Category: Alt Protein

  • 12 Mins Read

    I made my first visit to Expo West in 1999. More than two decades later, I take a look back.

    The way things change over time is fascinating. Watch any movie from the 1940s and you may find yourself astounded that people who look not so different from us today, lived completely different lives less than a century ago. For one, they had no cell phones, computers, or electric cars. Back then, the average woman owned only about seven dresses, whereas today, she’s likely to purchase nearly 70 new garments a year.

    The differences are also noticeable in the changes to our food choices. Back then, grapefruits and hard-boiled eggs were mainstays on nearly every breakfast table, lunch was eaten at an Automat, sherry-sipping happened in the late afternoons, and steaks were on most dinner tables.

    These days, breakfast tables are more likely to feature avocado toast or overnight oats (that is if you’re not intermittent fasting). Lunch might be a salad, a wrap, or perhaps, a smoothie. Instead of sherry, you may have a kombucha, or maybe a matcha latte — with oat milk, of course. And while steak is still on (far too many?) dinner tables, healthier fare from kale and quinoa to meat successors like Impossible burgers, or the humble, versatile bean, have become equally, if not more, popular.

    expo selfie
    The author at Expo West in 2019 (left), Michelle Gannon (right) | Jill Ettinger All Rights Reserved

    I was thinking about all of this recently as I reflected back on the spring of 1999, when the Natural Products Expo in Anaheim, Calif., attracted about 31,000 attendees. I was one of them. It was my first trek to the industry trade show (also known as ‘Expo West’ or ‘Expo’). Earlier this month, I made what should have been my 25th visit, but was my 22nd as a result of missing the last three years due to the pandemic.

    Prior to the pandemic (which shut the event down for 2020 and 2021, and has slowed traffic in the last two years to around 65,000 attendees), attendance would tip past 80,000 retailers, brands, press, and more — all consumers at heart — clamoring into the ever-expanding Anaheim Convention Center to taste their way through the endless aisles of food and drink, looking for the next big products destined for a supermarket shelf near you.

    “The energy on the floor this year makes it undeniable that the innovations at Expo West are not only shaping the future or natural and organic but of CPG overall,” Carlotta Mast, Senior Vice President and Market Leader at Informa Markets’ New Hope Network, said in a statement. “The thousands of new products on display are from an increasingly diverse group of founders and serve a diverse consumer base that cares about ingredients, responsible sourcing, and the greater impact their purchases can have.”

    Something for everyone

    The Expo is not unlike a choose-your-own-adventure book. Are you an organic enthusiast? How about gluten-free? Or, maybe, like me, you’re interested in vegan food. There are other noteworthy considerations like regenerative agriculture, B Corporations, or Fair Trade-certified offerings. Maybe it’s not food you come for at all — there are also aisles and aisles filled with body care products, pet products, vitamins, supplements, and so much more.

    In 1999, I attended the event as a grocery buyer for a mid-sized East Coast health food store. While stores have become chains and chains have consolidated into retail empires, grocery buyers are still the holy grail of booth visitors for brands, especially for the young brands spending all of their money to showcase at Expo West, eager to find placement for their new products and, possibly, start a new food revolution as so many have before them. 

    Luna Bar
    Luna Bar | Courtesy

    I wish I could say I remember more of what I saw on the show floor that first year as a retailer. My cell phone didn’t have a camera back then to record all my favorites. I do remember finding a vegan energy bar I was particularly excited about. Those were the days of slimy, congealed Power Bars and the sweet-and-chalky Balance Bars. Clif Bar had created Luna Bar — the nutrition bar designed for women — flipping the script on both the emergent bar category and how to market to untapped demographics. It’s more than 20 years later and I still look at the Lemon Zest bar with the same admiration as I did after my very first bite. This year, though, I looked at the Clif Bar booth a bit wistfully, as the company’s longtime founders recently sold to Mondelez after decades of being proudly independently owned.

    Much of the show’s focus in 1999 was on organic, even though it would be a few more years until the USDA officially launched the National Organic Program. Brands were eager then to talk about how they eschewed synthetic chemicals, espousing the benefits of minimal soil inputs. Today, organic is the label de rigueur for any self-respecting brand. Now, if you really want to stop people in their tracks, regenerative certification is the must-have.

    Kamut was the hot “it” grain back then, finding its way into pasta and cereal, among other products, boasting a better-for-you replacement for conventional wheat. I don’t think I saw one kamut item this year, or in any recent years, for that matter. But I sure saw a lot of oats and chickpeas.

    Hemp was up-and-coming in 1999, but still years away from anything close to going mainstream. Now it’s in everything from soda and soap to supplements and even dog treats.

    Dairy made up as big a chunk of the show back then as it does today, with farmers on hand to talk about how loved and cared for their cows are. In 1999, meat was largely absent from the Expo save for the Ostrim craze (it’s ostrich! And beef! And maybe elk!) and all manner of jerkies, which still permeate the show two decades on. I’m still as skeptical today about both as I was in my 20s. (Maybe even more so as animal agriculture is deeply tied to global emissions, deforestation, and human health issues.)

    Across the show floor on the supplement side, echinacea was peaking in the late ‘90s, as were other herbal mainstays like ginseng, ginkgo, kava kava, and the buzziest of them all, St. John’s Wort. This year was all about gummies, adaptogens, and something that resembled a Starburst fruit chew, but with melatonin instead of gelatin, which I happily downed several hours later as I climbed into bed fried from the day and too exhausted to sleep. I think it helped.

    As I walked the show this year, I was struck by how much had changed and, even more so, just how much hadn’t. 

    Old and new trends

    There were still new energy bars trying to break into the crowded category. This year, it seemed most were aimed at kids. But that could also just be because I now view the show through my mommy goggles. My daughter loved the blueberry-purple carrot snack bar from Yumi that I brought home. Even at age nine, she knows how saturated the category is, telling me, “I didn’t think I would like another kind of bar, but this one was really delicious.” Maybe there’s room for more after all.

    Green drinks and powders always seem to be on the cusp of their big breakthrough at Expo. And even though they’re certainly more popular now than they were nearly 25 years ago, the widespread acceptance brands are always hopeful for every year is somehow perpetually still just out of reach.

    Water is always at the Expo in one form or another. In the early days, after my years in retail, I worked as a broker. One of our favorite clients was an Idaho water brand called Trinity Springs. For years they’d make quite the Expo splash with their phenomenal story, which I committed to memory like the Pledge of Allegiance (ask me!). That booth was always a popular destination until the show banned single-use plastic water bottles. Then came the paper box water that never quite took off. This year, the show was filled with what seems like the only logical workaround: recyclable aluminum cans and bottles. 

    Sparkling Botanicals By Rishi
    Courtesy Sparkling Botanicals By Rishi

    Sparkling water and drinks reigned supreme. My favorite product at the show in any category this year was the delicious Schisandra Berry sparkling water from Rishi’s Sparkling Botanicals. There were loads of other options in the category, including the prebiotic soda cohort that has taken health food stores by storm with their nine-plus grams of fiber per can. (But trust me on the Schisandra.)

    Plant-based then and now

    Then, of course, there were the vegan options. Long gone are the days of Tofurky founder Seth Tibbott sporting his pilgrim costume as he served up his delicious roast. He’s retired now and the company was just recently acquired.

    I don’t think it was that 1999 show, but in one of those early years, I remember the thrill of a brand (maybe Lightlife?) having a hot dog cart on the show floor filled with veggie dogs. That was long before you could get a vegan hot dog at a sports stadium or a vegan burger at a fast food restaurant. I probably visited it five times over the weekend.

    Amy’s Kitchen was absent this year, but for years, decades, really, it had a buffet of tasty options and cushy booth carpeting for tired feet that gave you two reasons to make multiple visits.

    This year saw no shortage of vegan innovations, with Colorado’s Meati causing all kinds of buzz for its minimal ingredient mycelium meat — a far cry from those veggie dogs of years past. The meat was exceptionally juicy, with a dense and chewy texture likely to satisfy die-hard meat-eaters. If you had told me in 1999 I’d still be coming to this trade show 20+ years later and eating mushroom meat on a stick (and taking pictures of it with my phone!), I’d probably have asked you if you’d eaten another kind of mushroom. But here we are. 

    Courtesy Meati Foods

    Meat wasn’t the only place mushrooms made their mark this year, though. The kind folks at Oasis Adaptogens are taking cues from Four Sigmatic and blending mushrooms and other good-for-yous into coffee replacement and a delicious matcha blend. In fact, I think some of those sparkling drinks I loved were filled with mushrooms promising all manner of benefits, too. I can’t help but wonder what Terence McKenna would make of all this mushroom madness. 

    Climax Foods created a buzz with its plant-based take on classic French cheese — a marbled, stinky blue cheese and creamy, soft brie. I wasn’t a big cheese fan before I went vegan — in fact, I rather hated the stuff — but I’m humbled by the vegan cheese evolution. In 1999, the best attempts at vegan cheese were products from Galaxy Foods or Soymage. And, let’s not beat around the bush: they were all awful, waxy, and not anything like cheese. It’s funny to think that I have only become a cheese lover since going vegan when so many people cite cheese as the reason they won’t go vegan.

    There were scores of other innovations from bee-free honey to more plant-based milk, ice cream, yogurt, and so many vegan egg products. It’s exciting and overwhelming; I feel a sense of duty to my 20-year-old new-vegan self to try it all, but with more than 700 vendors boasting vegan options, it’s a feat most impossible.

    Another show favorite is a staple in our house: Gotham Greens. If you haven’t seen this brand yet, you will soon. The company is bringing healthy, local food to urban consumers by growing it in cities, like in its greenhouse located on top of a Brooklyn Whole Foods Market. From fresh produce to the very best vegan pesto you’ll ever have, Gotham Greens is changing the way cities grow and eat vegetables.

    A giant returns

    The biggest thrill this year was seeing Just Ice Tea make its Expo West debut, or rather, its drop-the-mic comeback. The story is documentary-worthy: in 1998, plucky optimists and iced tea lovers Seth Goldman and Barry Nalebuff launch Honest Tea – a ready-to-drink line of iced tea driven by their hankering for a cold tea product that wasn’t as cloyingly sweet as the category leaders Arizona and Snapple.

    They were also activists at heart and wanted to support a brand that spoke to their ethos. (I remember one moving speech by Goldman at Expo East, the autumnal sister event to Expo West, which was held in Washington D.C. for a number of years. He was receiving an award, and during his speech passionately called for the then-named Washington Redskins football team to change their inflammatory, derogatory name. If you don’t follow football, the team did change its name in 2020 to the Washington Commanders. Goldman has always been ahead of his time.)

    Just Ice Tea co-founders Seth Goldman and Spike Mendelsohn
    Just Ice Tea co-founders Seth Goldman (left) and Spike Mendelsohn | Courtesy

    Honest Tea was a huge success, and a decade after Goldman and Nalebuff founded it, the company sold to its largest shareholder, Coca-Cola. The brand chugged along with placement in mainstream retailers and fast-food chains. But as drink preferences changed, the soda giant announced last year that it was going to discontinue the tea line.

    Goldman, who now also serves as Executive Chairman at Beyond Meat, almost immediately announced the tea would return through his Eat the Change snack platform along with Spike Mendelsohn under a new name, Just Ice Tea. Same formulas, same ethos, and nearly the same packaging, but, an even more refreshing sip knowing the brand has its heart and soul restored. (Watch this inspiring video of Goldman and Mendelsohn visiting their tea grower partners in Mozambique.)

    The continuum

    In 1999, I left that first Expo West with a suitcase full of samples and a sense of awe about an industry I had no idea would become such a defining part of my life. This year, I left with another bag of samples (and a bit worried I had caught covid). I also left with the realization that this industry, while it’s bigger than it ever was, is also still as dynamic as it ever was, and will be even long after I’ve made my last Expo visit. Despite the businesses that have gone under, the mergers, the lawsuits, and those dear friends we’ve lost along the way — just like all of us, food changes. It has to.

    New Hope, which produces the event, identified five defining trends to look out for at the show: the intersection of health systems (driven by nurturing microbiomes), delivering on climate commitments, radical transparency, sustainability, and the “subscriptionalization” of everything (think: meal kits).

    “It’s always tempting to zero in on the year’s hottest innovations or the latest go-to ingredients, but it’s important to recognize that these trends are reflections and manifestations of the much broader cultural forces that are truly driving today’s natural products industry,” said Jessica Rubino, Vice President, Content at Informa Markets’ New Hope Network. “These big-picture trends exist on a continuum, and Natural Products Expo West offers a front-row seat to observe their evolution.”

    It’s refreshing to see Rubino remind us that the trends are part of a systemic continuum — as is everything. We need to widen the lens in order to get the clearest view. It’s like that old Chinese proverb that Alan Watts loved to tell. The story is always a work in progress.

    With more than 65,000 attendees, thousands of brands, and new convention center wings to visit, it’s impossible to taste or see everything at a show of this magnitude. The trends (and the trendiest) always bubble up to the surface anyway, making their presence hard to miss. Besides, the more Expos you attend, the more you’ll come to realize that tasting everything isn’t the imperative, it’s catching that glimpse into our ever-evolving food system, and seeing how we’re evolving along with it, that’s the real takeaway.

    The post 1999 To 2023: Expo West Then and Now appeared first on Green Queen.

    This post was originally published on Green Queen.

  • malaysian meal
    3 Mins Read

    Slated to launch in Q4 2024, Cell AgriTech says its first cultivated meat production facility will also be Malaysia’s first.

    Cell AgriTech says it plans to be in full production by spring of 2025, pending regulatory approval for cultivated meat. The company made the factory announcement during the first Malaysia Cultivated Meat Conference held at the Kuala Lumpur Convention Center earlier this month.

    Malaysia’s first cultivated meat facility

    “We are proud to be the first cultivated meat company in the country, bringing a sustainable and delicious alternative to traditional meat products,” said Jason Ng, the founder and manufacturing vice president of the Cell AgriTech group of companies.

    eel
    Photo by David Clode on Unsplash

    Cell Agritech’s focus will be on seafood, with tuna and eel up first. The goal is to achieve price parity with conventional seafood, the company says. The new facility will span three to four acres in size, with a 1,000-liter production volume.

    According to Deputy Science, Technology and Innovation Minister Datuk Arthur Joseph Kurup, who was also present at the conference, the global cultivated meat market is expected to grow from US$176.48 million (RM791.87 million) in 2022, to US$321.71 million (RM1.44 billion) in 2027.

    “The development of cultivated meat technology in Malaysia promises to create job opportunities and revenue while addressing national challenges such as food security, health management, and climate change,” Kurup said.

    Cultivated meat is currently only approved for sale in Singapore, but two U.S. companies, Eat Just’s Good Meat and Upside Foods, have received FDA clearance with “no questions” on their tech.

    Alternative protein across Southeast Asia

    In a post shared on LinkedIn, the Good Food Insitute APAC said the historical development also opens up opportunities for new collaborations across Southeast Asia. That kicked off with Ng announcing that Cell AgriTech will partner with Singapore’s Umami Meats to scale up the production of cultivated seafood.

    fish ball
    Courtesy Umami Meats

    Last year, Umami Meats announced it had produced cultivated fish cakes and filets, following the launch of cultivated fish ball laksa last August. It filed a patent for a novel single-stem cell technology that it says can build both muscle and fat in cultivated seafood.

    Mohd Khairul Fidzal Abdul Razak, CEO of the Bioeconomy Corporation — the lead development agency for the bio-based industry in Malaysia — said that as the global population surpassed 8 billion last November 2022, the cultivated meat industry is “poised to grow substantially.”

    “We believe that the future of meat is cultivated,” Ng said. “We are committed to bringing this innovative and sustainable solution to the meat industry as our focus in the field of cellular agriculture.”

    The post Malaysia Gets Its First Cultivated Meat Facility appeared first on Green Queen.

