Cargill Inc will launch plant-based hamburger patties and ground 'fake meat...
Demand for meat alternatives has soared as consumers add plant-based protein to their diets for health reasons and out of concern for animal welfare and environmental damage from livestock farming.
Cargill plans to employ its decades-long experience handling ingredients and buying crops to produce private-label products more efficiently than competitors. “We believe we’re uniquely positioned to be very effective and efficient in the supply chain,” said Elizabeth Gutschenritter, managing director of Cargill’s alternative protein team.
Cargill will offer customers soy protein or pea protein-based patties and ground products, which can be made into tacos, spaghetti sauce or other dishes. Retailers will be able to sell the products under their own labels.“On both, we’re competing,” Gutschenritter said.North American pea-protein producer Puris is a supplier to Cargill and Beyond Meat.
“Cargill is a huge organization and so we deal with being both supplier and competitor in a lot of different areas,” she said.Cargill is better known for trading crops like corn and soybeans around the world and supplying ground beef than producing plant-based foods. The company said it has invested $7 billion in animal protein in the last five years. By comparison, investments in alternative proteins are in the “low single digit percentages,” Gutschenritter said.
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