- Feel Foods (FEEL) has created a new formulation for its ‘Feel Sweets’ gummy candy line
- The new line of candies will offer keto-friendly, plant-based gummies across North America
- The ‘Feel Sweets’ candies are scheduled to be sent out for testing and eventual distribution in Canada and the United States
- Feel Foods is an agri-food holdings company focused on innovative products and technologies in the food services industry
- Feel Foods (FEEL) is steady, trading at $0.18 per share
Feel Foods (FEEL) has created a new formulation for its ‘Feel Sweets’ gummy candy line.
The new line of candies will offer keto-friendly, plant-based gummies across North America as the vegan confectionary market continues to explode in popularity.
In 2020, the confectionary industry in the United States was estimated to be worth nearly US$25.27 billion, driving the North American confectionary market.
The global vegan confectionery market size was valued at US$816.0 million in 2019 and is expected to grow at a compound annual growth rate of 11.8 per cent from 2020 to 2027, according to Grandview market research.
The ‘Feel Sweets’ candies are scheduled to be sent out for testing and go into the growing distribution network as well as online in Canada and the United States.
David Greenway, CEO of Feel Foods, commented on the new product.
“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,” he said.
“With the growing demand for our plant-based meat and cheese products,” added Mr. Greenway, “we are excited to bring yet another product to market to continue to fill the shopping cart ahead of our imminent e-commerce launch.”
Feel Foods is an agri-food holdings company focused on innovative products and technologies in the food services industry. Its subsidiaries include the Black Sheep Vegan Cheeze Company and the Be Good Plant-based Foods line of plant-based chicken, pork and beef products.
Feel Foods (FEEL) is steady, trading at $0.18 per share as of 10:24 am ET.
