OTLY - Top Ways to Trade a Potential $74.2 Billion Plant Based Opportunity
The plant-based product boom is sprouting. According to a report from Meticulous Research, the plant-based food market could be worth $74.2 billion by 2027, growing at a CAGR of 11.9%. “The growth in this market is mainly attributed to the increasing incidence of intolerance for animal proteins, nutritional benefits offered by plant-based food, increasing vegan population, and venture investments in plant-based food.” Even better, “Food-related consumer habits often come and go as fads, but plant-based alternatives are here to stay – and grow,” BI’s Senior Consumer Staples Analyst Jennifer Bartashus said as quoted by The Beet. “The expanding set of product options in the plant-based industry is contributing to plant alternatives becoming a long-term option for consumers around the world.” That could all be beneficial for Komo Plant Based Foods (CSE:YUM) (OTCQB:KOMOF), Goodfood Market Corp. (TSX:FOOD) (OTC:GDDFF), Oatly Inc. (NASDAQ:OTLY), good natured Products Inc. (TSXV:GDNP)(OTC:SLGBF), and Hain Celestial Group (NASDAQ:HAIN).
Look at Komo Plant Based Foods (CSE:YUM)(OTCQB:KOMOF), For Example
Komo Plant Based Foods Inc. announced that 6 Komo frozen plant-based products have been planogramed on shelf for 33 Loblaws banner Your Independent Grocer (YIG) stores, which include Komo’s Ready-to-Bake Classics and Meal Helpers. Komo’s products are expected to be on the shelves of Loblaws YIGs by March 2022.
Your Independent Grocer stores are vital neighbourhood markets serving communities from capital cities such as Whitehorse, Edmonton and Saskatoon to high-profile, global tourist destinations like Whistler, BC and the Okanagan Valley. The initial 33 locations which will carry Komo products are located in Western Canada. Distribution will be throughout western Canada from Vancouver Island east to Regina, and north through British Columbia and Alberta to Yellowknife in the Yukon. 6 Komo frozen SKU’s are expected to be in the initial 33 locations by this March.
“It’s a huge accomplishment for Komo to launch into a Loblaws’ owned chain within one year of introducing our plant-based brand. Loblaw’s has Canada’s largest and highest volume chain of retailers, its stores reaching 90% of Canadians,” says Komo CEO William White. “We are thrilled to share shelf space with established Loblaw brands on shelves across 3 western Provinces and 2 Northern Territories. We anticipate that this strong Canadian roll out will be replicated in our United States expansion, which is now in progress.”
Other related developments from around the markets include:
Goodfood Market Corp., a leading Canadian online grocery company, delivering fresh meal solutions and grocery items, announced financial results for the first quarter of Fiscal 2022, ended December 4, 2021. “We are pleased with the progress the Goodfood team has made against both the improvement of our near-term operational performance and the execution of our on-demand grocery and meal-solutions rapid delivery growth driver. Comparing our first quarter 2022 financial performance to the fourth quarter 2021 in which we saw for the most part COVID-19 restrictions lifted, net sales of $78 million were stable with close to a million orders delivered in the quarter and positive momentum in order rates and Active Customers (1) versus the summer lows,” said Jonathan Ferrari, Chief Executive Officer of Goodfood. “The quarter saw the beginning of an expected progressive improvement to our Adjusted EBITDA margin (1) compared to fourth quarter of 2021, driven by 110 basis points gross margin improvement against the backdrop of inflationary pressures, as well as an SG&A cost containment effort that led to an 8% reduction in our SG&A spend versus the fourth quarter of 2021. Lastly, we are also pleased with the progress made on our reorganization initiative that once completed will generate $11-$13 million of annualized savings compared to the fourth quarter of 2021.”
Oatly Inc., the world’s original and largest oat drink company, announced a major collaboration with Deutsche Bahn (DB) in Germany : beginning 1 January 2022, the Oatly Barista Edition will be available in the on-board catering of ICE and Intercity trains as the first ever plant-based milk alternative offering for consumers. The Oatly Barista Edition will initially be available with Fairtrade certified filter coffee or Caffè Crema. This will give passengers the opportunity to try a plant-based milk alternative which, on average, have a lower climate impact compared to cow's milk. Oatly and Deutsche Bahn are thus sending an important signal for the urgently needed shift towards a more sustainable, plant-based food system.
good natured Products Inc., a North American leader in plant-based products, announced preliminary revenue and gross margin estimates for the quarter ending December 31, 2021 and for the year ending December 31, 2021. Preliminary revenue for Q4 2021 is anticipated at $21.0 million to $23.0 million, an increase of approximately 300% to 330%, compared to $5.3 million for the three months ended December 31, 2020. Revenue for FY2021 is expected in the range of $59.3 million and $61.3 million, an increase of approximately 255% to 270%, compared to $16.7 million for the twelve-month period ended December 31, 2020.
Hain Celestial Group Inc. reported financial results for the second quarter ended December 31, 2021. Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “Our second quarter results delivered adjusted net sales growth consistent with initial guidance, behind strong U.S. consumption growth, despite industry-wide labor and supply chain challenges. We have utilized aggressive pricing and productivity to offset most of the cost headwinds and have revised guidance to reflect the expectation of accelerating topline growth in the second half of the year and continued elevated supply chain costs and disruptions. We believe that many of these costs will abate over time and remain very focused on our Hain 3.0 strategy as we pivot toward becoming a high growth and highly profitable global health and wellness company.”
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