    This post was originally published on Green Queen.

  • cabbage looper caterpillar

    3 Mins Read

    Spain-based Cocoon Bioscience has closed a €15 million equity funding round to scale its looper moth-based tech, including the development of a new production facility in Spain.

    The new funding for the biotech startup spin-off of biotech company Algenex was led by Columbus Venture Partners and Cleon Capital with participation from Viscofan, and North South Ventures, among others.

    Caterpillar bioreactors

    Cocoon is focused on developing growth factors for cultivated meat and other alternative protein as well as mRNA synthesis and genetic sequencing. It uses looper moth caterpillars to develop its vaccines and growth mediums instead of steel bioreactors. It injects the moth cocoons with the Baculovirus and then encodes it with different information.

    Cocoon Bioscience CEO Josh Robinson
    Cocoon Bioscience CEO Josh Robinson | Courtesy

    “It’s kind of like leveraging cocoons as natural, low-cost bioreactors,” Cocoon Bioscience CEO Josh Robinson told AgFunder News. “When [humans] catch a virus like a flu, we make a bunch of mucus. Similarly, these moths catch this virus Baculovirus and make whatever protein or enzymes are sequenced into that virus,” he says.

    “We have a product, we’re selling it today, we just need to make more of it,” Robinson said. “We’re selling it at a price point that’s already lower than anyone else, and this platform develops new products extremely quickly.

    The new production facility will be located in Bilbao, Spain — about 250 miles north of Madrid — and is slated to be fully operational in 2024.

    “Our proof of concepts, from knowing what we want to make to having a sample ready to test is an 8- to 10-week process.”

    Reducing cultivated meat costs

    Robinson says that growth factors for cultivated meat costs hundreds of dollars for milligrams, but Cocoon’s tech takes away the bioreactor expense.

    GOOD Meat cultivated chicken
    GOOD Meat cultivated chicken | courtesy Eat Just

    But with companies moving away from animal-based growth mediums like fetal bovine serum, time will tell if there’s a market for moth-grown media. It’s not slowing things down for Cocoon, though.

    According to Robinson, 2023 is expected to be a big year for the company including building and completing the industrial-scale manufacturing facility “where we’ll be able to produce kilograms to tens of kilograms of these growth factors as well as these enzymes to meet scaling demand for our current partners and those that have expressed interest in working with us,” he said.

    “Cultivated meat companies need to manufacture whatever meat they’re producing in large-scale bioreactors,” says Robinson. “But the growth factors, those high-value, hero ingredients, have to program the bovine cells to perform the way they need to. Those growth factors are traditionally produced in bioreactors, and it becomes really expensive if you’re doing that in the traditional way.”

    The post Cocoon Bioscience Raises €15 Million for Its Caterpillar Bioreactors appeared first on Green Queen.

  • mccafe
    3 Mins Read

    Following a string of quarterly losses, Sweden-based Oatly has raised $425 million in new funds to continue its expansion, that now includes a deal with McDonald’s.

    In a statement last week, Oatly Group AB said the $425 million comes in a deal with hedge fund Silver Point Capital LP for $125 million in a guaranteed term loan B credit agreement along with the sale of $300 million in convertible notes.

    Advancing Oatly’s mission

    “We’re pleased with the confidence demonstrated by our anchor shareholders and new investors in advancing Oatly’s mission and fueling the tremendous global opportunity ahead for our organization,” Oatly Chief Executive Toni Petersson said in a statement last week.

    Courtesy

    “With our operations better stabilized and business plan now fully funded, we are well-positioned to capitalize on the strong underlying global demand for our products and create significant, long-term value for our shareholders,” he said.

    The news sent Oatly shares up 17 percent to $2.43, Marketwatch reported.

    Oatly x McCafé Austria

    Earlier this week, Oatly announced it had struck a deal with McDonald’s Austria to bring its Oatly Barista Edition to all 800-plus McDonald’s McCafés across the country.

    “We have noticed an increased demand for oat-based dairy alternatives among our guests and responded to that. With addition of Oatly Barista, we can now cater a delicious alternative to the growing number of our guests who prefer oat-based drinks at our McCafé, and at the same time we offer our guests a maximum taste experience,” Tanja Wallner, Marketing Professional McCafé & Breakfast at McDonald’s Austria, said in a statement.

    Courtesy McDonald’s

    The move marks the first oat drink in McCafés in Austria and builds on Oatly’s relationship with the fast-food giant. In 2021 it announced a partnership with McDonald’s in mainland China.

    “We’re excited to partner with McDonald’s Austria and commend their commitment to providing their guests with great-tasting drink options that are better for the planet,” says Roland Griesebner, Country Manager Austria at Oatly. “For Oatly, our partnership with McDonald’s Austria allows us to introduce our best-selling product to a wider audience.”

    McDonald’s Austria was one of the first countries to debut the plant-based McPlant burger. Last summer, McDonald’s rival Burger King made plant-based meat the default at its Austrian location.

    “Meat is one option, but it is not the only one,” Jan-Christoph Küster, marketing director of the TQSR Group, Austrian master franchisee of Burger King, said when the campaign launched last year. “We leave it open to our guests what is normal for them: everyone should have the same taste.”

    The post Oatly Snaps Up $425 Million In Fresh Funds and European McDonald’s Deal appeared first on Green Queen.

    This post was originally published on Green Queen.

  • miyoko's cheese
    3 Mins Read

    Ousted vegan cheesemaker and founder of Miyoko’s Creamery, Miyoko Schinner files countersuit against her former employer.

    Following her dismissal last June and the official public announcement that went viral last month, Miyoko Schinner, founder of vegan dairy brand Miyoko’s Creamery, has filed a countersuit against her former company, alleging that she was forced out after filing multiple HR complaints about recently-hired male executives who “openly denigrated women.”

    Schinner was hit with a lawsuit last month following her departure from the company that she founded in 2014, with claims that the founder was in breach of contract, stole company documents and trade secrets, and misappropriated intellectual property.

    ‘A campaign of mistreating women’

    Schinner’s countersuit was filed last week by The Bloom Firm. The counterclaims follow weeks of the ousted founder sharing videos on social media to publicly deny the accusations made by her former employer and to condemn shifts to the work culture following key hires over the last several years. Her claims include gender discrimination, retaliation, and unlawful use of her likeness on the company website without her consent.

    Miyoko’s cheese | Courtesy

    Schinner claims that following the hire of René Weber as VP of operations at Miyoko’s in 2021, he “immediately began a campaign of mistreating women,” including excluding them from meetings and withholding critical information that Schinner’s countersuit says made it “impossible for her to continue to effectively do her job.” According to the lawsuit, Weber “openly denigrated women, their expertise, and their contributions at Miyoko’s, calling some ‘stupid’ and ‘terrible,’” — terms Schinner says Weber never used about men.

    Schinner claims Weber “mansplained” to her that she did not understand her own products or the company she founded. “In a markedly gendered tone, he described her ideas and ambition as unrealistic, driven by emotion and whim,” reads the countersuit.

    Schinner says she also filed complaints to HR about John Zabrodsky, an operations consultant she says was hired by Miyoko’s at the urging of one of the company’s investors, PowerPlant Partners. Miyoko’s then “swiftly retaliated against [Schinner] by demoting her and then terminating her.”

    The company raised nearly $60 million, including a $52 million Series C funding round in 2021.

    ‘Blindsided’

    The Miyoko’s Creamery board of directors says Schinner’s exit from the company came as she lacked the necessary skills to take the company to the next level as its CEO. Schinner maintains that she was “blindsided” by the lawsuit.

    Explaining the decision to reporters, board member James Joaquin from investor Obvious Ventures said the company was seeking a new CEO with “proven P&L experience who has scaled a larger business.”

    Miyoko Schinner, via Instagram

    According to the court filings, Miyoko’ssenior leadership team brought “multiple concerns” about Schinner to the board and “threatened to quit due to Schinner’s mismanagement.”

    Miyoko’s is being represented by the San Diego law firm Mintz. Company counsel Jennifer Rubin told AgFunder News that while the company cannot comment given the pending lawsuit, as the company’s former CEO, Miyoko Schinner was “responsible for managing all of the organization’s employees, functions, strategies, and operations and, more importantly, providing information necessary to allow the company’s board to fulfill its oversight obligations.”

    The post Miyoko Schinner Countersues Miyoko’s Alleging Sexism Led to Her Dismissal appeared first on Green Queen.

    This post was originally published on Green Queen.

  • good meat

    4 Mins Read

    Good Meat, the cultivated meat division of Bay Area food technology company Eat Just, has received a “no questions” letter from the U.S. Food and Drug Administration for its cultivated chicken.

    The FDA has accepted Eat Just’s conclusion that its first poultry product, cultivated chicken, is safe to eat, clearing a crucial step in bringing GOOD Meat to restaurants and retail in the U.S.

    ‘No questions’

    The “no questions” letter comes as part of one of the agency’s first pre-market consultations for meat, poultry, and seafood made from cells instead of conventionally raised animals. It followed a similar clearance for fellow Bay Area producer Upside Foods that came from the FDA late last year.

    Good Meat’s cultivated chicken was the first in the world to earn regulatory approval, which was granted by the Singapore Food Agency in 2020. Good Meat won several regulatory approvals for its chicken in Singapore since 2020; it remains the only cultivated meat producer in the world with the ability to sell to consumers.

    José Andrés
    Chef José Andrés will be first in the U.S. to serve cultivated chicken | Courtesy

    “Today’s news is more than just another regulatory decision – it’s food system transformation in action,” Bruce Friedrich, president of The Good Food Institute, said in a statement. “Good Meat has become the second cultivated meat company to receive the go-ahead from FDA for its cultivated chicken, bringing cultivated meat closer to becoming a real choice for American consumers. Consumers and future generations deserve the foods they love made more sustainably and in ways that benefit the public good – ways that preserve our land and water, that protect our climate and global health, ways that allow for food security. Global demand for meat is projected to increase significantly by 2050. A few governments around the world are beginning to prioritize alternative proteins as a solution that accounts for this growing consumer demand while also achieving national climate and development goals, but far more need to follow suit.”

    Since its launch, Good Meat’s chicken has been featured on menus across Singapore including at fine dining establishments, hawker stalls, via the foodpanda delivery platform, and at Huber’s Butchery, one of Singapore’s premier producers and suppliers of high-quality meats.

    The company is now working with the U.S. Department of Agriculture on necessary approvals before world-renowned chef and humanitarian José Andrés is slated to become the first in the country to offer Good Meat’s chicken to customers at his restaurant in Washington, D.C.

    “The future of our planet depends on how we feed ourselves…and we have a responsibility to look beyond the horizon for smarter, sustainable ways to eat. Good Meat is doing just that, pushing the boundary on innovative new solutions, and I’m excited for everyone to taste the result,” Andrés said in a statement.

    Imminent regulatory approval

    The recent green lights from the FDA for both Good Meat and Upside Foods signal that the cultivated meat industry could be up and running in the U.S. within the next year or two. The U.S. requires a two-pronged approval process for cultivated meat involving both the FDA and the USDA. Experts predict cultivated meat could become a $25 billion global industry by 2030.

    Good Meat claims that surveys conducted on its cultivated chicken show a wide approval rating in Singapore with 70 percent of respondents who tried it claiming it tastes as good as or better than conventional chicken. Nearly 90 percent said they would opt for the cultivated chicken instead of conventional, and nearly as many restaurants said they would be open to selling the meat.

    Good Meat's cultivated lab meat
    Good Meat’s cultivated lab meat | Courtesy

    The benefits of cultivated meat are significant, especially when produced with renewable energy, according to a recent LCA. It has the potential to address many of the challenges associated with traditional meat production, including environmental concerns, animal welfare, and public health.

    “While I will always support family farmers’ efforts to feed the world, forward-thinking companies like Good Meat are tackling food security, nutrition and environmental stewardship in new and exciting ways,” said Dan Glickman, Good Meat Advisory Board member; former U.S. Secretary of Agriculture and member of the U.S. House of Representatives. “Receiving a ‘no questions’ letter from the FDA and a subsequent clearance from the USDA will allow Good Meat to scale up manufacturing and begin introducing its products to American consumers,” he said.

    “Just as the United States has been a global leader in modernizing conventional food and agriculture techniques, it too can lead in the emerging alternative protein space. Today’s announcement is one such example.” 

    The post BREAKING: Eat Just’s Cultivated Good Meat Is the Second to Receive FDA Clearance appeared first on Green Queen.

  • jimi chicken
    3 Mins Read

    The innovation and AI-driven Jimi Biotech has presented the first fully developed cultivated meat in China.

    China-based Jimi Biotech has achieved a major milestone in cultivated meat by developing what it says is the country’s first 100 percent cell-based meat. The product is created entirely from animal cells without any plant scaffolding.

    Zhehou Cao, CEO of Jimi Biotech, says that cultivated meat containing plant scaffolding cannot replicate the taste and product perception of real meat products, making 100 percent cell-based meat a more viable option for consumers looking for a sustainable option without sacrificing taste or texture.

    Cultivated chicken

    The company is working to develop what it calls “new forms” of meat while reducing public health risks and addressing food safety, environmental pollution, and animal welfare problems related to conventional meat production.

    jimi biotech chicken
    Jimi Biotech’s cultivated chicken | Courtesy

    Roosters in Hangzhou provided the cells for the meat. Cao said a sensory evaluation of the product found that the difference in color, smell, and taste comparing conventional chicken with Jimi’s cultivated chicken was minimal, making it a successful first attempt and a viable contender for scaling up, once China greenlights cultivated meat.

    The company says it has managed to reduce the cost of the culture medium to around ¥ 100 ($14), which is only 3 percent of the price of the culture medium on the market.

    Funding the future of sustainable meat

    Prior to the launch, Jimi Biotech completed its second exclusive ¥10 million round of funding ($1.45 million) in the last four months — both led by Shiwei Capital. The funding will be used for research and development as well as the construction of a small pilot plant.

    Weichang Jiang, a partner at Shiwei Capital, praised Jimi Biotech’s rapid progress in core areas such as cell lines and culture media. Jiang also noted that the company’s automation and AI will make the company an efficiency leader in the sector.

    jimi
    Jimi’s cultivated meat | Courtesy

    “Although only three months have passed since the last round of funding, Jimi Biotech has still made significant technological breakthroughs,” Jiang said in a statement. “In addition to the rapid progress in core areas such as cell lines and culture media, we believe that Jimi Biotech’s deep integration of automation and AI into the research and development also reflects the founder’s emphasis on continuously improving research and development efficiency.”

    The debut comes as the Chinese government has explicitly listed cultivated meat as a key area for future food manufacturing in the “14th Five-Year Plan” for National Agricultural Science and Technology Development. The National Food Safety Risk Assessment Center (CFSA) will also establish a special group for cultivated meat this year to study the regulatory framework of cultivated meat in China.

    “China has the largest market for meat and a well-established supply chain system, so we believe that some of the world’s leading cultivated meat enterprises will be Chinese enterprises,” Jiang said. “With the attention of the regulatory agency, the industry is about to enter an important turning point in China.”

    The post Jimi Biotech Debuts China’s First Cultivated Chicken appeared first on Green Queen.

    This post was originally published on Green Queen.

  • ever after foods bioreactor
    3 Mins Read

    Israel-based food tech innovator Ever After Foods has launched its patented bioreactor platform for producing cultivated meat.

    Backed by Israel’s largest food producer, the Tnuva Group, Ever After Foods has developed what it says is the first production platform that can bring cultivated meat to the mass market at scale.

    The achievement comes by way of a proprietary bioreactor system that Ever After says can overcome the critical challenge of scaling cultivated meat. Ever After Foods’ manufacturing plants require significantly lower capital and lower production costs, which it says results in a 700 percent increase in productivity when compared with other cultivated meat technology platforms.

