Page 9 - 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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