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Danone's New Vegan Brands Drive $760M Profit Spike

The $12.5 billion acquisition of WhiteWave—known for its plant-based brands—proves to be a profitable move for the French yogurt brand.

France-based international dairy company Danone released its third quarter (Q3 2017) earnings report this week which showed a significant increase in profits. The company revealed that it earned $1.5 billion this quarter—a sizeable increase from the $783 million Danone reported in earnings this time last year. The company’s Q3 report credited the growth to its recent $12.5 billion acquisition of WhiteWave—the parent company of vegan brands So Delicious, Silk, Vega, and Alpro. “Plant-based foods and beverages delivered positive growth driven by improved plant-based beverage velocities and a very strong sales performance from Vega and So Delicious frozen desserts,” the report said. “In the United States retail channel, plant-based beverages category growth accelerated in Q3 2017, driven by nut-based beverages.” Danone’s Q3 2017 earnings are consistent with market predictions for the plant-based milk sector, which place the industry at $35 billion by 2024.

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Vegan Egg Just Scramble Expands to Washington DC

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Cultured Koji Dog Food Has More Protein Than Steak

An independent study found that new clean-meat startup Wild Earth's fungus-based companion animal foods contain 45-percent protein by weight—compared to only 24-percent found in steak.
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Vegan Narwhal Ice Cream Debuts for Summer

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New Vegan Grocery Store Opens in North Carolina

In addition to a variety of grocery items, Wilmington's new store UpBeet Market features a vegan jerky tower, beer-filling station, and a variety of dairy-free cheeses.
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800 Sets of Vegan Frosting Sell in 10 Minutes on QVC

Home-shoppers snatch up Dollop Gourmet's vegan frostings made by Cupcake Wars winner and author Heather Saffer.
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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.

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