    Cost parity for cultivated meat

    “Current cultivated meat companies all use very similar methods for growing cells and face insurmountable challenges when it comes to scaling production in a cost-effective manner,” Ever After Foods CEO Eyal Rosenthal said in a statement.

    Upside Foods' cultivated chicken
    Upside Foods’ cultivated chicken | Courtesy

    “To achieve cost parity, their methods will demand huge bioreactors of more than 10,000-liters, which are infeasible for use with animal cells. Ever After Foods’ disruptive technology enables significantly higher cultivated meat production capacity, with efficiencies that lower resources and costs. We can currently produce more than 10 kilograms of cultivated meat mass with just a 35-liter bioreactor and have a proven path to scale and reach price parity,” Rosenthal said.

    “Leveraging its unique production platform, Ever After Foods will transform the food system by reinventing how we produce and consume meat. Ever After Foods is prepared to spearhead the move toward the efficient development, production and distribution of delicious, high-quality cultivated meat products at mass scale,” said Eyal Malis, CEO of the Tnuva Group.

    Sustainable protein

    Ever After says the need for protein solutions is critical as the United Nations predicts the global population will reach 9.7 billion by 2050 with global meat demand rising concurrently. The planet’s natural resources cannot support that, but Ever After says cultivated meat provides an animal-friendly alternative that can.

    A recent LCA on cultivated meat have found it to be more sustainable than conventional animal products, especially when using renewable energy. Another recent report predicted alternative protein will account for 60 percent of the global meat market by 2040, with cultivated meat is forecasted to outpace plant-based alternatives, even despite lacking regulations at present.

    Good Meat's cultivated lab meat
    Good Meat’s cultivated lab meat | Courtesy

    “In less than a year, Ever After Foods developed a solution unlike any other in the market through massive technological advancements that evolved the original biotech-focused technology into a food-grade platform. We see incredible potential for Ever After Foods to transform cells into high-quality cultivated meat products,” said Yaky Yanay, Pluri CEO and President, as well as Chairman of Ever After Foods.

    Ever After Foods, formerly Plurinuva, launched last year as a spin-off of 3D cell-based food tech pioneer, Pluri, Inc.

    “Addressing food security, health, sustainability and animal-welfare concerns, cultivated meat is the future of food,” said Rosenthal. “Our new name, logo and branding underscore our ambition to deliver the future of meat, sustainably, ever after.”

    The post Ever After Foods Unveils a Novel Bioreactor Platform to Scale Cultivated Meat appeared first on Green Queen.

    This post was originally published on Green Queen.

  • potatoes

    3 Mins Read

    Israel-based startup PoLoPo has secured $1.75 million in a Pre-Seed funding round for its molecular farming potato-based technology.

    PoLoPo’s new funding was led by FoodLabs with participation from CPT Capital, Siddhi Capital, Plug and Play Ventures, Milk & Honey Ventures, and HackCapital.

    The funding will support PoLoPo’s technology platform, starting with replicating ovalbumin, the protein found in egg white. The company says it expects to have prototypes in the coming 18 months, including protein-rich potato tubers and ovalbumin functional samples.

    Turning potatoes into eggs

    PoLoPo’s proprietary technology allows for proteins to be expressed in potatoes in a scalable, cost-effective way, which the company says can enable the food industry to meet its protein demands and nourish the world’s growing population; the egg protein market alone is valued at more than $26 billion, the company says.

    eggs
    Photo by Jakub Kapusnak on Unsplash

    Using its microbial tech, PoLoPo says its ovalbumin will be identical to chicken egg ovalbumin in terms of functionality, nutritional value, and protein sequence. PoLoPo’s goal is to produce better food for the world and reduce the carbon footprint of the production process.

    “We want to produce better food for the world. Molecular farming technology, being harnessed for the production of high-quality proteins, presents a huge opportunity to do so, alongside with taking the animals out of the equation and reducing the carbon footprint of the production process” PoLoPo co-founder, Dr. Raya Liberman-Aloni, said in a statement.

    The mighty, underused potato

    The potato is the world’s most widely grown non-cereal food crop, produced in more than 100 countries worldwide. Potatoes are abundant, resilient, cheap, and versatile yet, according to PoLoPo, are an underused food source. PoLoPo says its potato-to-protein pathway offers commercial scalability since plants require relatively low investment to grow and are amenable to upscaling by common agricultural practices.

    PoLoPo founders
    PoLoPo founders Maya Sapir-Mir (left) and Raya Liberman-Aloni (right)

    “We’ve been very impressed by the disruptive potential of their platform technology and, most importantly, by the deep plant science expertise of PoLoPo’s founders and their bold vision for the company,” said Christian Guba, Managing Partner at FoodLabs. “We believe they are set to complement the incumbents in Precision Fermentation by pioneering a simpler approach to develop proteins.”

    PoLoPo’s innovative approach to protein production has already gained recognition, winning the Coller startup competition FoodTech track in July 2022, and securing its first investment from CPT Capital. Last October, PoLoPo won the FoodHack Demo Day as the startup with the most impact potential.

    The post PoLoPo Raises $1.75 Million In Seed Funding For Potato Protein appeared first on Green Queen.

  • TurtleTree has debuted its cultivated lactoferrin
    3 Mins Read

    TurtleTree, a global leader in animal-free functional dairy proteins, has announced the launch of the world’s first precision fermentation-produced lactoferrin.

    Known as “pink gold” for its high value and iron-rich pink hue, Singapore-based TurtleTree debuted the cultivated LF+ product at an exclusive tasting event in San Francisco this week.

    LF+ is considered a highly prized bioactive milk protein and one of the most powerful components found in cow’s milk, with functional benefits for immunity, iron regulation, and digestive health.

    ‘Harnessing the power of precision fermentation’

    “By unlocking access to one of the most powerful and multifunctional proteins in milk, we are envisioning a better food future where more people than ever before can improve their personal nutrition sustainably,” TurtleTree Founder and CEO Fengru Lin, said in a statement. “Harnessing the power of precision fermentation will provide us with an abundant supply of these vital nutrients that can be enjoyed by all segments of the population through everyday food products.” 

    TurtleTree's lactoferrin
    TurtleTree’s lactoferrin in application | Courtesy

    TurtleTree says its breakthrough provides an affordable source of lactoferrin; conventional sources can retail at between $700 to $1,500 USD per kilogram.

    While lactoferrin is in use in supplements and infant formulas, supply scarcity means that demand cannot be met for other fertile segments like sports nutrition, where the protein’s iron-regulating benefits can improve physical performance.

    TurtleTree’s development is also removing high methane-emitting cows from the supply chain. Animal agriculture represents more than 15 percent of anthropogenic emissions, fueling the climate crisis.

    ‘Transforming the food system’

    “As one of TurtleTree’s early investors, KBW Ventures recognized that transforming the food system requires studied innovation; a commitment to the science, and both ingenuity and integrity to see it through,” said KBW Ventures Founder and CEO Prince Khaled bin Alwaleed.

    “Transforming the food system as a mission is the business of changemakers, and I am proud that we could play a role in fueling the world’s future in food. TurtleTree’s world first, the showcase of LF+, is what technology can do when mobilized for good,” he said.

    TurtleTree raised $30 million in a 2021 Series A funding round led by Verso Capital after it first announced the lactoferrin product was in the works in June 2020.

    Prince Khaled Bin Alwaleed was an early investor in TurtleTree | Courtesy

    “We are incredibly touched by the degree of faith all our investors have placed in TurtleTree and our unique vision of food,” Lin said at the time. “The Series A funds will allow us to scale up our processes and come a huge step closer to creating a new era of sustainable nutrition.”

    The company sees a clear path to profitability on a per unit basis within six to 12 months after commercial launch, which is anticipated for Q4 2023.

    Good Food Institute co-founder and president Bruce Friedrich called the development “another innovative breakthrough” that he says gives consumers more sustainable food choices and creates a more sustainable food system.

    “Consumers deserve nutritious, affordable options that are produced in efficient, better-for-the-planet ways,” Friedrich said. “With more private sector and public sector support, precision fermentation is one of the brilliant alternative protein technologies that can open up a world of possibilities on this front.”

    The post TurtleTree Debuts Its Cultivated ‘Pink Gold’ Lactoferrin appeared first on Green Queen.

    This post was originally published on Green Queen.

  • GOOD Meat cultivated chicken
    3 Mins Read

    A new ex-ante life-cycle assessment looks at the efficiencies and benefits of cultivated meat.

    The LCA looked at cultivated meat from more than 15 companies, comparing the outlook of cultivated meat production in 2030 to that of conventional animal meat. The research was funded by GAIA, The Good Food Institute, a donor-backed 501(c)3 nonprofit, and CE Delft. The findings are published in The International Journal of Life Cycle Assessment.

    “Cultivated meat (CM) is attracting increased attention as an environmentally sustainable and animal-friendly alternative to conventional meat,” reads the abstract. “As the technology matures, more data are becoming available and uncertainties decline.”

    The findings

    According to the researchers, the ex-ante LCA looked at cradle-to-gate production of 1kg of meat. Source data include lab-scale primary data from five cultivated meat producers, full-scale primary data from processes in comparable manufacturing fields, data from computational models, and data from published literature.

    “Although animal products contribute around 18 percent of calories and 37 percent of protein to the average global diet, the impacts on the environment are disproportionately large compared to non-animal products in diets (Poore and Nemecek 2018),” note the researchers.

    Photo by Louis Reed at Unsplash.

    The researchers note that conventional animal products’ impact on climate change is significant, making up between 16.5 percent and 19.4 percent of total anthropogenic greenhouse gas emissions, twice as large as plant-based sources and “by far the highest contributor within food system emissions.”

    Conventional animal products use approximately 83 percent of global agricultural land, including pastures and cropland for feed, as well as 41 percent of green and blue water use.

    The findings suggest cultivated meat is nearly three times more efficient at turning crops into meat than even the “most efficient” livestock, making agriculture land use significantly lower. It also found nitrogen emissions to be lower because of cultivated meat production efficiency and lack of manure.

    Renewable energy

    The report also points to the need for renewable energy in producing cultivated meat as the process is “energy-intensive”.

    “Using renewable energy, the carbon footprint is lower than beef and pork and comparable to the ambitious benchmark of chicken,” reads the report. “Greenhouse gas profiles are different, being mostly CO2 for CM and more CH4 and N2O for conventional meats. Climate hotspots are energy used for maintaining temperature in reactors and for biotechnological production of culture medium ingredients.”

    Cultivated chicken from Upside Foods
    Cultivated chicken from Upside Foods | Courtesy

    The researchers say cultivated meat producers should work to optimize energy efficiency, including sourcing renewable energy, and leverage supply chain collaborations to ensure sustainable feedstocks. The LCA also calls on governments to consider the renewable energy demands of the emergent cultivated meat industry, and, it encourages consumers to look at cultivated meat not as an extra menu option, but a substitute for higher-impact meat products.

    Cultivated meat has the potential to have a lower environmental impact than ambitious conventional meat benchmarks, for most environmental indicators, most clearly agricultural land use, air pollution, and nitrogen-related emissions, the researchers say. “While CM production and its upstream supply chain are energy-intensive, using renewable energy can ensure that it is a sustainable alternative to all conventional meats.”

    The post Life-Cycle Assessment Shows Cultivated Meat’s Benefits for a Sustainable Food System appeared first on Green Queen.

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  • As Bird Flu Ravages South Korea's Egg Industry, Just's Vegan Egg Arrives
    4 Mins Read

    Mung beans are a versatile and nutritious legume staple and a new GFI APAC report highlights their value in an evolving food industry.

    Mung beans have been consumed by many cultures around the world for thousands of years. They are now gaining popularity as an alternative protein source vital to the future of the food industry, due to their high protein content, versatility, and sustainability.

    A recent report by the Good Food Institute Asia Pacific (GFI APAC) highlights the untapped potential of mung beans as a sustainable and nutritious alternative to animal-based proteins in the growing Asian market.

    Mung beans are a rich source of protein, containing about 24 percent protein by weight, which is comparable to other legumes such as lentils and chickpeas. Mung beans are the base of Eat Just’s vegan egg product, and the high protein content makes them an ideal ingredient for other plant-based products, the report notes.

    ‘A portfolio of solutions’

    “There is no silver-bullet ingredient that fits every system, so we need a portfolio of solutions that
    slot into various regional and product contexts,” reads the report. “Mung beans are a mighty plant protein with a functional fit for many plant-based applications, which can bring a business case across the value chain.”

    According to the report, mung beans hold potential across dairy, meat, and egg successor categories.

    “Mung bean proteins cater to lactose-intolerant consumers without triggering other common allergens like soy and wheat proteins,” the report notes. Lactose intolerance is extremely prevalent across Asia —affecting nearly 100 percent of East Asia — and affects 68 percent of the global population.

    mung beans
    Mung beans are a versatile protein source | Photo Courtesy David Gabrielyan on Unsplash

    “While the nascency of mung bean product development means it is too early to tell what the best
    applications are, first-mover companies claim the excellent dairy-like functionality of mung bean proteins and their status as low-allergen and non-GMO can bring unique consumer benefits, including superior taste and appealing clean labels,” the report notes.

    GFI APAC also points to the potential to supplant eggs, particularly amid the avian flu disruption of the supply chain.

    “Shocks to the conventional egg market in 2022 illuminated the supply-side risks facing animal proteins, the impact on price parity, and the value of plant-based eggs as volatility-proof substitutes,” reads the report. Skyrocketing egg prices driven by the outbreak saw sales of Just Egg, the leading mung bean-based egg alternative jump 17 percent in Q4 2022.

    Plant-based eggs are not only a market opportunity in Asia, which is the world’s biggest egg-consuming region, but an imperative to future-proof the egg supply,” the report reads.

    Mung beans hold potential in the alternative meat category as well, the report notes. “In order for alternative meats to take off in Asia, they must demonstrate key functionalities such as
    the formation of an emulsion—a heat-stable gel with a desired mouthfeel—which can be found in mung bean proteins,” GFI APAC notes.

    Beyond Meat and PepsiCo’s recent joint venture tapped mung beans for plant-based jerky. “The snack segment represents 12 percent of the global meat market and its growth trends are strong with the rise in snacking behaviour since COVID-19, increased desire for healthy, protein-rich snack options,
    and the extremely high demand for convenience food in Southeast Asia,” reads the report.

    Mung beans also show potential applications for cultivated meat and fermentation. “The protein residue
    and peptides left in the water after washing and concentration processes can be extracted and potentially used as plant-based culture media components for the cultivated meat industry,” says GFI APAC. “For fermentation, mung bean hulls have been proven as a good feedstock for the production of xylitol, which is an ingredient used in obesity intervention. Mung bean components may have additional untapped potential in other microbial fermentation processes.”

    Mung bean sustainability

    Beyond their versatility, one of the key benefits of mung beans is their sustainability. Mung beans require considerably less water and land compared to animal-based proteins, making them an eco-friendly protein source. They are also less resource-intensive than other plant-based protein sources such as soybeans and peas. Moreover, mung beans can be grown in a variety of climatic conditions and are relatively easy to cultivate, making them a versatile crop for farmers.

    Courtesy Just Egg

    The GFI APAC report also highlights the potential of mung beans in addressing food insecurity in Asia. As a staple food in many Asian countries, the mung bean’s high protein and nutrient content make them an ideal food source for populations that are struggling to meet the protein demands of rising populations.

    “Crop diversification offers huge potential to increase mainstream acceptance of alternative proteins across Asia and build back the health of our global food system,” reads the report. “Alternative proteins are a dramatically more efficient way of producing protein to meet the soaring consumer demand; however, we need to urgently accelerate product development to drive consumer uptake. Developing alternative proteins using diversified and localised plant protein sources will bring relevant product benefits, and lay the foundations for a sustainable and secure food system that can cope with the
    vulnerable and volatile climates we face now and in the future.”

