Nestlé launches plant-based tuna alternative, Vuna7 Sep 2020
Nestlé is taking a dive into the plant-based seafood market with its new faux tuna brand Vuna. The plant-based tuna debuted in Switzerland in August under the company’s Garden Gourmet line where it is available for retail as well as sold in pre-made sandwiches in the deli at select stores.
Future plans to expand the availability of the product in other parts of the world will be announced at a later date.
Nestlé is actively looking to hook consumers that are trending toward plant-alternative products, a category that has only continued to grow despite the difficulties that have beset the food and beverage space in recent months. According to SPINS statistics from April, plant-based product sales grew 35% faster than the food category in general. Overall, the plant-based category was up 27% over 2019. The Swiss food giant has already taken steps to capitalize on the popularity of this category and has alternative burgers, mince meat, sausages and chicken nuggets available on shelves.
This new plant-based tuna is built on a base of pea protein and only has six ingredients: water, pea protein, wheat gluten, rapeseed oil, salt and a blend of natural flavors. It is packaged in glass jars and sold in cold cases, and Nestlé designed the product for use in sandwiches, salads and pizza.
Nutritionally, the product diverges from sea-based tuna. Per 100 grams, Vuna contains 266kcal, 23.4 grams protein and 18.2 grams of fat, 2.4 grams of which is saturated fat. In addition, Nestlé says the product contains all essential amino acids and no artificial colors or preservatives.
It took Nestlé nine months to develop the product and release it onto shelves. Food Navigator reported that Nestlé is already looking into other seafood alternative products, such as fish and shellfish.
Although the company is entering a relatively small segment of the plant-based space - plant-based seafood comprised only 1% of U.S. plant-based meat sales in 2019, according to data from the Good Food Institute - it is one that is expanding quickly. Good Catch, Hooked, New Wave and Prime Roots are all well-known competitors in the space that are receiving institutional funding to widen the gulf between them and newcomers. However, Nestlé has the advantage of deep pockets and well-established distribution channels that it can leverage to ride the wave of this swelling category and catch up.
Chr. Hansen sells natural colors business unit to private equity firm
15 Oct 2020
After considering a sale for several months, Chr. Hansen sold its natural colors business to private equity firm EQT IX for EUR 800 million. The deal is expected to officially close in 2021.Read more
Roquette to open world’s largest pea protein plant in Canada
14 Oct 2020
As the food industry continues to grapple with the fallout from COVID-19, French ingredient manufacture Roquette remains undaunted in its efforts to ramp up production of its pea protein. The company began investing in expanding its production capabili...Read more
Canadian non-alcoholic beer brand raises $4 Million
15 Sep 2020
Canadian non-alcoholic beer brand Partake Brewing raised $4 million in a Series A funding round led by San Francisco-based equity firm CircleUp Growth Partners. Additional participation in the round came from Export Development Canada (EDC), Natural Pr...Read more
French meat producers found to not abide by labeling requirements
15 Sep 2020
More than one-third of French meat producers are not complying with meat labeling and traceability requirements, according to an investigation by the country’s Directorate-General for Competition, Consumer Affairs and Fraud Control (DGCCRF).Read more
Enfamil launches infant formula containing A2 milk proteins
14 Sep 2020
Infant formula brand Enfamil launched a new, FDA-regulated line containing only A2 milk proteins and the omega-3 protein DHA, a key building block in brain and eye development. The A2-only dairy is sourced directly from European cows that naturally pro...Read more
New alternative protein fund raises $23 million in capital
2 Sep 2020
New alternative protein venture capital fund, Lever VC, announced that it has $23 million in commitments. The fund will focus on investing in early stage plant-based and cell-cultivated meat and dairy companies. The company said that it remains open to...Read more
Beyond Meat launches new e-commerce platform
27 Aug 2020
The next battleground for the plant-based protein movement is shaping up to be e-commerce. Today, Beyond Meat announced its very own online shop where consumers can order a variety of Beyond Meat products, including burgers, sausages, crumbles and brea...Read more
Australia’s The Product Makers create gold chocolate using sugar cane extract
13 Aug 2020
Australian ingredients company The Product Makers (TPM) has gone for the gold and isolated a sugarcane extract called Saccharum officinarum to create a golden chocolate. The company says that the extract can be used as a natural colorant but also has p...Read more
California-based New Age Meats raises $2M in seed funding
12 Aug 2020
Cultivated meat company, New Age Meats announced that it raised $2 million in a seed extension round led by the investment firm TechU Ventures. With this supplemental money, the company plans to further expand its R&D, invest in further automation and ...Read more
KFC invests in the future of chicken with bioprinting
11 Aug 2020
Fast food chain KFC is working to produce the world’s first lab-produced, bioprinted chicken nuggets in partnership with Moscow-based 3D Bioprinting Solutions. The restaurant said that it is working toward creating a “restaurant of the future” where th...Read more
Are you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation