Eat Just has contacted vegconomist to say the company has signed a $100M+ agreement with a consortium led by Proterra Asia, to meet demand for its mung bean-based JUST Egg in Asia. The San Francisco-based start-up makes a mung bean-based egg substitute that comes in bottles and looks like beaten fresh eggs. Just (FKA: Hampton Creek) manufactures and markets plant-based food products. Awarded Best New Frozen Product at It's toaster-ready, packed with 7g of clean, sustainable protein, and free of cholesterol. The company, once known as Hampton Creek, was the subject of regulatory inquiries into its practice of buying back products from stores, though no wrongdoing was found. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Champagne Recommendations - Brilliance From Billecart Salmon And Taittinger. Beyond Meat Inc. shares have more than doubled this year, and Tattooed Chef Inc., a maker of plant-based foods that went public through a SPAC merger, has gained about 88%. The packaging for the new frozen JUST Egg follows the company’s now familiar labeling strategy. © 2020 Forbes Media LLC. Eggs are a key ingredient and one of the diet’s primary sources of protein. The company offers its scrambled egg product and a folded egg. There are 3 grams of fat (1.5 g saturated) in one whole egg. Eggs stimulate weight loss. Sales of meat and dairy alternatives in the EU and U.K. are expected to grow by about 10% a … Place a lid on the skillet and let cook for 4 minutes. Tastes great on its own with a dash of hot sauce, or tucked into your breakfast sandwiches. Hen’s eggs are notoriously high in cholesterol. Just aims to build a food system "that makes it really easy for people to eat well." The egg diet can be considered two things: either a diet of pretty much only eggs or a more liberalized low carbohydrate high protein diet that incorporates eggs as a primary protein source. “As a high-growth company focused on expanding Just Egg sales and capacity expansion needs, we are always evaluating sources of capital to achieve our mission to build a healthier, safer food system,” Andrew Noyes, a spokesman for the San Francisco-based company, said in a statement to Bloomberg News. My story on cultured meat, Please Don't Call This Cultured Nugget 'Lab Meat' for Popular Mechanics, won the 2020 ASJA award in the Food & Beverage category. Eat Just is led by co-founder and Chief Executive Officer Josh Tetrick. This diet plan is naturally low in calories and high in protein which is a similar concept to many other diets. The egg diet is a high protein low carbohydrate and low calorie diet that may help some people lose weight. Since JUST Egg is cholesterol-free, it’s touted to be a healthier alternative to eggs. The boiled-egg diet is a fad diet that requires eating only eggs, some fruit, nonstarchy vegetables, lean protein, and some fat, and it promises to help … Prior to the purchase, Eat JUST had partnered with Del Dee on efforts to scale up the company’s patented protein extraction process. Enter the JUST Egg-a mung-bean based liquid egg substitute with a mostly similar nutrition profile-varying mostly in sodium, saturated fat, and cholesterol content. In Dece… Almost one year later, the company says JUST Egg has now become the number one liquid egg product, at least based on average sales per week and per store selling the product compiled from point-of-sale data from retail insights provider IRI. In February 2019, the company said point-of-sale data showed that sales of the liquid plant-based egg accounted for 30% of purchased units in the U.S. liquid egg category, with 3 million bottles alone sold by that same time. JUST Egg in a sandwich with jalapeños, sauce and cheese. I’m a food and agriculture journalist whose work has appeared in The Washington Post, Popular Mechanics, OneZero, New York Magazine, Slate, Mental Floss and SELF. For comparison, a single extra large egg typically has about 80 calories, 7 grams of protein, 5 grams of fat (1.5 grams of saturated fat) and 186 mg of cholesterol, which is 62% of your recommended daily cholesterol intake. ... to bring JUST Egg … Though I grew up in Northern California, not too far from the farms of the Salinas Valley “Salad Bowl,” I now live in Washington, D.C. with my husband and two kids. It develops and markets plant-based alternatives to conventionally-produced egg products. Immediately pour JUST Egg into the hole of the bread and fill it about 2/3 of the way full. However, if you are still concerned about the levels of cholesterol in eggs, it's easy to make the switch to all whites. Mung bean is the main ingredient, though onion is … You may opt-out by. Sancerre - The World’s Greatest White Wine? I've been covering the intersection of technology and food since 2015, from cutting edge cattle feedlots to new future foods like plant-based and cultured meat. Read more: A Fake-Egg Maker Pitches Safety to Its Niche of Fans in China. Your "good" cholesterol will likely raise if you eat eggs most days. Eat Just, last valued at $1.2 billion, has raised more than $300 million in funding from investors including Khosla Ventures. I cover the intersection