    The post Mung Beans Bring a Sustainable Solution To The Struggling Food Industry: Report appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 3 Mins Read

    A new white paper released by the Hartman Group in partnership with precision fermentation leaders Perfect Day and Cargill takes the pulse on consumer attitudes toward food technology, chiefly precision fermentation.

    Entitled “Fermenting the Future: The Growing Opportunity for Products Made with Precision Fermentation,” the paper measures current consumer perceptions of food and technology.

    More than 2,500 U.S. adults were surveyed for the research, and 77 percent of those surveyed who said they were familiar with precision fermentation said they are likely to purchase precision fermentation products.

    Perfect Day Raises $350M in Late-Stage Funding Round As Brand Prepares to IPO
    Courtesy Perfect Day

    The tech has been most frequently associated with Perfect Day, the Bay Area company that uses yeast and microorganisms to grow dairy-identical whey protein.

    But the tech has been used in other categories and by other manufacturers. Precision fermentation is expected to grow in popularity as consumers seek out more sustainable and ethical alternatives to conventional animal products.

    The findings

    The report notes that a majority of consumers have favorable opinions about the benefits that science and technology can have in streamlining the food system.

    Younger consumers expressed the most enthusiasm for new technologies like precision fermentation and say they want to support companies that align with their own values around the environment and animal welfare.

    Chocolate ice cream cone
    Photo by Dylan Ferreira on Unsplash

    Consumer attitudes align with the findings that 69 percent of Americans believe “we need to find ways to meet our society’s nutritional needs with fewer resources like energy, water, or carbon,” the Hartman Group said in a statement.

    “[The report] illuminates how companies like ours can meet them where they are with education and tasting opportunities,” said Allison Fowler, CMO of Perfect Day. Fowler says the data validates that most Americans “share our mission to create a kinder and greener future and that consumers are open to learning more about the positive impacts this will have on the environment.”  

    Precision fermentation market potential

    Precision fermentation has already seen interest from major food conglomerates including Nestlé, General Mills, and Unilever. The report predicts the category will see support from more than 132 million adults by 2027.

    Currently, 40 percent of adult consumers are interested in trying the tech; 61 percent say they believe science and technology are our best hope to address climate change. Additionally, more than half of Americans are willing to drastically change their lifestyle to be more environmentally friendly.

    cowabunga milk
    Nestlé and Perfect Day’s precision fermentation Cowabunga milk is now available in select locations | Courtesy

    Millennials and Gen Z show the most eagerness in adopting food innovations, including precision fermentation. Sixty percent of Millennials and 55 percent of Gen Z said they actively seek out food and beverage products from companies that prioritize sustainability and animal welfare.

    With a clearer understanding of precision fermentation, 85 percent of Millennials and 84 percent of Gen Z say they would be likely to purchase products containing ingredients made with precision fermentation.

    The data validates the momentum Perfect Day has cultivated in the precision fermentation industry. Earlier this month, Perfect Day, along with eight other precision fermentation companies, launched the Precision Fermentation Alliance — the first industry trade group for the precision fermentation sector.

    The post 77% of Consumers Will Try Precision Fermentation Once They Understand the Benefits, Survey Finds appeared first on Green Queen.

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  • 3 Mins Read

    A new report from AgFunder and Temasek reveals that funding to agri-food tech start-ups reached $29.6 billion in 2022 — down 44 percent from the previous year. But despite the decline, outlook for the category is positive.

    According to the report, the decline in funding was largely in line with global venture capital markets, with the e-grocery market in China, cloud retail infrastructure, and North American alternative protein start-ups hit hardest.

    “The global agri-food system is critical to supporting human life and yet as a system, is inefficient, inequitable, and causing inordinate strain on the planet,” Temasek says in the report.

    Data from the United Nations points to a 60 percent increase in global food demand by 2050, including a 73 percent increased demand in animal protein.

    steak
    Demand for animal protein will soar over the next three decades. Photo by tommao wang on Unsplash

    “Existing food production practices account for a third of global greenhouse gas emissions, 70 percent of freshwater usage, and 80% of deforestation worldwide,” Temasek noted. “Geopolitical instability, protectionist government policies and unpredictable weather events have also fueled a global food crisis, with food price inflation threatening global food security.

    “The need to invest for a resilient food system, that is also part of the climate change solution, has never been greater.”

    The findings

    According to the report, “cheap money” along with “increasingly outlandish tech valuations” drove 2021’s record-breaking $51.7 billion in food tech funding — an inflated number that could not be matched in 2022 amid war, inflation, and continued supply chain disruptions, “the market came crashing down in 2022.”

    The report notes that there were no “mega deals” in 2022, which put it in stark contrast to recent years. More than four billion-dollar-plus deals happened in 2021, the report notes, and barring covid’s impact in 2020, there has been one deal worth more than $1 billion every year since 2016.

    Funding for meal delivery programs, e-grocery, alternative protein, cloud retail, and midstream technologies declined more than 35 percent.

    Impossible Foods patties
    Can the alt-protein industry weather the agri-food tech investing climate? | Courtesy

    But climate-related categories, including bioenergy and biomaterials, ag biotech, novel farming systems, farm management software, sensing and IoT, all saw increased funding. Funding upstream in food production technologies, including farm tech and innovative food, raised significantly more capital than downstream.

    The report also shows that African agri-food tech start-ups received 22 percent more funding last year than in 2021, with $600 million raised.

    “There’s no denying the second half of 2022 was terrible for venture capital (VC),” AgFunder noted.

    Climate-focused food system

    The drop in 2022 may be short-lived, however. The report notes that many of the world’s macro challenges, including inflation, food insecurity, and labor shortages, are driving interest in agri-food tech investments.

    farmer
    Climate solutions play a big part in the future of investments. Photo by Zubair Hussain on Unsplash

    A survey accompanying the report found industry VCs largely agree that the sector is playing a bigger role in the climate conversation. Those categories, including indoor agriculture, biotech, and precision agriculture, all saw funding increases.

    “With more discipline from founders (and investors too!), the industry can capitalize on the growing interest in using technology to transform our food and agriculture system to be better for people and our planet,” reads the report. “[2023] could be a vintage year to invest in agrifoodtech.”

    The post Agri-Food Tech Investments Dropped 44% Last Year, But a Big Turnaround Is Just Ahead, Report Finds appeared first on Green Queen.

    This post was originally published on Green Queen.

  • burger
    3 Mins Read

    South Korea’s plant-based food manufacturer Pulmuone and cell-based startup Simple Planet have teamed up to co-produce hybrid cultivated meat.

    Pulmuone and Simple Planet say they’re working to co-develop and commercialize hybrid cultivated meat products that combine plant-based ingredients and cultivated meat. The companies are targeting a 2025 retail launch given the current lack of regulatory approval for cultivated meat products.

    Hybrid meat

    Demand for healthier and more environmentally friendly food is on the rise in South Korea; the country’s alternative meat market was worth approximately $15.6 million USD in 2022, an increase of 28 percent from the previous year, according to Euromonitor. The market is predicted to rise to $24 billion USD by 2025.

    simple planet
    Simple Planet’s cultivated meat will be blended with Pulmuone’s plant-based ingredients. Courtesy

    The move builds on Pulmuone’s recent launches including a plant-based meat brand last year and a 2020 partnership with cultivated seafood startup BlueNalu.

    Last June, Simple Planet announced that it had developed cultivated meat with a higher concentration of unsaturated fatty acids.

    Coldplay-backed SCiFi Foods is also working to develop plant-based and cultivated meat hybrids.

    Hybrid meat development is also coming to conventional meat producers. Last month, Mush Foods announced its mycelium protein intended for combining with traditional beef.

    U.S. market

    Pulmuone is also preparing to increase its U.S. presence. Already, 70 percent of the tofu products sold in the U.S. are made by Pulmuone; Walmart, Costco, and hundreds of restaurant chains currently use Pulmuone’s products. It’s the company behind the Plantspired range.

    The company is now aiming to bring healthy, low-fat Korean food sold in South Korea for the last 40 years, to the U.S. consumer, including a range of “healthy” instant noodles.

    Cho Kil-su, head of Pulmuone, told the Korean Herald that the U.S. market saw significant growth in consumption of plant-based food after the pandemic years, as consumers’ interest in health grew.

    plantspired
    Pulmuone is behind the U.S. brand Plantspired. Courtesy

    “Concern for the environment also grew after the pandemic, and demand for plant-based products soared even higher as they produce less carbon dioxide throughout the production process,” he said.

    “This year, we plan to further expand our production infrastructure and expand our B2B business. We will mainly center on supplying universities with our products, as we have analyzed that young adults are most sensitive about health issues and receptive to new types of food,” said Cho.

    “We have partnered with leading local universities such as Yale University and Virginia Tech to provide sustainable food, and contribute to having students establish healthy diets.

    “We also aim to foray into Canada and Europe by expanding our tofu production line at the Ayer tofu plant (in Massachusetts) at the end of 2023.”

    Fellow South Korean plant-based food manufacturer Unlimeat has also seen steady growth in the U.S. after launching in stores last year. It recently launched its plant-based Korean BBQ and two flavors of pulled pork into 1,500 Albertsons locations.

    The post South Korea’s Tofu Giant Teams Up With Cultivated Meat Startup Simple Planet appeared first on Green Queen.

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  • 3 Mins Read

    California food tech Impossible Foods has announced a new Beef Lite product with a lower saturated and total fat content that cooks like 90/10 lean beef from cows.

    US plant-based meat company Impossible Foods has expanded its plant-based product portfolio with the launch of a new product dubbed Beef Lite, a leaner and less fatty version of their vegan-friendly Impossible Beef mince.

    Beef Lite has been created to be “better than lean ground beef” according to the company. The product features 21 grams of protein per serving and no trans fats or cholesterol. Compared to 90/10 lean ground beef, it has 75% less saturated fat and 45% less total fat. In addition the company called out Beef Lite’s sodium content as 33% lower than plant-based beef product from an undisclosed competitor.

    The company says Beef Lite can be used in the same cooking applications that consumers use beef for including tacos, lasagna, meatballs and stir-frieds and describes the product’s environmental footprint as being “a fraction of the land use, water consumption, and greenhouse gas emissions” of that of lean ground beef from cows. In addition, Beef Lite does not contain any hormones or antibiotics, both of which are uses heavily by the industrial livestock industry.

    Beef Lite remains a more expensive option than lean beef from cows. A 12-ounce pack of Beef Lite retails for $8.99, which is approx. $11.98 per pound. This is compared to $5.64 for a pound of Walmart’s All Natural 90/10 Ground Beef Sirloin and $5.98 for a pound of Marketside Butcher Grass-Fed 90/10 Ground Beef (also sold on Walmart’s website).

    Courtesy Impossible Foods

    “We’re constantly working to compete with beef in all of the ways that matter to consumers, including nutrition,” said Peter McGuinness, president and CEO of Impossible Foods. “A lot of health-conscious fans and shoppers are looking for a plant-based beef option that’s high in protein and nutrients with even less fat, and Impossible Beef Lite is our solution to that. It’s got 21 grams of high-quality protein, a whopping 75% less saturated fat than lean ground beef from cows, and of course no cholesterol. It’s a perfect plant-based way to customize all of the great recipes that call for lean animal ground beef.”

    The is the fourth new Impossible product announced in 2023, with the news coming just a few weeks after the company debuted three new plant-based chicken products including Impossible Spicy Chicken Nuggets, Impossible Spicy Chicken Patties, and Impossible Chicken Tenders. In 2022, Impossible added sausage links, animal-shaped chicken nuggets, chicken patties and a range of eight ready-meal bowls.

    Impossible products are available at over 30,000 grocery stores across the US. Beef Lite is being rolled out at select stores in the fresh meat aisle and will add more locations over the next weeks.

    Courtesy: Impossible Foods

    According to the company, Impossible is the fastest-growing plant-based meat brand in US retail with over 50% in sales growth in 2022, and its flagship Impossible Beef product is the the best selling-retail plant-based meat product in the US by volumes and dollar sales. The company has worked to improve taste, texture and the nutrition profile of its meat-free beef since its launch in 2016, updating the recipe both in 2019 and in 2022, when it reduced saturated fat content by 25%.

    In a wide-ranging interview with TIME last month about the media controversy around plant-based meat in the US, McGuinness said that Impossible’s nutritional profile was a key driver for consumers of the brand: “It is zero trans fat, zero cholesterol. So you’re eating zero-cholesterol beef. No matter who you are—you’re crazy educated, you’re less educated, you’re rich, you’re less rich, you’re in the middle of the country, you’re on the coast—I don’t think people love cholesterol. So cholesterol-free meat that tastes damn good? Sounds pretty good to me.”

    The post Beef Lite: Impossible Foods Launches New Meat Alternative With 45% Less Fat Than Animal Version appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 16 Mins Read

    If you’re in the know in the food tech world, then you will surely have heard Maya Benami’s name. The Israeli food-tech scientist is the secret research whisperer to the global alternative protein industry, consulting on all matters of R&D and her clients include startups, big corporates, governments and investors from all four corners of the globe.

    Maya is someone I deeply admire and respect and I have personally turned to her for advice and insights more times than I can count. While we often lionize founders and funders, we’d be nowhere without scientists, which is why I could not think of anyone better to celebrate and interview this International Women’s Day.

    Below, I talk to Maya about how she became a scientist, the challenges faced by women in STEM, why Israeli women are so strong and confident and how she balances life, work and family.

    Can you tell us a little about your background and where you are from? 

    As the product of an Israeli father and a German-American mother and moving around in the U.S., I had the privilege to experience growing up among different communities and types of people. However, my desire to explore my paternal roots and live in a desert to study water science prompted me to move to Israel 15 years ago. Since then, I have earned a master’s and a doctorate in microbiology and hydrology, volunteered, traveled or studied in more than 30 countries, worked in multiple environmental and human health industries, and started a family here in Israel.

    Through the lens of biology and chemistry, I’ve found a framework to explore, test, and question the inner workings of our world. 

    How did you become a scientist?

    My experience may resonate with many immigrants and those who have grown up among them. My own family of mixed heritage, many with Jewish roots, and continual exposure to the stories of others in diverse communities marked me during my upbringing in the United States. These experiences instilled in me a profound appreciation for education, travel, language acquisition, critical thinking, and a refusal to accept things at face value. These values align with the scientific mindset, where independent thought, exposure to new concepts, perseverance, and curiosity are vital to success.

    Through the lens of biology and chemistry, I’ve found a framework to explore, test, and question the inner workings of our world. They are fields that demand rigorous investigation, a deep commitment to intellectual curiosity, humility, and the willingness to challenge conventional wisdom. For me, nurturing scientific discovery has become a way of life that continually challenges me to create structure and organization in my own world, and surprisingly also opened the doors for me to discover how others approach the world more objectively.

    How did you end up getting into food tech?

    Over fifteen years of academic and industry-based work in environmental and human health has taken me on an interesting journey via exploring and writing about cutting-edge technologies across diverse disciplines in several countries. From tackling issues in agriculture via proper wastewater treatment, effective pathogen eradication to extend food shelf life, or examining how plant compounds affect mammalian cell physiology, I’ve had the privilege of collaborating with diverse teams to study and test the latest tools and techniques and publish our findings. I was using techniques and applications that are now more widely applied in novel food production, such as molecular biology, wastewater treatment membranes, microbial and mammalian cell cultivation, and fungal biotechnology.

    While attending GFI’s inaugural conference here in Israel in 2017, I discovered the immense potential of these cross-over technologies for scaling sustainable food production. I realized that my unique, cross-disciplinary approach to R&D challenges could offer a significant advantage. Through my consulting and technical due diligence services, I leverage my diverse background to provide companies and investors with innovative solutions that can save costs while addressing societal challenges like climate change. As global investment in R&D continues to increase and become more expensive, proper planning and cross-disciplinary collaboration have never been more critical. I hope my approach to R&D challenges can help accelerate innovation, improve products and services, and pave the way for a more sustainable future. 

