Food and drink giant PepsiCo and alternative-meat manufacturer Beyond Meat have formed a joint venture to develop and produce plant-based snacks and beverages.

The two Nasdaq-listed businesses, both headquartered in the US, have created The Planet Partnership. No financial terms nor the investment split was revealed in a short statement announcing the venture today (26 January).

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products,” Ram Krishnan, PepsiCo’s global chief commercial officer, said.

"Beyond Meat is a cutting-edge innovator in this rapidly-growing category, and we look forward to combining their unparalleled expertise with our world-class capabilities in brand-building, consumer insights and distribution to deliver exciting new options."

Beyond Meat, based in California, is the owner of the Beyond Burger and Beyond Sausage, as well as other meat-alternative products, sold in the US and international markets, including Europe and Asia.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Beyond Meat's founder and CEO Ethan Brown added: "We are thrilled to formally join forces with PepsiCo in The Planet Partnership, a joint venture that unites the tremendous depth and breadth of their distribution and marketing capabilities with our leading innovation in plant-based protein. We look forward to together unlocking new categories and product lines that will inspire positive choices for both people and planet."

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now