Page 8 - Cubo - Winning In Plant-Based
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                              In many more established food and drink

                              categories, a big vs. small dynamic is                                                               There’s an interesting mix of:

                              clearly playing out with smaller players
                              taking share from the big boys                                                                       •  Genuinely natural brands on the market


                                                                                                                                      (for example Upton’s Naturals who have adopted a

                                                                                                                                      very healthy positioning based around Jackfruit)



          At the moment in this category, with a few notable                                                                       •  Those that have developed products with a view to
          exceptions (e.g. Quorn), there are no serious big                                                                           at least matching the nutritionals of meat

          players. Silicon Valley funding is driving a new breed of                                                                   (e.g. Meatless Farm)
          competitors


                                                                                                                                   •  ‘Silicon Valley’ whizz-kids style approaches using
          At some point we’d expect this to settle, the market will
                                                                                                                                      weird & wonderful processing and biomes to
          need big brands (as we’ll see later), but there will likely be
                                                                                                                                      generate amazing meat substitutes
          space for smaller / newer players who can find and own a
                                                                                                                                      (and being quite proud of this)
          unique position in a fledgling market



          At the conference we heard from several smaller players

          who felt there was ‘room for all’, we weren’t so sure!                                                                                      It’s a hugely wide spectrum, from clean

                                                                                                                                                      label at one end, to ingredient labels that
          Every market matures and whilst there’s always space for                                                                                    require a Food Science and Biology degree
          well designed and targeted niche / craft players, the idea                                                                                  to understand at the other!

          of ‘plenty of room for everyone’ is likely to be something

          that fades, as some of the other factors play-out and the                                                                                   It will be fascinating to see how the
          big boys get more serious!                                                                                                                  consumer market develops to support this…



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