    I consider it very important to give back what I have been given and devote significant time pro bono each week to supporting young start-ups.

    What exactly do you do for work?

    Today, I use my degrees and international experiences as an R&D consultant, specializing in the global alternative protein industry. My clients, which range from large food and biopharmaceutical companies to forward-thinking agriculturalists, rely on my guidance to help them navigate the intricacies of this rapidly-evolving field. I also regularly perform technical due diligence and consult for investors seeking to capitalize on cutting-edge food and microbial technologies like fermentation, cellular agriculture, novel ingredients, and molecular farming. It’s a thrilling time to be at the forefront of this industry, and I’m grateful for the opportunity to help shape its future.

    But I try not to limit my efforts to just the big players. I consider it very important to give back what I have been given and devote significant time pro bono each week to supporting young start-ups, students, and scientists who share my vision for creating a more sustainable food system. Through this type of networking and mentoring these past years, I’m also co-leading a small global team to create an alternative protein product taste and consumer review database called Taste Like, which should launch to the public in the coming months. 

    I have had the opportunity to work with many innovative (and surprisingly many female-led) Israeli companies.

    What are some of the companies you have worked with in food tech?

    I owe much of my success in the consulting industry to Bright Green Partners, a boutique alternative protein consulting firm, where I have been part of exceptional consulting teams for almost three years. Through Bright Green Partners, I have been the lead technical consultant to solve R&D problems for sizeable global food and biopharmaceutical companies. I am also very grateful to InnovoPro, one of Israel’s leading chickpea food companies, which gave me my first consulting and writing project. I have also had the opportunity to work with many innovative (and surprisingly many are female-led) Israeli companies such as GreenOnyx, which produces water lentils, Nuversys, which specializes in fragile ingredient encapsulation, Aleph Farms, which cultivates meat, and BioRaptor.AI, which offers an AI-powered insight platform for food and biopharma. On an international level, I have consulted for Novozymes, Aqvita, and a range of generalist and food-focused venture capital firms seeking due diligence on food and medical-related technology investments. Some of this due diligence led to successful investments or acquisitions of companies that produce cultivated meat, insect alternatives, contaminant detection technologies, and novel plant or fungal-based ingredient production.

    Women are actively encouraged to pursue careers in science, technology, engineering, and mathematics (STEM) fields in Israel.

    Israel seems very supportive of women in science. Is that fair to say?

    Yes, in most parts of Israeli society, a well-developed scientific and technological sector provides exposure opportunities to young men and women alike. Women are actively encouraged to pursue careers in science, technology, engineering, and mathematics (STEM) fields in Israel, and many initiatives are in place to support them. One of the first things I remember upon landing in Israel to begin my master’s degree was that a female, Muslim Ph.D. student in my lab was encouraging me to apply to as many grants as possible: she had recently found out that she was able to net a larger salary per month than one of our male advisors. It also helps to see role models and be mentored by them. I was lucky to be mentored by a strong female in science, my original advisor Dr. Osnat Gillor, who also constantly encouraged me to apply for grants, go to conferences, and publish my work. Cultural norms are generally also more accepting here in Israel of a woman leaving the work day earlier than usual to pick up and care for children. Work days and deadlines are also generally more flexible. 

    Within the international Jewish community and inside Israel, many organizations and initiatives specifically focus on encouraging and supporting women in STEM, especially immigrant and minority females. These include programs that provide mentorship, additional financial support, networking opportunities, and access to professional development resources for women in STEM fields. 

    There is, of course, a long way to go. There is still a gender gap in STEM fields in Israel, as in many other countries. There are many sectors of Israeli society where women and men cannot access the benefits I wrote above. Women remain underrepresented in specific scientific areas and leadership positions, facing barriers such as bias, discrimination, and lack of access to funding and resources. However, there is a growing awareness of these issues in Israel, and some efforts are being made to address them.

    By giving women equal opportunities to serve in the military, the IDF aims to challenge gender stereotypes and encourage greater gender diversity in most areas of Israeli society.

    I don’t want to stereotype but on average, it seems most of the Israeli women I know are super tough and confident. Is there something specific about Israeli culture that makes it so? Is it because Israeli women, like Israeli men, undergo military duty?

    The Israeli Defense Forces (IDF) has taken steps to ensure that women are integrated into the military and given equal opportunities to serve in various roles. Women can serve and lead combat units, intelligence, and technological roles as well as provide administrative and support positions. In addition, the IDF provides equal pay and benefits to male and female soldiers. These policies aim to create a more equal society by promoting gender equality and breaking down traditional gender roles. By giving women equal opportunities to serve in the military, the IDF aims to challenge gender stereotypes and encourage greater gender diversity in most areas of Israeli society. The mandatory military service in Israel also cultivates a sense of close community and creates a natural networking base, which is critical for future work opportunities regardless of gender. It brings together people from diverse backgrounds, further promoting cross-disciplinary collaboration and fostering innovation. When a farmer can work alongside a physicist in the IDF, these types of relationships further promote cross-disciplinary collaboration and foster innovation, which can benefit all sectors of society. 

    However, beyond a form of an equalizing factor that the IDF brings to society, large parts of the Israeli population are not required or choose not to participate in serving. I believe it may be more about the hardships and navigating mixed cultural values, which may affect how Israeli women approach the world. 

    First, Israel is a country with an interesting mix of many strong cultures that emphasizes self-reliance and reliance upon your community connections. All Israelis are generally encouraged to become educated, question authority, and be self-aware and assertive. Israel is also a country that values risk-taking and finding solutions at all costs.

    Second, Israel is still quite a new country with a past and current history of conflict and adversity, requiring its citizens of all ethnicities to be resilient and adaptable. Daily life in Israel is expensive and bureaucratic, with the need to be resilient and adaptable. Travel is a common pursuit that also fosters a sense of autonomy and worldliness from a young age. Israeli women are accustomed to living in discomfort, advocating for themselves and their families, and overcoming obstacles when plans change last minute (e.g., running to a bomb shelter).

    Third, Israeli women have high education rates and are well-represented in many fields such as law, education, medicine, and the sciences. This representation empowers and inspires Israeli women, and this progress can be traced back to the 1960s with the region’s first female Prime Minister, Golda Meir. Historically, women also played a vital role in building the first settlements of the country, and in the early years of the kibbutz movement, they were encouraged to participate in traditionally male-dominated fields. The stories of women and men in our families surviving the Holocaust and many Israeli wars, establishing kibbutzim, and sharing their other experiences have left a lasting impression on the current generation. 

    Despite these advancements, Israel still faces significant challenges in promoting gender equality and protecting their most vulnerable people. Domestic violence, harassment, trauma, limited promotional opportunities, wage disparities, and access to mental health services remain pervasive. Additionally, women have historically been underrepresented in Israel’s highest ministerial offices and continue to have limited political opportunities, which sets Israel apart from most Western nations. 

    My female advisor pulled all of us females aside, and she urged us to interrupt the men and contribute more.

    What challenges do women in science face?

    I believe there is a very high rate of both women and men who experience imposter syndrome in the sciences, as I discovered when interviewing numerous scientists for a book I wrote during my PhD. Impostor syndrome is a fear of being exposed as a fraud due to self-doubt about one’s skills and accomplishments. We don’t talk about this enough for also the fear of being seen as “naïve.” However, women and men react to this phenomenon differently. For example, the imposter syndrome can harm women’s confidence and make it challenging to speak up during meetings or ask for further guidance, leading others to view us as less knowledgeable. 

    I recall one lab meeting where out of the lab of six women and two men, the two men completely dominated the meeting with questions and answers to their questions. It prompted my female advisor to pull all of us females aside, and she urged us to interrupt them and contribute more. Especially in Israel, where assertiveness in meetings is highly valued, a male advisor also commented to me once that my failure to interrupt him during private meetings to get to an answer more quickly showed him that I possessed less initiative compared to a male colleague who did.

    The way women and men navigate the worlds of science and business, which are becoming increasingly important in academic and industry-based technical fields, differs significantly. Men tend to dominate executive roles like CEOs and CTOs, often taking the lead in risk-taking and finding cost-effective solutions to technical challenges. In contrast, women face greater obstacles in achieving these positions and being heard that their ideas matter.

    For women in science, balancing work and personal life can be a real tightrope act, especially when they also have caretaker responsibilities. Preparing and conducting experiments can demand long hours and inflexible schedules, leaving little room for personal obligations. On top of that, the constant pressure to deliver usable results, amidst the many failed experiments, and publish papers that undergo endless changes or rejections from peer reviewers, can be daunting. To complicate matters further, obtaining funding and the opportunity to attend international conferences is a luxury for many female scientists. This can hinder career advancement as these events provide valuable opportunities to present work, form beneficial collaborations, and network with peers.

    What does International Women’s Day represent to you? 

    International Women’s Day is a vital reminder of the ongoing struggle for gender equality and women’s rights worldwide. It is an opportunity to celebrate women’s achievements and contributions to society while recognizing the challenges and barriers that still exist for over 50% of the global population.

    In terms of International Women’s Day and food, women are the center of where we should be improving and celebrating. Women play a crucial role in food production and purchasing. Across many regions, women participate in all stages of the food production cycle, from planting and harvesting to processing and selling products for consumption or commercial purposes. In developed and non-developed regions, women are almost universally the primary decision-makers in buying and preparing food for our families. Domestically, women are the center of knowledge and decisions regarding the preferences influencing food choices, cooking methods, and nutrition practices for multiple generations of large families. Both in the first and third worlds, we need access to affordable, nutritious, and preferably tasty food to improve dismal maternal and childhood mortality and morbidity statistics, such as half of preschool children and two-thirds of non-pregnant women (globally) being micronutrient deficient. Statistics like these are also a significant reason I entered into the intersection of science and nutrition – to address childhood and female malnutrition effectively and hopefully promote more sustainable food production. 

    Ask or be insistent about receiving credit for your work early on, so a paper trail can be made of your accomplishments.

    What advice do you have for the younger generation of women coming up in the world and in their careers?

    Prioritize your mental and physical health. It takes courage to ask for a break or additional support when faced with challenges or problems. In most cases, others are more than willing to lend a hand or provide a fresh perspective, but they may not know what you need until you effectively communicate it. Don’t be afraid to seek assistance from a variety of sources inside your industry or outside of it (like family and friends), as it can lead to finding alternative solutions or new ways of approaching a situation while creating the opportunity for what others want – the feeling of being useful. Asking for help can create the opportunity for a new friendship or deepen an existing relationship.

    Ask or be insistent about receiving credit for your work early on, so a paper trail can be made of your accomplishments. Whether asking for your name to be put on a paper after contributing even a little bit or asking for better compensation, speaking up becomes easier the more you practice. 

    Building a support network can be instrumental in overcoming obstacles and achieving success. You can maximize your potential and accomplish your goals by surrounding yourself with supportive, positive people and creating a database of resources and tools you can access in times of stress.

    Individuals in scientific fields often lack training in business economics.

    What are the biggest challenges facing women in ‘future of food’ technical roles?

    Successful leaders of food technology companies must have a strong technical background to oversee product development, scaling, and safety processes effectively. Creating new food products often involves specialized technical knowledge and hands-on experience in several disciplines, including food science, ingredient chemistry, and microbiology. However, individuals in scientific fields often lack training in business economics. In recent years, there has been a growing need for professionals who understand complex scientific disciplines and food formulation processes while possessing astute business acumen.

    Furthermore, advancements in the novel foods movement and emerging technologies and ingredients produced by them, like fermentation, cellular agriculture, and molecular farming, have introduced new challenges in food production. These techniques require different approaches to creating food products, necessitating a deeper understanding of cell biology, bioprocessing, and plant and food science to stay current and innovative. Atop of the natural complexity of novel food production, technical leaders must keep up to date on new food regulations in multiple markets, and rapidly changing consumer preferences, effectively juggle investor, partnership, and client relationships, and keep expenses down through optimized supply chain management. Some are also tasked to be the face of the company in terms of public relations and marketing. 

    Science is a collaborative industry where success should be measured by contributing to a better understanding of human, animal, or environmental problems. 

    What do you wish could change about women in science?

    Acquiring a research-based graduate degree or technical position in the sciences is principally thought of as an achievement based on intellectual rigor: this is only partially true. Many agree that maintaining discipline and stamina can prove to be more significant challenges than natural intellect. Perseverance is critical when facing obstacles such as failing experiments, difficult advisor relationships, lack of funding, and rejected publications. Even when transitioning to a highly technical job, the need for grit, supportive mentorship, and continual financial or knowledge-based resources remain essential.

    Developing a network of supportive relationships within and outside of science can go a long way in overcoming these challenges. Rather than relying on your natural abilities in math and memorization, having a passion for a subject, perseverance, and a supportive network to find solutions can outweigh many deficits in these areas. Personally, I was fortunate to have access to and find the time to attend weekly math and science tutoring throughout my undergraduate and graduate degrees. 

    I would hope that we eventually shift the perception that success in science is defined solely by reaching high-ranking positions like CTO, patent creator, professor, or publishing in prestigious journals. The truth is that science is a collaborative industry where success should be measured by contributing to a better understanding of human, animal, or environmental problems. Any person, whether a citizen scientist or a student, who contributes to this cause and communicates it effectively is a successful scientist, in my opinion.

    Producing usable research findings is a collaborative effort requiring a team of individuals working together for many months or years. From lab managers and technicians to interns, department secretaries, scientific writers, donors, and more experienced colleagues, every team member plays a crucial role in the success of an experiment and the publication of its findings. Effective mentorship and financial resources are also essential for success in the scientific industry. As someone who now works in the industry, I have continued to benefit from mentoring others and being mentored by those with more experience.

    I’m honest and ask for help a lot..no one can do it all without that “village.”

    How do you balance work, family, and everything else?

    Juggling multiple responsibilities can be challenging for anyone, but I find that as a woman, the expectations placed on us in regard to food preparation, cleaning, work, self-care, and raising a family are increasingly challenging to balance. Managing everything at once is impossible, so I’m honest and ask for help a lot. I’ve learned to approach modern-day life with a willingness to outsource and compromise on expectations. Although I’m lucky and privileged to work from home primarily, this type of work creates collisions of family time, work, and domestic responsibilities. 

    For instance, my daughter is currently sitting next to me, working on a puzzle while I tackle emails and respond to this article. A few minutes ago, a homemade food delivery guy (I am not a fan of cooking, but my neighbor is) dropped off half a week’s worth of meals, and in the background, I’m listening to the hum of the washing machine. I’ll run some errands on the way to dropping off my daughter at her babysitter’s before heading to an on-site meeting. Later in the evening, I’ll join a virtual meeting with international clients while my husband puts our daughter to bed. There are rarely any days off and I combine my “relaxation time” of watching a Netflix episode with washing dishes, for example. It’s a lot to manage; no one can do it all without that “village.” In my attempt to be humble and honest with myself and others, create a support network (and prioritize assisting back those who help me), and stay as organized as possible, I can generally navigate the demands of modern-day life.

    The post Forget Princess, I Want To Be A Scientist: Celebrating Food Tech Researcher Maya Benami This IWD appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 4 Mins Read

    Mycelium protein company Meati Foods is launching chicken-like cutlets and beef-like steaks made from mushroom root at Sprouts grocery stores across the US.

    Meati Foods, which makes whole-food animal protein products from mycelium, says that its range of mushroom-based beef steaks and chicken cutlets is now available at 380 Sprouts Farmers Market stores across the United States after a successful pilot last summer.

    The company’s retail-ready range, dubbed Eat Meati™ includes alternatives to beef and chicken such as a Classic Cutlet, a Crispy Cutlet, a Classic Steak and a Carne Asada Steak. The products will be sold in the frozen meat aisle of Sprouts stores.

