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Crave: PepsiCo, Beyond Meat in new deal to develop plant-based products | News, Sports, Jobs - Lawrence Journal-World: news, information, headlines and events in Lawrence, Kansas

Dee-Ann Durbin, Associated Press
photo by: Associated Press
In this June 27, 2019, file photo a meatless burger patty called Beyond Burger made by Beyond Meat is displayed at a grocery store in Richmond, Va. (AP Photo/Steve Helber, File)
PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins.
The companies didn’t reveal what kinds of products they will make Tuesday, saying they’re still in development.
But the collaboration sent Beyond Meat’s shares to their largest single-day gain since they began trading in 2019, jumping by more than $62 each to $221. Pepsi’s shares remained flat. ....

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Soft drinks looks outside for expert health & wellness help - comment

In the wake of PepsiCo s tie-up with meat alternatives company Beyond Meat last week, soft drinks commentator Lucy Britner looks at the category s underlying trends in health & wellness and assesses the benefits of tapping up the experts to create the next wave of functional fixes.
Soy-based AdeZ was repositioned as plant-based when launched in the UK three years ago
While plant-based beverages are nothing new, the term has certainly gained traction over the past year, as the pandemic forces consumers to take a closer look at health & wellness, as well as sustainability. Indeed, according to recent research from Mintel, a quarter of young British Millennial consumers (aged 21-30) believe that COVID-19 has made a vegan diet more appealing. ....

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Beyond Meat Strikes Deal with PepsiCo to Produce Plant-Based Snacks

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Beyond Meat Inc and PepsiCo have partnered to produce plant-based snacks and beverages. The deal will give Beyond Meat access to PepsiCo’s distribution channels and allow it to expand its product lines.
PepsiCo’s Chief Commercial Officer Ram Krishnan said that the joint venture dubbed the PLANeT Partnership, “represents an exciting opportunity for us.” He emphasized PepsiCo’s commitment to sustainability and said the venture would allow Pepsi to better cater to consumer demand for more nutritious products. ....

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Greener snacks? PepsiCo and Beyond Meat to collaborate on plant-based snacks

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Date: 27 May 2021 ....

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PepsiCo and Beyond Meat form venture to create plant-based food options

Details
27 January 2021
PepsiCo and Beyond Meat have tied up for a joint venture named The PLANeT Partnership to develop, produce, and market innovative snack and beverage products made from plant-based protein. The joint venture taps on Beyond Meat s technology in plant-based protein development and PepsiCo s marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership.
Beyond Meat s shares reportedly jumped as much as 39% after the announcement of the venture, Bloomberg said. Meanwhile, there was little change to PepsiCo s shares. The joint venture comes amidst PepsiCo s longstanding efforts to help build a more sustainable food system. ....

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