Tyson Announces Animal-Free Products Coming in 2019
Source: Good Food Institute
On Tyson’s quarterly earnings call, Tyson CEO Noel White announced that Tyson will be launching its own animal-free protein products before the end of the year. Yes, the largest meat producer in the United States—and second largest in the world—is developing “great tasting protein alternatives that are more accessible for everyone.” Tyson will announce more details in the coming weeks. White said after the call, “What I was signaling today is that it is coming. And we will do it in a significant way.” Among industry incumbents, Tyson has been a vanguard in embracing opportunities in the exploding plant-based market sector. (U.S. retail sales of plant-based meats grew 23% last year.) Their venture capital arm, Tyson Ventures, has invested in Beyond Meat twice and in cell-based meat companies Memphis Meats and Future Meat Technologies.