GLOBAL RESEARCH SYNDICATE
No Result
View All Result
  • Login
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights
No Result
View All Result
globalresearchsyndicate
No Result
View All Result
Home Consumer Research

JBS enters crowded plant-based segment with Ozo brand

globalresearchsyndicate by globalresearchsyndicate
March 7, 2020
in Consumer Research
0
JBS enters crowded plant-based segment with Ozo brand
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Dive Brief:

  • Ozo, a new plant-based protein brand from JBS USA’s division Planterra Foods, will be available in grocery stores across the United States starting in April. The product line includes Burgers, Ground, Mexican-Seasoned Ground and Italian-Style Meatballs.
  • The non-GMO products are made of a blend of pea and rice protein fermented by shiitake mushrooms. They have up to 22 grams of protein per serving and contain less saturated fat than 80% lean ground beef and other leading plant-based protein brands, according to a company statement. JBS said the fermentation process makes the product easily digestible.
  • The company said Ozo’s items are differentiated from competitors because of their taste and ingredients. The release also said more products will be coming before the end of the year. “We recognize there are other protein offerings out there, which is why we’re adamant on having strong points of difference in our products. This category needs better tasting food from real ingredients that appeals to the whole family, and we’re confident that OZO products deliver,” Planterra Foods CEO Darcey Macken said in the release.

Dive Insight:

JBS is one of the last meat giants to get into the plant-based space, but its roots run deep in the food supply chain. This means it will be relatively easy for the Brazilian company that owns U.S. poultry brand Pilgrim’s Pride to get Ozo products onto shelves everywhere, targeting the consumers who are looking for meat alternatives.

However, Ozo and Planterra cloak their affiliation with JBS. One line at the end of the press release briefly mentions the company is owned by JBS, and there’s no mention of JBS on the websites of Planterra or Ozo. Macken told Food Navigator this was so JBS could innovate in this area and take advantage of its existing supply chain and resources — but be separated enough that consumers don’t associate it with the larger company.

Whether JBS’s stealth move into the sector will be successful is up to consumers. Mushrooms, while a popular meat-free ingredient, aren’t in many plant-based burgers. They are a featured ingredient in Hormel’s Applegate Great Organic Blend Burger, which are made of meat blended with the fungus. On its face, the use of mushrooms in Ozo’s plant-based meat will help the new brand stand out — though it’s not clear how mushrooms will affect the taste, texture or appearance of the product.

Ozo will be giving consumers a chance to find out with its planned coast-to-coast tasting tour, starting this spring and lasting until December. The company said it will use this tour to give up to 750,000 consumers a chance to eat its products. This could help convert reluctant consumers. According to a recent study from the International Food Information Council, 51% of consumers still haven’t tried plant-based meat. Bringing it to them for a free taste could reduce barriers to trying products. After all, the same study found that 3 in 10 adults tried plant-based products out of curiosity.

The plant-based meat space is incredibly lucrative and has great growth potential. According to statistics from the Good Food Institute, the category posted $684 million in sales in 2018, increasing 23% from the previous year. There’s lots of room to grow; the segment only represented 1% of all retail meat sales in the U.S.

With its announcement this week, it may look like JBS is behind the curve. After all, segment leaders Impossible Foods and Beyond Meat have had burgers on the U.S. market for years, and Nestlé, Tyson Foods and others have entered the space with their own offerings. But this announcement comes just a week after Cargill, the world’s largest private company with a large presence in both ingredients and traditional meat, announced it was jumping into plant-based protein. Cargill’s products also will appear on shelves and in foodservice next month.

JBS has been in this space in its home country since last year. It debuted a plant-based patty under its Brazilian Seara brand last May. The Incrível Burger is made from soy, wheat, garlic, onions and beetroot, and the company announced in December it was launching an entire line of plant-based products, as well as a global innovation lab.

It’s not clear from the outset how much — if anything — has transferred to the Northern Hemisphere from JBS’s Brazilian innovations and research, though the initial product compositions seem vastly different. However, Brazil is a country known for its beef, and according to statistics from the Organization for Economic Development and Cooperation, Brazil has the sixth highest beef consumption rate per capita in the world. Clearly, JBS has been able to make its plant-based blend work there — and may be able to find similar market success in the United States.

Related Posts

How Machine Learning has impacted Consumer Behaviour and Analysis
Consumer Research

How Machine Learning has impacted Consumer Behaviour and Analysis

January 4, 2024
Market Research The Ultimate Weapon for Business Success
Consumer Research

Market Research: The Ultimate Weapon for Business Success

June 22, 2023
Unveiling the Hidden Power of Market Research A Game Changer
Consumer Research

Unveiling the Hidden Power of Market Research: A Game Changer

June 2, 2023
7 Secrets of Market Research Gurus That Will Blow Your Mind
Consumer Research

7 Secrets of Market Research Gurus That Will Blow Your Mind

May 8, 2023
The Shocking Truth About Market Research Revealed!
Consumer Research

The Shocking Truth About Market Research: Revealed!

April 25, 2023
market research, primary research, secondary research, market research trends, market research news,
Consumer Research

Quantitative vs. Qualitative Research. How to choose the Right Research Method for Your Business Needs

March 14, 2023
Next Post

Water-hammer Arrestor Market Primary Research, Secondary Research, Product Research, Trends and Forecast by 2026

Categories

  • Consumer Research
  • Data Analysis
  • Data Collection
  • Industry Research
  • Latest News
  • Market Insights
  • Marketing Research
  • Survey Research
  • Uncategorized

Recent Posts

  • Ipsos Revolutionizes the Global Market Research Landscape
  • How Machine Learning has impacted Consumer Behaviour and Analysis
  • Market Research: The Ultimate Weapon for Business Success
  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA

Copyright © 2024 Globalresearchsyndicate.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights

Copyright © 2024 Globalresearchsyndicate.com