**From Chicken to Chickpeas, and Beyond**
1h ago · 8 sources · M&A
Italy’s plant-based aisle just got a new heavyweight.
Amadori has acquired Unconventional from Granarolo, including the production site in Coriano and the Unconventional 100% Vegetale brand. The deal makes Amadori the third-largest brand in Italy’s plant-based products market, according to Circana.
The timing is not random. Italy’s plant-based sector grew 5.9% in volume in 2025 and is now worth over €208 million. Household penetration sits at 28.7%, based on YouGov Shopper figures. That is not fringe. That is mainstream dinner rotation.
Meanwhile in the United States, Beyond Meat is fighting a different battle. The company swung back to a gross profit of $2 million in the first quarter, versus a gross loss of $6.9 million a year ago, after cutting inventory provisions and manufacturing expenses. Revenues still fell 15.3% to $58.2 million as international fast food customers and US retail and foodservice customers reduced orders. After securing a $550 million debt restructuring and extending repayment on a $1.3 billion accumulated deficit, Beyond Meat is also rebranding to Beyond The Plant Protein Company to broaden its positioning.
Why it matters: Europe’s story looks like steady household adoption and strategic M&A. The US story looks like financial triage and brand repositioning. One market is consolidating around growth. The other is redefining what “plant-based” even means. The next phase may not be about meat alternatives at all, but about owning protein as a bigger, more flexible food category.
Key facts
- Italian agri-food group Amadori acquired Unconventional, a company specialising in vegetable products, from dairy group Granarolo, including the production site in Coriano and the Unconventional 100% Vegetale brand.
- The acquisition positions Amadori as the third-largest brand in the Italian plant-based product market, according to Circana data.
- The Italian plant-based sector grew 5.9% in volume in 2025 and reached a market value of over €208 million.
- Italian household penetration of plant-based products stands at 28.7%, based on YouGov Shopper figures.
- Beyond Meat returned to gross profit of $2 million in the first quarter, compared to a gross loss of $6.9 million a year ago, after cutting inventory provisions and manufacturing expenses.
- Beyond Meat’s revenues fell 15.3% to $58.2 million in the three months to 28 March 2026 as international fast food customers and US retail and foodservice customers reduced orders.
- Beyond Meat secured a $550 million debt restructuring in 2025 and extended repayment on a $1.3 billion accumulated deficit to support a return to sustainable operations.
- Beyond Meat announced it would rename itself Beyond The Plant Protein Company to reposition around protein as a wider food category.
- 5.9%
- €208 million
- 28.7%
- $2 million
- $6.9 million
- 15.3%
- $58.2 million
- $550 million
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