News Release
Sesame Milk Is The New Trend In Plant-Based Milk
MarketJar
The plant-based milk market is currently worth $38.9 billion, making it 7.7 times larger than the market for plant-based meat, and it’s only going to continue growing. In fact, the market is expected to quadruple over the next decade after doubling in the previous five years. According to Data Bridge Market Research, the market is projected to climb at a CAGR of 15.5% to reach a value of $123.2 billion by 2029. One key factor driving market growth is the rising prevalence of dairy intolerance, in fact, more than 70% of the planet is intolerant to dairy proteins. Plant milks provide a product that functions in cooking and coffee like dairy milk, but without the allergenic proteins. Another is a concern for the planet, given the high environmental stress from cultivating and feeding livestock and the ancillary methane/CO2 etc. Although plant milk alternatives like almond milk are still stressful agriculturally on the planet with high water usage and damage to bee populations, new alternatives like sesame milk use 95% less water than almond milk and thrive in arid climates around the globe, from South America to Africa to Asia. Add to that rising consumer awareness of animal health and you can see why the plant-based milk industry is primed to continue experiencing rising success in the coming years. Of course, it remains to be seen which plant-based alternative will hold onto the largest share of the market. Plant-Based Milk Market Constantly Evolving As the market grows and evolves, new plant-based formulations replace old ones as consumer favorites, meaning new products and new companies are consistently entering the market looking to take the top spot. First, soy milk became extremely popular, but it gave way to almond milk. Now oat milk is quickly rising in popularity. Almond milk, which currently holds the majority of the market share, is ripe for disruption. Why? Because it turns out that almond milk isn't good for your health or the environment. It loses grades for sustainability and nutrition...while oat milk doesn’t score much better. You see, even as oat milk gains popularity, a new plant-based milk trend is starting to emerge - sesame milk. Luckily, for environmentally conscious consumers and investors, The Planting Hope Company Inc. (TSXV:MYLK) (OTCQB:MYLKF) is a rapidly growing breakthrough company focused on producing the world's most planet-friendly and nutritious plant-based milk from sesame seeds. Planting Hope has spent more than 5 years developing the world’s first sesame milk, Hope and Sesame® Sesamemilk, levering cutting-edge ingredient formulations and processing technology to create a plant milk that performs like dairy milk in coffee and baking, with equivalent nutrition, including 8 grams of complete protein per serving. Hope and Sesame Sesamemilk has received numerous awards and nominations from groups like Good Housekeeping, the Specialty Coffee Association, and World Plant-Based Foods Expo. Hope and Sesame Sesamemilk is just one of four fast-growing food and beverage brands owned by this company. Planting Hope recently announced the launch of its Hope and Sesame® Sesamemilk line in Canada with Loblaw Companies Limited, Canada's largest grocery retailer. 382 stores across Canada will begin selling Hope and Sesame® Sesamemilk in dual-language packaging that meets Canadian standards in November 2022. Hope and Sesame® Sesamemilk, which is packaged in shelf-stable 946ml (32oz) cartons in three flavours, has been added to the plant milk section in stores (Barista Blend Sesamemilk, Original Sesamemilk, and Unsweetened Original Sesamemilk). “As a plant-based food and beverage company headquartered in Canada and listed on the TSX Venture Exchange, entering with our flagship Hope and Sesame® brand is an important milestone for Planting Hope. Loblaw has always taken an innovative approach to the grocery experience and expects the same from its brand partners,” said Julia Stamberger, CEO and Co-founder of Planting Hope. “Hope and Sesame® has brought important breakthrough innovation to plant-based milk, opening a whole new category, sesame milk, that unlocks the dense nutrition of the extremely sustainable and planet-friendly sesame seed. We’re very excited to bring our innovative Sesamemilk line, in our eye-grabbing, colorful new dual-language packaging, to Canadian consumers with Loblaw.” Planting Hope has committed to releasing the best-selling products under its Hope and Sesame®, MozaicsTM, and RightRice® brands in bilingual packaging that complies with Canadian regulations in the second quarter of 2022. In Q3 2022, the Company began producing these products in Canadian packaging for the first time. Planting Hope will introduce three shelf-stable Hope and Sesame® SKUs (Barista Blend Sesamemilk, Original Sesamemilk, and Unsweetened Original Sesamemilk) in Canadian packaging across 382 stores in the current quarter (Q4), adding 1,146 new Total Distribution Points in Loblaw locations. The Planting Hope Company Expands Distribution The Planting Hope Company has added more than 3,700 new grocery retail doors and more than 9,600 new total distribution points (TDP) in key retailers such as Loblaws, Whole Foods, Sprouts Farmers Market, Safeway, Fresh Thyme Market, and many others since the beginning of 2022. The total grocery retail TDP has surpassed 50,000 placements across product lines and brands. The Planting Hope Company announced in September that its Hope and Sesame® Sesamemilk is now available at Kroger stores nationwide under multiple retailer banners. In addition, the Company added top New York City area food service distributor Baldor Specialty Foods and increased trade and consumer visibility through events, new distribution, and in-store placements. Baldor distributes 6,000 food and beverage items to over 4,600 distribution locations in New York City's five boroughs, including restaurants (including over 70 Michelin-starred restaurants), retail, hospitals, corporate campuses, and schools. In addition, the Company has increased the distribution of its RightRice® brand in over 1,500 locations, including the leading Southeastern US retailer Publix. RightRice products are available nationwide in over 8,000 doors at conventional and natural product retailers such as Kroger, Wegmans, Whole Foods Market, and others. RightRice has also developed a strategic foodservice distribution network through quick service restaurants such as CAVA and menu additions to college/university and business food service operations. Planting Hope reported $3.3 million in revenue in Q2 2022, a 276% increase from $900,000 in Q2 2021 and a 32% increase over Q1 2022 revenues, representing a 22% increase over the entire fiscal year 2021. In Q2 2022, the Company earned $2.5 million in net revenue, a 205% increase from the previous quarter and a 24% increase year over year. The Planting Hope Company Inc. is continuing to execute on its business plan for this year, which includes expanding core products in key channels and establishing new products and distribution to achieve scale in 2023. For more information on The Planting Hope Company (TSXV: MYLK) (OTCQB: MYLKF), please visit this link or their website at https://plantinghopecompany.com. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, The Planting Hope Company Inc. Market Jar Media Inc. has or expects to receive from The Planting Hope Company Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) eighty eight thousand and seven hundred and eighty USD for 25 days (19 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 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Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding The Planting Hope Company Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to The Planting Hope Company Inc.’s industry; (b) market opportunity; (c) The Planting Hope Company Inc.’s business plans and strategies; (d) services that The Planting Hope Company Inc. intends to offer; (e) The Planting Hope Company Inc.s milestone projections and targets; (f) The Planting Hope Company Inc.s expectations regarding receipt of approval for regulatory applications; (g) The Planting Hope Company Inc.s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) The Planting Hope Company Inc.s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute The Planting Hope Company Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) The Planting Hope Company Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) The Planting Hope Company Inc.s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) The Planting Hope Company Inc.s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of The Planting Hope Company Inc.. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) The Planting Hope Company Inc.s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact PThe Planting Hope Company Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing The Planting Hope Company Inc.’s business operations (e) The Planting Hope Company Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, The Planting Hope Company Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does The Planting Hope Company Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither The Planting Hope Company Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of The Planting Hope Company Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of The Planting Hope Company Inc. or such entities and are not necessarily indicative of future performance of The Planting Hope Company Inc. or such entities. Contact Details Market Jar Media Inc. and PressReach James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
November 08, 2022 06:30 AM Pacific Standard Time
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