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Stock impact report

Wave of New Plant-Based Protein Products Hitting Chain Restaurants Around the World

Oatly Group AB - American Depositary Shares (OTLY) 
Company Research Source: PR Newswire
VANCOUVER, BC, Oct. 13, 2021 /PRNewswire/ -- USA News Group - New options for plant-based proteins and meat alternatives are sprouting up in restaurants and grocery stores around the globe. According to a recent NY Times piece, these include multi-billion dollar chain Peet's Coffee adding a mung-bean based vegan breakfast sandwich to its menu, soft-serve shop 16 Handles, collaborating with Oatly Group AB (NASDAQ:OTLY), and Panda Express adding a faux chicken item from Beyond Meat (NASDAQ:BYND) to its menu. In order to meet this increasing demand, many will be turning to the innovators in the space, including Oatly and Beyond, as well as non-allergenic, textured hemp protein experts Nepra Foods (CSE:NPRA), SunOpta Inc. (NASDAQ:STKL) (TSX:SOY) and animal-free chicken fat makers MeaTech 3D Ltd. (NASDAQ:MITC). Following a successful IPO, David Woods, CEO of Nepra Foods' (CSE:NPRA) put out an open letter to shareholders praising the industry's "favorable tailwinds" that led to his company' Show less Read more
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