of technology, farming and food. In a makeshift basement office in San Francisco, 15 hours behind, Josh Tetrick, the chief executive officer of egg-substitute maker Eat Just Inc., watched via … To date, Eat Just has sold the plant-based equivalent of more than 60 million eggs, saving 2.2 billion gallons of water, 8.7 million kg of CO2e and 14 million square meters of land. Eat Just said this week that it plans to build and operate its first plant protein facility in Singapore, with investment from a group led by Proterra Investment Partners Asia Pte. Terms haven’t been finalized. Read: Eat Just, Maker of Plant-Based Eggs, Eyes $2 Billion Valuation. Similarly to Beyond Meat and Impossible Foods, Just Egg is composed of plant-based proteins. Eating close to 6 eggs in a day! Ant Turning From Windfall to Nightmare for Global Investors, China Tells Ant to Return to Its Payment Roots, Places Curbs, Alibaba Probe Stirs Global Worry on What’s Next for Chinese Tech, U.K. Its flagship product is plant-based scrambled eggs. Eating egg white may trigger allergic reactions causing symptoms such as rashes, swelling, nausea, diarrhea, vomiting, wheezing, coughing, … According to a survey it conducted of 1,000 of its customers, 72% said they would try the frozen plant-based egg for lunch and 66% said they would eat it for dinner. Sounds like a meal plan for a person prepping for some serious athletic competition. Plant-based food companies are benefiting from changing consumer habits as institutional investors seek to make bets on companies that satisfy environmental, social and governance targets. Poised to Clear Astra Shot as Need for Vaccines Grows, S&P 500 Climbs to Record as Investors Cheer Aid: Markets Wrap. Proteins are the main … Each folded plant-based egg in the pack has 7 grams of protein, 7 grams of fat (0.5 grams saturated fat) and 100 calories, but no cholesterol. In the price category, Eat Just aims to eventually offer JUST Egg at a price lower than the average price of a chicken egg—which is currently 8.6 cents per egg. A whole egg has 70 calories. As of August, the company had sold the … He declined to comment on fundraising details. Made entirely from plants, it's packed with clean, sustainable protein, and scrambles and tastes like eggs. “We’ll keep making JUST Egg tastier, more functional and enjoyable for omnivores, plant-based eaters and everyone in between,” said Chef Chris Jones, vice president of product development at Eat JUST. Previously known as Hampton Creek and Just, Inc. before changing its name to Eat JUST in October 2019, the company also announced that it will be releasing a new formulation of its liquid plant-based egg in May of this year, promising that consumers will find the taste “cleaner, creamier and more egg-like than many chicken eggs.” It will also be $3 cheaper than the original, retailing at $4.99 rather than $7.99 when it hits shelves in May. You must consume 1 tablespoon (15 grams) of butter or healthy fat per egg consumed. That mix could then help make market-ready cultured meat a bit more feasible, primarily by lowering the cost and streamlining the production process. Read more: The Vegan Economy -- a QuickTake explainer, San Francisco-based company was last valued at $1.2 billion, Startup is seeking to become profitable before going public. Eat Just Inc., a startup that makes plant-based eggs, is seeking funding in what may be its last capital raising before an initial public offering, according to people with knowledge of the matter. The company says the new product will be available for purchase beginning in April at Whole Foods and other select grocery stores. For now, however, the company’s primary focus is the JUST Egg. I had quiche for both breakfast and lunch but for dinner, I didn't have eggs. Or chop it up for topping noodles and stir-fries. In recipes, egg whites can be swapped out for whole eggs by using two egg whites for every one whole egg called for. Just products are sold mainly through national and local grocery stores. You must eat a whole egg … Flip and cook, uncovered, for another few minutes until the egg is cooked through and the bread is lightly toasted. It is further announced that Eat Just and Proterra are also in discussions to focus as an alliance on the commercial production of cultured meat. The mung bean-based product can be cooked in a skillet, oven or a regular toaster. Let’s Refocus Agri-Food Tech To Solve Today’s Critical Problems, Adapt Or Die: Molson Coors Turns To Partnerships, Non-Alcoholic Beverages For Growth, Brewers, Winemakers And Distillers Have A Little-Known Reason To Cheer Federal Covid Relief, New Napa Treasures From Cuvaison And Brandlin, Consumer Companies Are Accelerating Investments In Regenerative Agriculture To Combat Climate Change, Autonomous Food Delivery Predictions For 2021 And Beyond, A Grocery Revival? Josh Tetrick, cofounder and CEO, said “2020 is the year that our work to build a world-class technology platform and compelling brand is being realized.” Their continued work on scaling the process for extracting and isolating the protein from the mung bean could also impact the future