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Corbion also operates lactic acid production facilities in the Netherlands, Brazil, Spain and Thailand, and early last year announced plans to build a new lactic acid plant at its existing site in Rayong Province, Thailand, to help meet global demand.

Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, announced that it has completed an investment in Above Food Inc.

Vestar Capital Partners, a US middle-market private equity firm, announced that it has made a majority growth investment into Dr. Praeger's Sensible Foods, a fast-growing brand specializing in nutritious plant-based frozen and refrigerated foods made from simple ingredients. Terms of the transaction were not disclosed.

Wind Point Partners and portfolio company Tropicale Foods, a manufacturer of authentic Hispanic-inspired frozen novelty products under the Helados Mexico brand, announced the acquisition of Paleteria La Michoacana (“PLM”), a portfolio company of Canum Capital Partners and Greyrock Capital Group.

Beyond Meat, Inc. announced its plans to enter a 12-year lease in a new, nearly 300,000 square foot space at 888 N. Douglas St.in El Segundo, Calif. The building is currently under development by Hackman Capital Partners with anticipated completion in spring 2021.

Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, today announces the expansion of its DOLCIA PRIMA® Allulose portfolio with a crystalline form certified as “Non-GMO Project Verified.” This provides manufacturers with the opportunity to increase the number of retail products bearing the Non-GMO Project Verified label and certification.

Olam Food Ingredients, the new operating group created after the reorganization within Olam International Limited earlier this year, is expanding its Spices portfolio to meet the rising demand for bold, authentic flavors with the acquisition of one of the world’s leading suppliers of premium green chiles, jalapeños and enchilada sauces.

Organic Garage Ltd., announced that it has entered into a binding letter of intent to acquire all of the issued and outstanding securities of The Future of Cheese Company Corp., a private Canada corporation. FoC is a Toronto, Ontario based organic, vegan premium plant-based company in the business of developing, manufacturing and marketing plant-based cheeses and plant-based cheese products.

Americans are drinking less milk. Milk consumption has dropped by 40% since 1975 and the trend is accelerating as more people embrace plant-based milk alternatives such as oat, almond, rice, and coconut milk. According to the USDA annual milk consumption data, in 2018, the average person in the US consumed 146lb (17 gallons) of milk, down from 247lb (almost 29 gallons) in 1975.