    Source: Meati Foods

    “The high demand for Meati products at our early Sprouts locations in Colorado made it clear that people have been waiting for a differentiated, animal-free protein that tastes great while delivering an outstanding nutritional profile,” said Scott Tassani, Meati’s president and COO.

    Meati uses fermentation technology to produce meat-like products made primarily from mycelium, the root portion of a type of mushroom. The company says it can transform “a teaspoon of spores into hundreds of cows’ equivalent of whole-food protein” in a mere few days using what it describes as “a nearly infinitely scalable platform”.

    “We look forward to continuing to demonstrate how well Meati complements a broad spectrum of preparations, within the weekly rotation for meat-eaters and non-meat-eaters alike,” added Tassani. 

    Source: Meati Foods

    ‘Repeatedly sold-out online’

    The company launched at select retail locations last July, but this marks the first time consumers will be able to purchase the products in-store across the country. Previously Meati’s line was available online (where the company says its products would “repeatedly” sell out and the plan is to do a national omnichannel rollout in late 2023. The company works with food service providers who feature their mushroom-based protein on their menus; this past November, Meati debuted its Carne Asada Steak at the Sweetgreen salad chain.

    “At Sprouts, our focus has always been on bringing the latest and best in fresh, natural and organic food to our customers,” said Kristen Zoldan, Sprouts’ Category Manager of Meat. “Meati products exemplify this mission, and we’re delighted to play a role in introducing the brand to the world.”

    Meati Science Advisory Board

    Last week the company shared it had formed a Meati Science Advisory Board (MSAB), made up of leading nutrition and food science scientists, in order to research the health benefits of mycelium and its nutritional features as a whole-food protein source.

    Joining the board are Dr. Harold Schmitz, chairman of the MSAB, is a General Partner at The March Group and Senior Scholar in the Graduate School of Management at the University of California, Davis (UC Davis), Dr. Carl L. Keen, Professor Emeritus in the UC Davis Department of Nutrition, who worked on California’s Proposition 65, Dr. Roberta R. Holt, Associate Researcher in the UC Davis Department of Nutrition, Dr. Justin Siegel, Associate Professor of Chemistry, Biochemistry and Molecular Medicine at the UC Davis Genome Center and Dr. John Munafo, Flavor Science Director at the University of Tennessee Department of Food Science.

    Dr. Justin Whiteley, CTO and co-founder of Meati Foods said of the new board: “At Meati, we believe consumers and the environment win when we invest in rigorous scientific understanding of our products, and the MSAB was created with that goal in mind.” 

    Source: Meati Foods

    Chef’s Collective and a new production facility in 2023

    In January of this year, the company announced the opening of a large-scale production facility in Colorado that it said could “rival the output of conventional animal farms”.

    In February, Meati shared a new chef-led “Meati Culinary Collective” by food industry stalwarts David Chang, Tom Colicchio, Evan Funke and Charlie McKenna which would give its consumers the chance to taste Meati in products created by the chefs.

    This comes on the heels of a $150 million Series C in July of last year, which included backing from Chipotle’s Cultivate Next Fund. The fast-casual leader said it would work with Meati to accelerate its production, create new products and assist with retail expansion.

    “Meati was founded on a commitment to develop food solutions good for the health of people and the planet, and we are excited to strengthen this commitment by working with the MSAB to unlock the vast potential of our mycelium and mycelia in general,” said Dr. Justin Whiteley, CTO and co-founder of Meati Foods. “At Meati, we believe consumers and the environment win when we invest in rigorous scientific understanding of our products, and the MSAB was created with that goal in mind.” 

    The post Whole Food Mushroom Root Protein Maker Meati Rolls Out Across Sprouts Nationwide appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 5 Mins Read

    The ‘Superbowl’ of the CPG industry takes place in California this week and future food products are gaining ground on the show floor with a quarter of the booths featuring vegan products and over 100 alternative protein companies in attendance.

    Natural Products Expo West, or Expo as insiders affectionately refer to it, the New Hope Network by Informa Markets trade show and conference returns this week to the Anaheim Convention Center in California where tens of thousands of people from the natural and organic food and beverage industry will descend upon the Los Angeles-adjacent to launch, taste, sell, promote, market, negotiate and more.

    While Expo West is always packed full of brands looking for retailers and B2B buyers on the lookout for star products, it’s also popular with industry experts, investors, trendspotters and journalists thanks to the show’s reputation as a hotbed for emerging brands (many of which make their national debut at the show), food and beverage trends and new product innovations, with a slew of companies launching additional flavors and formulations during the five-day event.

    “Every year at Expo West we foster the connection between emerging brands who are impacting the landscape and industry pioneers who have paved the way for decades. This event highlights the importance of community engagement and the role everyone plays to create a more sustainable packaged goods industry,” said Lacey Gautier, VP of Events and former Group Show Director at New Hope Network.

    60,000 expected visitors

    For CPG brands in the natural and plant-based space, you’d be hard-pressed to find a better show in terms of sheer numbers. After canceling the 2020 and 2021 events due to the Covid-19 pandemic, the show returned last year with 2,700 exhibitors and over 57,000 registered attendees, compared to 3,600 booths and 86,000 visitors in 2019. This year, the official Expo website lists 3,187 exhibiting booths and as per a BEVNet social media post, 60,000 expected participants are expected to visit, the bulk of which are product buyers.

    Booths don’t come cheap. According to reporting by Forbes last year, booths usually start at around $15,000 (though there are more budget-friendly options for very early-stage companies), and if you factor in travel, booth design, samples and other related costs, companies can end up spending close to $100,000.

    Source: Green Queen Media

    Over 100+ alternative proteins making an appearance

    While Expo West does include animal products and is not exclusively vegan, alternative protein and plant-based brands are highly visible on the show floor.

    According to the non-profit The Good Food Institute, a global think tank for the industry working to make alternative proteins affordable and accessible, there are over 100 alternative protein companies exhibiting at the show this year, approximately 3.2%. In their dedicated event guide, the authors write that the list was “created by compiling all exhibitors tags related to alternative proteins and cross-referencing with GFI’s alternative protein company database to filter for companies creating products that contain direct replacements for animal products (meat, seafood, eggs, and dairy)”. Further, they specify that brands and “companies focused on inherently plant-based foods, such as chickpeas and kale” were not included in the list.

    Of the 100+, the vast majority were companies with products derived from plant-based technology. We noted 6 companies in the list marked in the fermentation category, and of those, only two use precision fermentation, including The Urgent Company (better known as animal-free dairy leaders Perfect Day) and Tomorrow Farms, a company that makes milk using Perfect Day’s cow-free whey protein. There will be no cultivated meat startups at Expo West, unless you count Eat Just, which will be showcasing its plant-based JUST Egg products, as the company owns cultivated chicken maker GOOD Meat.

    25% of the booths have vegan products

    The Plant-Based Foods Association (PBFA), a U.S.-based trade association that represents over 350 North American plant-based food companies published a list of their own featuring 76 of their members (2.5% of the show booths).

    Based on Green Queen‘s own analysis, 333 exhibitors describe themselves as plant-based, or 10.5% of the total. Note: Not all plant-based food companies are PBFA members. 785 exhibitors identify as vegan (25%), while only 71 use the term vegetarian (2.2%).

    Further, 29 booths (just under 1%) say they have products grown using regenerative agriculture, a term that has been gaining ground in recent years, compared to 268 marked as certified organic (8.4%). 237 exhibitors feature gluten-free products (7%).

    Future food tastings galore

    A bevy of future of food brands will be hosting tastings at the show including plant-based chicken company TiNDLE who will sample their just-debuted retail range and newly acquired plant-based gelato brand Mwah!; Nestle-owned SweetEarth will spotlight new recipes; Planet Based Foods, who are looking to debut both their plant-based taquito line and their hemp-based ice creams; Upton’s Naturals, who will feature their seitan products; Daiya Foods will give their new chicken frozen pizza and flatbread SKUs a whirl; and OMNI Foods will present new packaging as well as just-launched crystal dumplings and Asian flavoured bao buns.

    Beyond the trade show, Expo West hosts a content-heavy conference of talks and fireside chats. One highlight of the programme? Miyoko Schinner, founder and former CEO of Miyoko’s Creamery, who is facing a lawsuit from the company she started, will be making an appearance in a panel titled ‘Navigating Challenges Women Face in Leadership Roles in Natural Foods’, in what promises to be a packed room.

    A make or break show

    It’s been a challenging few months for consumer-facing brands with rising inflation, high energy costs, continued supply chain disruptions and a decrease in VC funding. Plant-based companies in the US have faced especially bumpy skies. Expo West could be make-or-break. As one Forbes editor writes, Expo West could be make-or-break: “The over-correction — to much-hyped valuations, sky-high deal multiples and overzealous investors — is here, and the tension will be on full display next week at the Super Bowl for the food industry, better known as #ExpoWest. In a matter of months, the market stepped back from over-valuing food startups and started demanding more, like profitability and stronger metrics. These dynamics are making it tough for hundreds of brands that have run out of cash, and now they’re in the awkward position of needing to ask for more—from the same investors who are far more risk-averse and are trying to make up for bad past deals.”

    The post Expo West 2023 in Numbers: 25% Vegan Booths, 100+ Alt Protein Brands, 60k Visitors appeared first on Green Queen.

    This post was originally published on Green Queen.

  • Immi ramen

    3 Mins Read

    The world’s first low-carb, high-protein, and 100 percent plant-based instant ramen brand, Immi, has announced a $10 million Series A funding round.

    Immi’s investment was led by Touch Capital, with participation from celebrity investors, including Naomi Osaka, Usher, Apolo Ohno, David Grutman, Kygo’s Palm Tree Crew, and Gryffin.

    ‘Managing the improbable’

    The investment was led by Touch Capital, which praised Immi’s success om managing “the improbable” by transforming instant ramen into a low-carb, high-protein, and plant-based product “that is just as crave-worthy as its classic comfort food predecessor.”

    In a statement, Kevin Lee and Kevin Chanthasiriphan, Immi’s co-founders, said the funding enables the team “to further improve the quality of our products, expand retail distribution, bring down prices, and continue broadening access to nutritious and delicious Asian American food.”

    Immi ramen
    Immi raises $10 million in a Series A | Courtesy

    Lee and Chanthasiriphan came up with the idea for Immi after seeing their families struggle with chronic, diet-related health conditions. Both grew up immersed in the farms and noodle stalls of their Taiwanese and Thai family food businesses.

    Since launching two years ago, Immi has seen success for its three flavors – Black Garlic “Chicken,” Spicy “Beef,” and Tom Yum “Shrimp.” Last year, it moved from online sales into retail channels, including placement in Wegmans and Whole Foods, where it has seen strong growth.

    Celebrity support

    Celebrity investors, including tennis great Naomi Osaka, singer Usher, and Olympian Apolo Ohno also expressed excitement about the investment.

    Osaka said, “I’m excited to announce my investment in Immi, which has revolutionized the ramen industry with a low-carb, high-protein, plant-based, and delicious alternative to one of my favorite childhood foods.”

    Usher said food, like music, “has always been at the center of culture, and I am excited to play a small part in this new wave of global flavors with Immi.”

    Immi co-founders Kevin Lee and Kevin Chanthasiriphan
    Immi co-founders Kevin Lee and Kevin Chanthasiriphan | Courtesy: Immi

    “I value my nutrition and health more than anything else,” said Apolo Ohno, eight-time Olympic medalist, most decorated American Winter Olympian, U.S. Olympic Hall of Famer, “I’m excited to invest in Immi, which has allowed me to bring ramen back into my life again.”

    Immi says the new funding will help it hire key leadership roles, support retail sales, operations, finance, product, and growth. The financing will also support product development research, as the brand plans to launch a series of new permanent and limited-time flavors, as well as co-branded partnership flavors.

    The instant noodle industry has been growing in recent years; according to a report by Grand View Research, the global instant noodle market is expected to reach $45.67 billion by 2025 as demand for convenience food products, along with the rise in disposable income levels of consumers, both continue to rise. The plant-based food market is also expected to continue its ascent, reaching $74.2 billion by 2027, Grand View reports.

    The post Celebrity-Backed Immi Raises a $10 Million Series A for ‘Improbable’ Vegan Ramen appeared first on Green Queen.

  • 6 Mins Read

    TiNDLE parent Next Gen Foods has acquired a plant-based gelato startup Mwah! based out of London as part of a wider strategy to expand their brand portfolio.

    Next Gen Foods, the parent company of global plant-based chicken brand TiNDLE, announced today that it has acquired a plant-based gelato company based in London. Mwah!, a two-year-old startup co-founded by experienced hospitality veterans Damian Piedrahita and Claudia Comini, makes vegan and lactose-free Italian-style ice cream from plant-based ingredients. Their first product, Madagascan Vanilla Gelato, is made from cashews, coconut oil, vegetable fibers, natural flavors, sugar, salt, and organic Madagascan vanilla.

    According to a press release, “through a carefully designed process that combines natural flavorings –along with selected plant-based proteins and lipids – the team can recreate the qualities of pure cream”. Mwah! plans to apply this process to a wider range of plant-based dairy products that will “provide the memorable flavor of dairy.”

    Piedrahita and Comini meet while working as consultants for F&B brands. In 2019, they joined forces to create a plant-based ice cream brand that could mirror the creaminess of animal dairy. They closed a $2 million seed round in 2022 led by Next Gen Foods to fund the R&D of their first product, a gelato. Both Piedrahita and Comini will join Next Gen full-time as part of the acquisition.

    “We’re thrilled to be joining the Next Gen Foods family. We know they are the right company to help us expand and tap into the rising consumer desire for more innovations in taste and decadence from the dairy category,” says Damian Piedrahita, CEO and Co-Founder at Mwah! “Our plans are to introduce our signature creamy and indulgent products this year – with our unique, best-in-class gelato experience – and looking forward to hearing feedback from dairy lovers everywhere.”

    Next Gen will debut the gelato at Natural Products Expo West, North America’s largest trade show for natural and organic brands this week, where they will serve attendees a plant-based rendition of chicken, waffles and ice cream featuring TiNDLE. Next Gen says Mwah! will leverage TiNDLE’s existing F&B relationships to introduce its products in UK restaurants over the next few months.

    Mwah! will leverage existing distribution through Next Gen Foods to support the introduction of its products to key markets, including the United Kingdom.

    Courtesy Next Gen Foods

    Singapore-headquartered Next Gen, which was named to Fast Company‘s World’s Most Innovative Companies 2023 list last week, has raised over $130 million to date, including a record-breaking Series A for plant-based meat. After debuting in restaurants across North America, Asia and Europe, TiNDLE launched its first line of retail products in over 6,000+ German supermarkets earlier this year and will launch in the US later in 2023 after a limited meal-kit debut created by celebrity chef Chad Rosenthal on the direct-to-consumer marketplace, Goldbelly, this past January. Starting this month, folks in New York City and Miami can find a selection of TiNDLE’s retail products at the lifestyle concept store SHOWFIELDS.

    Green Queen spoke to Next Gen CEO Andre Menezes about the acquisition, why they chose ice cream as their second brand category, and what’s coming up for the company.

    Green Queen: Will Mwah! be under the Next Gen Foods umbrella, and separate from TiNDLE?

    Andre Menezes: We’re welcoming Mwah! to the Next Gen Foods family of brands. TiNDLE will remain focused on plant-based chicken and growth in that category, while Mwah! will develop new and delicious dairy-inspired products. 

    Green Queen: Can you share more details about the acquisition deal? Was it cash or equity or both?

    Andre Menezes: We can’t disclose specifics about the deal terms, but can share that we’ve been involved with the business for a couple of years now. Jean (Madden, Next Gen’s CMO) and I previously sat on the Mwah! board of directors, prior to the acquisition, as Next Gen also was an investor in their two first rounds, which totaled over $2 million. Today, we’re excited to formally welcome Mwah! to the Next Gen team. 