of their anticipated cultured meat product, as Tetrick has said that the company’s first cultured meat offering could be a mix of cultivated meat, that is, meat grown from cells rather than a slaughtered animal, and plant-based protein like the mung bean. Founded in 2011, Eat Just makes a mung bean-based egg substitute under the brand Just Egg that comes in bottles and looks like beaten fresh eggs. Eat Just, which does business as Just and also makes products like eggless mayonnaise, is working toward achieving operating profitability, Noyes said. You can find me on Twitter at @jennysplitter. Have a confidential tip for our reporters? Healthy people can eat seven eggs weekly without much of a change in their cholesterol levels. Since it launched in the U.S. roughly 90 days ago, JUST’s folded plant-based egg has usurped waffles as the bestselling frozen breakfast food at a top-five retailer. point-of-sale data showed that sales of the liquid plant-based egg accounted for 30% of purchased units in the U.S. liquid egg category. JUST Egg is a vegan egg substitute made from mung beans. I also cover climate change, food and agriculture policy and sustainability in agricultural and food technologies. I've. And while we aren't overly concerned with the dietary cholesterol content of eggs at EatingWell, it doesn't hurt that JUST Egg … Plant-based, Egg-Free and Dairy-Free Scrambled Egg Mix Tastes Just Like Eggs After years of development by Michelin-starred chefs and world-class product developers, the JUST Egg is here. All Rights Reserved, This is a BETA experience. Eat JUST is a plant-based food company, like Beyond Meat and Impossible Foods, that produces alternative mayonnaise, dressings, meat and more. While high levels of LDL or "bad" … Most frozen food sales are for full entrees, however, but breakfast is a rapidly growing category within that field. The frozen foods industry is a $57 billion a year industry, so it’s not surprising that Eat JUST would be pursuing this new market. Most prominently displayed is the brand name JUST and the name of the animal protein it’s mimicking—egg, in this case—while the top of the package reads in smaller but bolded words, “Made from plants,” and, italicized, “(not chickens).”. Opinions expressed by Forbes Contributors are their own. The company’s new product announcement comes just one month after its purchase of Del Dee Foods, a 30,000-square-foot food processing facility located in Appleton, Minnesota. As of August, the company had sold the equivalent of more than 50 million eggs, its website shows, up from roughly 40 million cited in a Bloomberg Businessweek feature published in June. One egg contains over 200 mg of cholesterol, or about 70% of the FDA’s recommended daily value (DV) limit. If you take your eggs scrambled, you’re in luck. The Just Egg maker is working with an adviser to raise at least $200 million in a transaction that may value the company at $2 billion or more, said one of the people, who requested anonymity because the talks are private. The liquid egg has been a strong seller for the company since its release. One whole egg contains 6 grams of protein. Photo by Eat JUST, Inc. Eat Just, Inc. is a private company headquartered in San Francisco, California. It comes in a liquid form, so it’s sold in the refrigerated section next to liquid eggs. Whole eggs — yolks and whites — are the main source of fat and protein. It raised about $120 million in early venture capital and became a unicornin 2016 by surpassing a $1 billion valuation. I didn't have time to prep … JUST has sealed a deal with national foodservice distributor Michael Foods, which will be the exclusive manufacturer and distributor of the final plant-based egg products to … High in Quality Protein, With All the Essential Amino Acids in the Right Ratios. Top Food And Beverage Trends For 2021, The Top 10 Trends In Plant-Based Food In 2020—And Where We’re Going In 2021. The company is also hoping the new product will catch on as more than just a breakfast option. Eggs provide a feeling of satiety, so they are a perfect solution for your … Eat Just was founded in 2011 by Josh Tetrick and Josh Balk. The boiled egg diet has several versions, and one of them looks like a recipe for self-destruction - where you're supposed to have boiled eggs for all your meals! It has been involved in several highly-publicized disputes with traditional egg industry interests but has also partnered with them to produce and sell products. Earlier this year, Eat Just made progress toward its goal by slashing the price of JUST Egg by 35 percent. Once it hits that milestone, it will then consider options for going public. Eat JUST, Inc., the company behind plant-based mayo and ranch salad dressing, announced this morning that it will be releasing a new iteration of its JUST egg … I’m a food and agriculture journalist whose work has appeared in The Washington Post, Popular Mechanics, OneZero, New York Magazine, Slate, Mental Floss and SELF. Before it's here, it's on the Bloomberg Terminal. 62% of your recommended daily cholesterol intake. 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