PepsiCo partners with Beyond Meat to make plant-based products

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The world's leading beverage and food group PepsiCo and artificial meat maker Beyond Meat announced on January 26 to work together to develop plant-based snacks and beverages.

Accordingly, PepsiCo and Beyond Meat will establish a joint venture called "The Planet Partnership" that specializes in foods and beverages made from plant-based protein - the type of product that is the strength of Beyond Meat.

PepsiCo and Beyond Meat will establish a joint venture called "The Planet Partnership" / ph: Beyond Meat

In a joint statement, PepsiCo's Chief Commercial Officer Ram Krishnan said that plant-based protein products are a growth opportunity for the joint venture The Planet Partnership.  The sale of these products is a new step in efforts to build more sustainable food systems.  

Meanwhile, the founder and CEO of Beyond Meat, Ethan Brown said that through working together, both PepsiCo and Beyond Meat want to create new categories and product lines that inspire both people and the planet.  Both sides are expected to take advantage of the experience accumulated in their respective industries.

After announcing the partnership, the share prices of PepsiCo and Beyond Meat both increased, specifically PepsiCo shares rose 1%, Beyond Meat increased 18%.  Both companies posted sales growth over the past year despite the Covid-19 epidemic.

PepsiCo partners with Beyond Meat to make plant-based products

• Topics
• PepsiCo
• Beyond Meat
• plant-based
• tea

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