    Green Queen: How did you first meet the Mwah team?

    Andre Menezes: I had the opportunity to meet both Claudia and Damian a couple of years ago in Singapore, while I was working at Singapore’s largest food distributor and selling other plant-based products in 2019. Both of them had established careers in the F&B industry – Damian as a chef and Claudia as a barista and mixologist. Damian also had his own culinary consultancy that helped develop plant-based gastronomy programs for hotels and restaurants, many of which were global luxury brands that had outlets in Singapore. Both of them have also been plant-based for many, many years and were working on some delicious early prototypes of Mwah! products. 

    We connected in those days (before Next Gen Foods, Mwah!, or TiNDLE even existed) and shared similar outlooks and approaches in developing great consumer food brands – that also just so happened to be plant-based. Like we’ve done with TiNDLE, Mwah! was looking at taste and texture as key drivers of a great consumer experience, and so we kept in touch and supported as mentors and helped incubate Mwah! into what it is today. 

    Courtesy Next Gen Foods

    Green Queen: Will the team be staying on?

    Andre Menezes: Damian and Claudia will remain as co-founders and lead the development of Mwah!. With the acquisition though, we see a lot of synergies and areas of opportunity for the TiNDLE and Mwah! brands to collaborate and share resources.

    Green Queen: Ice cream seems quite different from meat as a category. Why not go for plant-based fish or cheese to complement your existing products? 

    Andre Menezes: When Timo (Recker, co-founder and Chairman) and I started Next Gen in 2020, we didn’t intend to only develop one core product and stick with it. We wanted to offer a diverse range of global food brands and products that were not only great-tasting and high-quality, but also could make an impact on the planet. We started with chicken first, of course, but we’re always looking to enter other categories (including other meats, seafood, and dairy) after successfully launching TiNDLE. We always start with consumers and the emotional connection they have to food, and both delicious chicken dishes and ice cream share indulgence when it comes to that emotional experience.

    We also see immense growth in the plant-based dairy market, which is expected to reach over USD 31.5 Billion by 2028. Right now, many plant-based dairy products are focused on the source (i.e. oat milk from oats, soy milk from soy, etc.) and not necessarily on experience and flavor. What we found impressive about Mwah! is that they aren’t limiting themselves to a dairy alternative source (e.g. cashews, dates, oats, etc.), but instead are focused on the right source for the right consistency and creaminess of the product being developed.

    Gelato is a tough consistency and experience to perfect (if not one of the toughest for dairy products), but we found that in tasting Mwah! that they were able to emulate that unique flavor and creaminess of dairy. So far, we’ve seen that they’re one of the first to do this for the plant-based dairy category that rivals some of the world’s greatest ice cream and cheese makers.

    The post TiNDLE Parent Next Gen Foods Acquires UK Plant-Based Gelato Startup To Recreate ‘Memorable Falvor of Dairy’ appeared first on Green Queen.

  • 3 Mins Read

    The New Zealand-based women-led precision fermentation start-up, Daisy Lab, has successfully closed an oversubscribed Seed funding round.

    The NZD $1.5 million (USD $930,000) Seed investment was led by The Values Trust, Icehouse Ventures, and Outset Ventures. Daisy Lab says it will use the funding to scale up production of its microbial whey protein and continue its research into caseins.

    Dairy-identical protein

    Daisy Lab aims to use its technology to produce high-quality, dairy-identical proteins without the need for cows in order to deliver dairy that reduces greenhouse gas emissions, land use, and water use. Animal agriculture is currently New Zealand’s largest contributor to greenhouse gas emissions. Daisy says the technology has the potential to revolutionize the food industry and address some of the planet’s most significant challenges, such as climate change and food insecurity.

    “We are thrilled to have closed our seed funding round and are grateful for the support of The Values Trust, Icehouse Ventures, Outset Ventures, Even Capital, and our other investors, among whom are a number of experienced angel investors like Paul Davidson, Serge van Dam and Adam Clark,” Daisy Lab co-founder and CEO, Irina Miller, said in a statement. “This funding will allow us to accelerate the development of our precision fermentation technology and bring our innovative products to market quicker.”

    New Zealand has a long history of dairy innovation, said Emily McIsaac, Daisy Lab co-founder and Operations Manager. “We are looking forward to strengthening our collaboration with the food industry and contributing to the transformation of our global food system”.

    “We have an ambitious vision for the future of food production, and this funding will help us get there faster,” said Dr. Nikki Freed, co-founder and Chief Science Officer. “We are excited to continue developing our technology and bringing our innovative products to market.”

    Daisy Lab team

    According to Sarah Park, Co-Founder and Managing Partner at Even Capital, Daisy Lab’s all-female founder team has the “enviable combination” of domain-expertise, scientific pedigree, and grit. “The company’s infographic, depicting 80 dairy cows being replaced by one precision fermentation tank to produce dairy-identical proteins, was a hugely impactful and enlightening moment. As investors, they are looking for solutions that can meet global demands as well as having a positive environmental impact.”

    The Daisy Lab team
    The Daisy Lab team | Courtesy

    Precision fermentation is a rapidly growing field that allows companies to produce high-quality proteins and other biomolecules without the need for animal agriculture. Daisy Lab joins category leaders including Perfect Day and Remilk in developing novel ways to produce dairy-identical proteins using precision fermentation.

    The raise comes as the company announced the appointment of Leon Clement as the Board Chair. Clement has more than 20 years of experience in the traditional dairy industry, having held senior leadership positions in consumer products and dairy manufacturing across multiple geographies. He will work closely with Daisy Lab’s leadership team to provide strategic guidance and support as the company continues to grow and innovate.

    The post Daisy Lab Closes a $1.5 Million Seed Round to Redirect Dairy-Dependent New Zealand appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 12 Mins Read

    No single approach will offer a silver bullet solution to all problems within the food system — no matter how large the opportunity or dire the need.

    When expectations exceed reality, outcomes that may normally be considered successes are seen as failures. I’ve been witnessing the disconnect between expectations and reality in sustainable food for a while now.

    On one side, there’s the pitch that individual startups will save the planet and take over the multi-trillion dollar industrial animal agriculture industry along the way. This side pitches the idea of food companies growing in ways only seen in the tech space, since the need is so dire and the opportunity for disruption is so massive. This has inevitably led to food startups being valued like tech startups, with expectations that the size and rate of growth will be immense.

    On the other side, there’s the reality that regardless of the amount of R&D, IP, or clever marketing tactics, all of these companies are simply producing food for people to eat. They take different amounts of time and money to scale, and they should be valued like….food companies. Maybe a premium can be applied to some with exceptional solutions to certain problems, but they are still food companies.

    Recently Beyond Meat has been painted to have lost $13 billion dollars of value; however, I would argue that it never should have been valued that highly in the first place. Historically, CPG food companies are valued between 2–5x revenues. There are outliers to that, but generally, 2–5x is the norm. Knowing this, it’s clear that at a $14 billion market cap, which was over 35x revenues, Beyond Meat was highly overvalued.

    Public market investors had expectations that were not based on reality. The reality is that Beyond Meat is a CPG food company generating ~$450M a year in revenue and selling food for consumers to eat. With 2–5x revenue being the norm, it is reasonable to expect Beyond Meat to trade at a market cap between $900M and $2.3B. If some want to price in rapid growth, then going a bit above $2.3B could make sense, but it’s hard to argue a 35x+ revenue multiple being grounded in reality.

    Now imagine the perception of Beyond if the story went like this: Beyond Meat IPOs at $800M and steadily grows its market cap to $1 billion. Retail investors who bought in early are now up 25%+, and the decisions by the company to focus on profitability are welcomed in the difficult broader macro-economic environment that’s affecting all industries worldwide. Investors now feel quite positive about Beyond Meat as it goes from being a startup to a larger, more established CPG company.

    The Reality

    Today, Beyond Meat sits at ~$1 billion in market cap, representing an ~2.2x revenue multiple — right in the range of historical norms for CPG companies.

    Despite this valuation being more appropriate, the story of Beyond Meat is one of failure and loss for those with greater expectations. To them, it doesn’t matter that this small food startup became a billion-dollar organization. Instead, it is a major letdown.

    Now, when looking at other areas within the sustainable food ecosystem, the goal should be to set realistic expectations, so companies progressing our food system are not portrayed as meaningless failures.

    So how do current expectations in cultivated meat mesh with reality? Let’s talk about it.

    Big Things are Happening in Cultivated Meat

    After many years of splashy headlines and big promises, the cultivated meat space has recently seen some major progress. In 2022 alone, there seemed to be a new major event happening worldwide on a continual basis.

    Some developments to note are:

    1. January: San Diego-based cultivated seafood company BlueNalu collaborated with sushi restaurant operator Food & Life Companies to develop bluefin tuna for Food & Life Companies’ 1,000+ restaurants across Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, and mainland China.
    2. February: One of Asia’s largest food and biotech companies, CJ CheilJedang, is entering the cultivated meat industry in partnership with KCell Biosciences, a startup focused on cell culture media. The companies will construct a cell culture media facility in Busan, South Korea.
    3. March: Israel-based SuperMeat announced a strategic partnership with large Japanese food manufacturing company Ajinomoto to pool R&D capabilities for the development of cultivated meat products.
    4. April: Mogale Meat and Mzanzi Meat develop Africa’s first cultivated chicken breast and beef burger, respectively.
    5. May: Israel-based cultivated meat company MeaTech 3D announced that its subsidiary Peace of Meat signed a strategic agreement with mycoprotein company ENOUGH to develop hybrid cultivated and fermentation-based products.
    6. June: China-based cultivated meat startup Joes Future Foods debuted China’s first cultivated pork belly at the New Technology Conference.
    7. July: Shiok Meats signs a partnership with Minh Phu Seafood, Vietnam’s largest conventional shrimp company, to develop a combined R&D facility focused on cultivated meat.
    8. August: Singapore-based Gaia Foods (a subsidiary of cultivated seafood company Shiok Meats) and Switzerland-based Mirai Foods have entered a strategic partnership to develop cultivated beef. The companies will collaborate on ingredients manufacturing and distribution, with plans to launch cultivated beef in Singapore and Switzerland.
    9. October: Vow Foods opened the largest cultivated meat facility in the southern hemisphere.
    10. November: APAC Cellular Agriculture signs MOU solidifying “cultivated” nomenclature.
    11. NovemberTasting of GOOD Meat at COP27.
    12. December: GOOD Meat’s cultivated chicken becomes the first cultivated meat to be sold in a butchery.

    *Thanks to our friends at The Good Food Institute for this list!*

    With all of this buzz, it feels as if this potentially game-changing solution may be in the mouths of US consumers soon. This felt even more feasible after the US FDA gave the green light to UPSIDE Foods’ cultivated chicken, showing signs of major regulatory progress required for the sale of cultivated meat.

    One additional announcement that caught major attention, including my own, was the move by Believer Meats to build the world’s largest cultivated meat plant in Wilson, North Carolina. This 200k square foot facility is expected to cost ~$124M to build (a fraction of the company’s most recent $347M Series B) and produce 10,000 metric tons of cultivated meat.

    This Feels like a Big Deal

    On an absolute basis, this is a big deal. Ten thousand metric tons of meat is a lot.

    To put this into perspective, consider the following:

    • 10k metric tons is equal to 11,023 US tons (because in the US, it’s always fun to make things make slightly less sense), or roughly 22M pounds (that’s a lot of chicken).
    • How many chickens exactly? Since the average broiler chicken is 6.46 lbs and accounts for 20% loss during processing, the average amount of meat per chicken is roughly 5.17 lbs. Therefore, Believer Meats would be saving the lives of 4.27M chickens annually with this one facility. To put that into perspective, if all of those chickens were their own city in the US, they’d make up the second-largest city in the country, only behind New York City.
    • As for feeding people, chicken consumption per capita in the US was at 100.6 lbs, meaning this facility could satisfy chicken demand for 219,147 people. That’s the same as feeding the entire city of Tacoma, Washington.

    Saving over 4M lives and feeding over 200k people would be quite the achievement.

    But What About the Financials?

    Believer Meats is far from a charity, and there have been many question marks around the economics of cultivated meat companies, especially given the large amounts of investment dollars they’ve raised.

    To understand what potential revenue from this plant could look like, we can apply a basic approach:

    • Start with current chicken prices, which sit at $2.72 per pound for chicken breast
    • Apply a premium to account for Believer Meats being one of the first companies in history to offer cultivated chicken to consumers. Picking this premium isn’t easy, but I’m making the assumption that much of the first chicken products created from this facility will be sold in high-end restaurants (or to consumers who can afford a major premium). If we apply a 5x premium, then we can assume Believer Meats is selling products for $13.60/pound. Maybe it will be higher, maybe it will be lower. I have no clue.
    • At $13.60/pound, and 22M pounds, that represents annual revenues of ~$300M

    That topline number of $300M from one facility can vary widely depending on the assumptions and the approach used by Believer. Pricing assumptions can be changed, and even slight changes in the expected inclusion rate of cultivated cells versus plant-based ingredients can drastically change the amount of product available for sale (i.e., 100% cultivated vs 50/50 cultivated/plant-based).

    $300M may be both a high or low estimate, but either way, the path to real dollar creation is much more tangible. Considering Believer Meats mentioned an ability to create chicken breast for $1.70, as well as ~$6M of annual salaries for plant employees, it also seems positive unit economics are not out of the question (though I am a bit skeptical on the $1.70 number).

    Additionally, while the company may have had to foot the bill for this first major facility, this will allow them to prove out the operations and economics of a cultivated meat facility, thus allowing them to tap into traditional capital market mechanisms for CAPEX financing needs for future builds (i.e., project finance/debt).

    So it looks like the end of industrial animal agriculture is here, and that the economics are on the side of cultivated meat, right?!

    Time to Reel In Those Expectations

    As amazing as these achievements are for an individual company, it’s just the very beginning for the space in terms of true impact on the food system.

    In terms of overall consumption, the Believer Meats production of 10k metric tons of chicken represents just 0.02% of the ~49M metric tons of meat produced in the US annually, and 0.008% of the ~133M metric tons of poultry produced globally.

    And that’s just the US meat and global poultry market for comparison. When we look at the overall meat space, that number jumps up to almost 350M metric tons plus another ~200M metric tons of seafood.

    Now if we assumed any cultivated meat facility could produce 10k metric tons of meat or seafood annually, then to fill the demand for the ~500M metric tons currently produced would require 50,000 facilities. At $100M per facility (~20% lower than the Believer Meats facility cost), that implies ~$5 trillion (with a “T”) of CAPEX costs for the facilities alone.

    Let’s also not forget that meat consumption is not static and is expected to rise dramatically over the next few decades to 555M metric tons (from the ~350M today). This 205M metric ton increase, alone, would require ~$2 trillion of CAPEX costs for the facilities (this doesn’t account for increased seafood consumption).

    To date, total investments in alt proteins over a 12-year time frame are sitting around $15B. At this rate of investment, it will take about 3,000 years to fund the CAPEX needed to create enough cultivated meat facilities that would replace industrial animal ag in its entirety.

    Yes, in reality, cultivated meat companies will be able to tap into traditional capital markets (i.e., project finance) once operations are more proven, so larger dollars will flow into the space faster.

    And yes, these are all projections with major assumptions, and “garbage in, garbage out.” So just for the sake of it, let’s say I’m off wildly on the $7+ trillion CAPEX need and cut it by 85%. That’s still $1 trillion of CAPEX needed.

    No matter how you look at it, the reality is that cultivated meat is not on the cusp of completely upending the traditional animal ag market.

    Industry Insiders Know This

    Every person I know in the cultivated meat industry is well aware this is only the beginning. There is not some false understanding from the sustainable food community thinking otherwise.

