Investor appetite for alternative proteins continues to grow amid a period marked by health and environmental crises, signaling sustained interest in planet-friendly alternatives
March 15, 2022
As global efforts ramp up to mitigate the climate crisis, address land and water issues, and prevent the next pandemic, the sustained interest in alternative proteins signals a growing appetite for planet-friendly investments with returns beyond the bottom line.
Trying to capture the fast-moving plant- and cell-based meat industry is something akin to taking a picture with an old Polaroid instant film camera. It’s only a very quick, momentary snapshot in time while the subject continues to change.
In a recent report published by market research firm Packaged Facts, “Dairy & Egg Alternatives: Outlook for Plant-Based & Cell-Cultured Consumer Products,” it was forecast that sales of plant-based dairy and egg products will continue to rise at an average annual rate of 6.0%, reaching $5.2 billion by 2024.
New partnership agreement begins with a landmark production run of a product containing cultivated meat
October 21, 2021
Mission Barns cultivates its fat using a patented process to grow real animal cells without the animal. This process allows for the efficient production of meat in a far more sustainable and climate-friendly way than conventional animal agriculture.
The move signifies that the company is now ready for business with its first consumer product: chicken
May 17, 2021
Memphis Meats, a company operating in cell-cultured meat, poultry and seafood (also known as cultured meat) became UPSIDE Foods. The move signifies that the company is now ready for business with its first consumer product: chicken.
Move will accelerate market development strategy for cell-cultured seafood in Asia
April 29, 2021
BlueNalu, an innovative food company developing a variety of seafood products directly from fish cells, announced the signing of Memorandums of Understanding (MOU) with two leading seafood providers in Asia — Thai Union, a global seafood producer with branded products sold worldwide and a dedication to sustainability and innovation, headquartered in Thailand, and Mitsubishi Corporation, a globally integrated business enterprise, headquartered in Japan, with a network of around 1,700 group companies across 90 countries.
The proof-of-concept incorporates real muscle, fat, and vascular-like system similar to a ribeye from a slaughtered cow, in strategy to build a diverse portfolio of cultivated meat cuts of any dimension
February 10, 2021
Aleph Farms Ltd. and its research partner at the Faculty of Biomedical Engineering at the Technion – Israel Institute of Technology, cultivated a slaughter-free ribeye steak, using three-dimensional (3D) bioprinting technology and natural building blocks of meat – real cow cells, without genetic engineering and immortalization.
Financing will enable completion of world’s first commercial pilot facility for producing cell-based seafood, and support plans for market launch in late 2021
January 20, 2021
BlueNalu, an innovative food company producing a variety of seafood products directly from fish cells, today announced the closing of $60 million in debt financing from new and existing investors. This marks the largest financing to date in the cell-based seafood industry worldwide. Previously, BlueNalu announced completion of its Series A round of $20 million in early 2020, and its Series Seed round of $4.5 million in early 2018.
There are two overarching trends greeting us as we enter the third decade of the 21st century. The first is a hyper-awareness of the foods and beverages we consume that surpasses anything preceding or predicted. The other is the synergy between food makers and consumer demands ignited by this awareness.
Food and beverage companies continue to invest in plant-based food product development
December 2, 2020
Food and beverage companies nationwide are increasingly investing in plant-based meat alternatives to satiate growing consumer demand for protein not sourced from animals. But who exactly are the primary consumers of such products?