Ocean Hugger Foods, a New York City-based manufacturer of plant-based alternatives to tuna and eel, that closed its doors in June when its foodservice-focused sales faltered amid restaurant closures is working on its second act.
Archer Daniels Midland Co. and Marfrig received regulatory approval for its PlantPlus Foods joint venture. It will offer a range of finished plant-based food products across North America and South America. Marfrig is a beef and beef patty producer that owns 70% of the PlantPlus Foods joint venture and will be responsible for finished product production and distribution, utilizing its facilities in South America, mainly in Várzea Grande, in the Brazilian state of Mato Grosso, and its facilities in the United States.
The hunger crisis in America is growing at an alarming rate with Feeding America estimating that 1 in 6 people could face hunger in 2020. Feeding America member food banks are struggling to keep up with demand as food bank visitors increase by an average of around 60% and charitable donations have sunk to Great Recession lows.
Farm-raised animals and staple crops have long been the go-to sources of protein for pet food formulators. Chicken, beef, lamb, salmon and even turkey, as well as legumes, pulses and soybeans are familiar ingredients and tolerated by most pets. However, some cats and dogs have allergies and sensitivities, requiring special diets and often alternative sources of quality protein. There are other reasons pet owners may seek out foods that include alternative proteins, including environmental platforms and personal preferences.