last year. In 2017, several large corporations acquired plant-based brands in an effort to capitalize on new consumer habits. International brand Otsuka acquired vegan cheese company Daiya Foods for $325.5 million in July, while Nestlé acquired meatless brand Sweet Earth Foods for an undisclosed amount in September. Canadian meat brand Maple Leaf Foods also made two plant-based acquisitions in 2017: meat alternative LightLife Foods for $140 million in February and vegan brand Field Roast Grain Meat Company for $120 million in December.

More News

Ben & Jerry's Hosts Vegan Ice Cream Parties Across US

The iconic ice cream brand is scooping its dairy-free flavors in Washington DC, New York, Los Angeles, San Francisco, and beyond.
Read More »

Groundbreaking Vegan Film Dominion Announces US Debut

The film—regarded as Australia's version of influential vegan documentary Earthlings—will be screened at the upcoming Animal Rights National Conference in Los Angeles this summer.
Read More »

Avengers Star Benedict Cumberbatch Goes Vegan

The British actor discussed his commitment to veganism in interviews promoting the new Avengers: Infinity War film.
Read More »

Dubai Dairy Brand Launches Vegan Milk Line

Koita Foods, which distributes its dairy products to the Ritz Carlton hotel, will now offer a dairy-free line made with almonds, oats, soy, and rice.
Read More »

Vegan Fish Steaks Launch at 150 British Pubs

Fish Steaks made by VBites—a vegan brand founded by vegan athlete Heather Mills in 1993—are now on the menu as vegan Fish and Chips at Greene King Flaming Grill.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »