Feel Foods Introducing Plant-Based Gummies Under ‘Feel Sweets’ Brand
Feel Foods Ltd. (CSE: FEEL, OTC: FLLLF) has launched its new 'Feel Sweets' keto-friendly, plant-based gummy candy line, catering to the growing vegan confectionery market in North America. This follows the company’s existing success in plant-based meats and cheeses. The North American confectionery market was valued at approximately USD 25.27 billion in 2020, with a projected growth of 1.9% CAGR from 2022 to 2027. Additionally, the vegan confectionery market is anticipated to grow at a CAGR of 11.8% through 2027, reflecting rising consumer demand for plant-based alternatives.
- Launch of 'Feel Sweets' keto-friendly, plant-based gummy candies.
- Expanding distribution network in Canada and the US.
- Entry into the growing vegan confectionery market, projected growth at 11.8% CAGR.
- None.
VANCOUVER, British Columbia, Nov. 23, 2021 (GLOBE NEWSWIRE) -- FEEL FOODS LTD. ("Feel Foods") (CSE: “FEEL”) (OTC: “FLLLF”) (FSE: “1ZF”) announced today the company has completed its newest formulations for its ‘Feel Sweets’ gummy candy line which will offer keto-friendly, plant-based candies across North America as the vegan confectionery market grows rapidly.
The candies are to be sent out for testing and go into the growing distribution network as well as online in Canada and the United States.
Feel Foods CEO, David Greenway, stated: “Candies, especially gummy type ones, are very popular and Feel Foods is committed to introducing plant-based products that offer a true alternative to regular ones, especially in the high growth rate vegan confectionery market. With the growing demand for our plant-based meat and cheese products, we are excited to bring yet another product to market to continue to fill the shopping cart ahead of our imminent e-commerce launch.”
The North America confectionery market is being driven by the growing USA market. The USA confectionery industry was worth nearly USD 25.27 billion in 2020. The US market is expected to grow at a steady pace in the forecast period of 2022-2027, growing at a CAGR of
“Further, the company would like to thank all of its friends and customers for coming out to the successful two-day PlantedExpo event in Vancouver. The plant-based community bought, and brought home with them, approximately 150 wheels of our Black Sheep Vegan Cheeze products which are now available for purchase on multiple online marketplaces.
“We encourage Feel Foods Investors, Stakeholders and Customers to begin following Black Sheep at Instagram.com/blacksheepvegancheeze and at any participating online marketplaces to try Black Sheep unique products,” said Greenway.
About Feel Foods Ltd.
FEEL is an agri-food holdings company focused on innovative products and technologies in the food services industry including its wholly owned Black Sheep Vegan Cheeze Company, offering a variety of 10 unique vegan dairy substitute products and currently available in over 30 retail locations, its
Company Contact:
Joel T Warawa
Corporate Communications
E-mail: jw@feelfoodsco.com
Corporate Contact:
Website: www.feelfoodsco.com
E-Mail: info@feelfoodsco.com
Instagram: Instagram.com/feelfoodsco
Phone: 604-235-0010
Statistics Reference: * https://www.prnewswire.com/news-releases/global-plant-based-food-market-report-2020-2027-rising-industry-concentration-with-growth-in-mergers-and-acquisitions-in-the-plant-based-products-space-301268737.html
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future, including with respect to: the entry of the Consulting Agreements, the completion of the Acquisition and the acceptance of the Acquisition and terms thereof by the CSE. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: the unknown magnitude and duration of the effects of the COVID-19 pandemic, the inability of Feel Foods to close the Acquisition and other risks that are customary to transactions of this nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Feel Foods undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
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