    So What’s the Issue?

    If industry insiders (i) know about the massive hurdles to be overcome in cultivated meat, AND (ii) that knowledge is widely shared with the public, expectations should be based on reality. This would also mean that no one will be disappointed with the progress of the cultivated meat space. Right?

    Wrong.

    The real problem that exists, resulting in widespread unrealistic expectations, is the portrayal of each sustainable food innovation as if it were the single, silver bullet solution to all issues facing the food system.

    This means each time any new potential solution is presented, it is examined in a silo. This silo shows what it will take for that single solution to solve all of the problems that exist, which unsurprisingly results in the new solution facing impossibly large hurdles.

    This first occurred with plant-based meat alternatives being portrayed as a silver bullet solution. When realism set in, it left the market viewing startups that turned into $1B+ organizations as failures.

    This framing can be applied to any form of sustainable food solutions with the same outcome. Whether it’s plant-based meat, precision fermentation, biomass fermentation, molecular farming, vertical farming, etc. — there is an endless list of sustainable food innovations that will all be presented with impossibly high hurdles to overcome if they are expected to be the one, silver bullet solution to the food system’s problems.

    The reality is that whether it’s plant-based meat or cultivated meat or precisions fermentation dairy, each of them is one of the many solutions needed to shift to a sustainable food system and it will serve its intended purpose — to reduce the reliance on industrial animal agriculture as the sole source of real, animal-based meat and seafood for those (i) not willing to give it up and (ii) open to eating products produced in this manner.

    The New Expectation

    Going forward, expectations for any sustainable food solution should be based on the reality that it will be one of many solutions filling a need in the food system. No single solution will take over the entire market, address every need, or attract every consumer. Instead, all solutions will collectively work together to take a bite out of the currently unsustainable multi-trillion-dollar global food system with the hope that they all help us reach a symbiotic relationship with the planet.

    Additionally, continual innovation will occur within each industry, allowing them to become better, more efficient, and more desirable to consumers. There will also be new innovations that emerge, unlocking entirely novel opportunities that could improve our food system further. Maybe these new innovations will address major hurdles in existing segments (i.e., growth media costs, bioreactor scalability, downstream processing costs, etc.) or create new categories entirely.

    As investors in the sustainable food space, we have seen first-hand how new innovations emerge over time, opening up entirely new opportunities. The types of companies and technologies in which we invest today are noticeably different than what we invested in back when the industry was first emerging. And, we fully expect to see opportunities five years from now being different from what we see today.

    The one timeless consistency is that each new innovation has the potential to help catalyze a shift to a more sustainable food system.

    Where Do We Go From Here?

    For cultivated meat, for example, the new expectation should be that it will likely be a smaller fraction of the overall animal agriculture market. How small? — That’s not clear. Maybe it becomes 1% by 2050 (5M+ metric tons) and there are only a handful of successful companies in the space owning a share of the $50B+ cultivated meat industry. Or, maybe It’s 10% (50M+ metric tons) and there are many successful companies owning a share of a $500B+ industry.

    A lot of that depends on continued innovation, cost reductions, and scale, but either way, the cultivated meat industry has a chance to be one of the many food system solutions our planet needs, while also creating a multi-billion dollar industry that does not currently exist.

    The same can be said about the myriad of potential solutions — they may all have a chance to be one of the many food system innovations we need with the potential to create meaningful impact and value. And none offer a silver bullet solution.

    Without question, hyperbolic statements will continue to be made making us think otherwise:

    • Startups will continue to make grand claims to attract investors
    • Investors will continue to hype up their portfolio companies
    • Activists and non-profits will continue to emphasize the urgency
    • And, reporters will continue to create clickbait headlines that are overly optimistic or pessimistic, because expectations based on reality are boring

    Despite this, reality will sit somewhere within all of this noise, so we must constantly remind ourselves that (i) many solutions are needed and (ii) the opportunity is so large that all solutions have the chance to create meaningful impact and value.

    A failure to shift our expectations will result in widespread disappointment and possibly lead to an underinvestment in innovations with legitimate potential for positive change.

    Set expectations, accordingly.

    A version of this article was previously published on Medium

    The post Expectations vs. Reality: It’s Time To Change The Investor Conversation Around Sustainable Food appeared first on Green Queen.

  • 3 Mins Read

    Eat Just Inc has launched new ready-to-eat frozen meals made with its popular plant-based folded egg, partnering with cult condiment brand Fly By Jing on the first flavor.

    Eat Just’s plant-based egg division, JUST Egg™, has debuted a new line of frozen breakfast ready meals dubbed JUST Egg Meals featuring vegetables mixed with bites of its JUST Egg folded products in what the company describes as “only fully plant-based breakfast options available at major retailers”. The range will roll out at Whole Foods Market stores across the country this month, followed by a wide selection of other retailers over the next months.

    “Developing innovative and delicious new ways to eat JUST Egg is at the core of what our team does every day, and I’m immensely proud of this new product because it gives people a simple and quick way to enjoy a wholesome and flavorful plant-based meal to start the day,” said Chef Nate Park, JUST Egg’s director of product development.

    The range’s first flavor, Chili Crisp, features plant-based egg bites, sugar snap peas, roasted red pepper, and carrots mixed with the cult condiment Fly By Jing, a spicy Sichuan sauce made from chillies, fermented black beans and crispy shallots.

    “We were thrilled to partner with Fly By Jing to add a bold, savory spice to the dish, which ties it all together,” added Park.

    Convenient, high in protein and plant-based

    JUST Egg Meals are sold in the freezer section and are priced at $7.99-$8.99. The company says the meals are convenient and simple to require- according to a statement: “simply toss it in a skillet straight from the freezer”.

    Each meal offers 9 grams of protein which primarily comes from mung beans, just like the company’s other plant-based egg products, and marketing materials point out this is higher than the average chicken egg per serve (around 6 grams of protein for a large-sized egg).

    According to the company, the brand has achieved its highest-ever household penetration since launching four years ago and its JUST Egg Folded product, which came onto the market in 2020 grew 24% in dollar sales in 2022 and has one of the highest repeat purchase rates among consumers in the frozen breakfast meal set.

    Courtesy Eat Just Inc.

    ‘Plants don’t get the flu’

    The US has been undergoing egg shortages after a series of deadly avian flu outbreaks. Faced with empty supermarket shelves or eggs on sale at record prices, consumers have been cutting back on chicken egg purchases and exploring alternatives such as Eat Just’s liquid and folded products made from mung beans, which are sold nationwide.

    The company went on a marketing spree, taking out an ad in the New York Times with the cheeky slogan “plant don’t get the flu” and taking over digital ad space at 800+ EV charging stations outside major supermarkets.

    “We’ve reminded consumers and customers… that we’re available,” Matt Riley, Eat Just’s chief revenue officer told CNN. “Solving for crises like this is one of the primary motivations for us to exist.”

    A focus on profitability

    Last week, founder and CEO Josh Tetrick announced the company was shaving off close to 18% of its employees (about 40 staff members, most of them US-based). Tetrick said that despite record sales volume for their liquid and folded plant-based egg products, in part driven by the chicken egg shortages, Eat Just’s egg division is still not profitable and his 2023 focus was getting there. He said that other measures towards that goal included reducing ingredients costs and increasing production efficiency. “We should be at the place where it’s able to operate profitability without the need for any external capital,” Tetrick said.

    The post Plant-Based Egg Leader Debuts New Frozen Breakfast Meal Range Amidst Focus On Profitability appeared first on Green Queen.

  • burger

    3 Mins Read

    Cargill, the world’s third largest meat producer, has recently announced its extending its partnership with food tech startup Cubiq Foods to co-develop and commercialize plant-based fat technologies.

    The agreement aims to accelerate the commercialization of Cubiq’s novel fats, including its Go!Drop emulsion — a fat designed to bring a more realistic taste and texture to plant-based meat and dairy products.

    Plant-based fat

    Cargill invested in Cubiq last spring when it joined a $5.75 million funding round led by Moira Capital Partners, SGEIC and Newtree Impact. Cargill, which saw revenue of more than $114 billion last year, participated in the round and announced its plans to extend its partnership with the Barcelona-based fat producer.

    Go!Drop is made from an emulsion of vegetable oils and water and Cubiq says it can be widely used across food product development. The partnership also gives Cargill access to Cubiq’s existing plant-based portfolio of ingredients that include plant proteins and texturizers, along with traditional fats and oils.

    Cubiq Founders Jordi Bladé, Dr. Raquel Revilla, and Andrés Montefeltro
    Cubiq Founders Jordi Bladé, Dr. Raquel Revilla, and Andrés Montefeltro | Courtesy

    “By embracing new technologies, harnessing our full ingredient toolbox, and leveraging our global application knowledge, we’re poised to accelerate the development of the next-generation plant-based products,” Vivek Cherian, Meat and Dairy Alternatives Category Leader for Edible Oils at Cargill, said in a statement. 

    “Signing the joint development and commercial agreements represents the next phase in our partnership, as our groundbreaking technology is now ready for application development, production scale-up and widespread commercialization – roles that Cargill is uniquely equipped to help us advance,” said Andrés Montefeltro, Cheif Executive Officer at Cubiq Foods. “Together, we’ll help food manufacturers and consumers reimagine what’s possible in the quest for healthy and satisfying foods.”

    Closing the ‘flavor gap’

    The partnership represents a joint effort to close the “flavor gap” in plant-based foods by replicating the visual appearance, mouthfeel, and bite of conventional animal fat.

    Cargill CEO David MacLennan. Photo by Cargill.

    Cargill says most current plant-based options do not meet consumers’ expectations for taste and quality. It says Cubiq’s line of “smarter” fats can help to enhance the flavor profile of plant-based products, while also offering many advantages over traditional animal fats and tropical oils used in food production.

    The partnership builds on the increasing commercialization of plant-based food technologies. According to a report by Meticulous Research, the global plant-based food market is expected to reach $74.2 billion by 2027, growing at a CAGR of 11.9 percent from 2020 to 2027.

    This growth is driven by several factors, including increasing consumer demand for plant-based products, concerns over the environmental impact of meat production, and advancements in food technology.

    The post $114 Billion Meat Giant Cargill Partners With Cubiq Foods to Scale Plant-Based Fat appeared first on Green Queen.

  • 3 Mins Read

    Dutch cultivated meat pioneer Mosa Meat has announced a partnership with its investor Nutreco to develop a cell feed supply chain.

    The Letter of Intent signed with Nutreco will support the development of a cell feed supply chain that can expedite production and scalability, Mosa Meat announced. Nutreco is an expert in developing sustainable feed solutions for animal agriculture.

    Food-grade cell feed

    The company’s scientists say they have successfully substituted more than 99 percent of the base cell feed by weight with food-grade ingredients marking an industry milestone for cultivated meat development. According to Mosa, it’s proof that producing high-quality cultivated meat with food-grade ingredients can be done at a lower price point.

    A burger made from Cultured Beef, which has been developed by Professor Mark Post of Maastricht University in the Netherlands. PRESS ASSOCIATION Photo. Issue date: Monday August 5, 2013. Cultured Beef could help solve the coming food crisis and combat climate change. Commercial production of Cultured Beef could begin within ten to 20 years. Photo credit should read: David Parry/PA

    “Our partnership with Nutreco represents our commitment to further develop the cellular agriculture supply chain and bring down costs,” Maarten Bosch, CEO of Mosa Meat, said in a statement. “Our scientific results are an industry first, proving that food-grade ingredients perform equivalent to pharma-grade in cell feed. This will represent a significant cost savings as we scale up production.”

    “At Nutreco, we innovate to produce feed ingredients more sustainably and create feed formulations optimised to deliver the highest yields for protein producers. Through our collaboration with Mosa Meat, we mastered a crucial step in creating affordable, food-safe and scalable nutritional solutions for the cultivated meat industry,” said Susanne Wiegel, head of the Alternative Protein Programme at Nutreco

    The announcement builds on a REACT-EU grant Mosa Meat and Nutreco received in 2021 for their collaborative Feed the Meat project aimed at reducing cultivated meat costs while also filling out the supply chain for scalability.

    Reducing media costs

    One of the main challenges of cultivated meat is the high cost of producing the cell feed — the nutrient-rich broth that cells are grown in. Mosa Meat says recent experiments saw fully maturing beef cells that were fed solely with food-grade substitutes — delivering similar cell density to cells fed with more costly pharma-grade material.

    Photo by Louis Reed at Unsplash.

    Mosa Meat is a pioneer in the cultivated meat category; in 2013, it unveiled the world’s first hamburger made from lab-grown meat, which cost €250,000 to produce. Since then, the company has been working on reducing the cost of producing cultivated meat to make it more affordable and accessible. In 2022, it published its technique for replacing the controversial growth medium, fetal bovine serum, in the journal Nature Food. It achieved that milestone without genetically altering cells.

    The post Mosa Meat’s New Cell Feed Supply Chain Will Bring Cultivated Meat Prices Closer to Conventional appeared first on Green Queen.

    This post was originally published on Green Queen.

  • heura burgers
    3 Mins Read

    Spanish-based plant-based food tech startup, Heura, says it increased its international sales by more than 260 percent in 2022, defying category dynamics.

    Despite the global economy and the stagnant U.S. plant-based market, Heura says it increased its turnover by 80 percent in 2022 with a focus on technology and sustainability as it helps to lead the European plant-based movement.

    Dominating Spain’s plant-based meat category

    Heura says its efficient and scalable model has led it to dominate Spain’s plant-based category growth, owning 80 percent of the increase.

    It’s also seeing rapid expansion across Europe; in 2020, only six percent of its sales occurred outside Spain; by 2021 it hit 12 percent, and 23 percent in 2022.

    Heura sausages | Courtesy

    The U.K. saw a sixfold increase in availability last year with one of the region’s leading supermarket chains, Waitrose stocking the products. France’s increased interest in plant-based options at major retailers Super U and Casino Géant contributed to 30 percent of the overall plant-based category growth in France. Heura says it also increased sales in Italy by 240 percent and expanded in the DACH region, with major retailers Billa (Austria) and Migros (Switzerland) stocking its products.

    Heura says it has become the brand with the highest level of repeat buys in the plant-based category at more than 50 percent. The company dominates the top-ten plant-based SKUs in Spain at 60 percent. It says new product innovations contributed to 37 percent of sales last year. H

    Food service partnerships including Domino’s Pizza in Spain, Dishoom in the U.K., and Poke House in Italy have helped to open up new revenue streams and product development. Heura also partnered with companies including Irco Restauración Colectiva, Iberoject, and Tutti Food Group to increase plant-based options in schools and airlines.

    Advancing plant-based food tech

    Heura also launched Good Rebel Tech (G.R.T.) — a new approach to food technology that provides a competitive advantage and solves some of the biggest category challenges including nutrition density and taste. Heura says G.R.T. delivers on taste and texture — something it says is evident in its more than 50 percent repeat rate and that its customer base is 90 percent flexitarians.

    Heura founders Bernat Ananos Marc Coloma
    Heura founders Bernat Ananos (l), Marc Coloma (r) | Courtesy

    “The last year was a pivotal one for Heura,” Heura co-founder and CEO Marc Coloma said in a statement. “Each step forward for Heura in 2023 is designed to lead a net-positive food system by 2028. We are working to democratize delicious nutrient-dense foods that have a positive climate impact for people across Europe. Our experienced R&D team and world-leading academic and expert partners are creating proprietary technologies that will change the face of the plant-based food industry and unlock the true potential of the movement.”

    The banner year for Heura also comes as it joined the UN Global Compact effort, working to develop more sustainable technologies for a net-positive food system. Heura will conduct comparative LCAs for all of its products later this year.

    The post Heura Saw a 260% Increase In International Vegan Meat Sales in 2022 appeared first on Green Queen.

    This post was originally published on Green Queen.

  • Meatiply's cultivated duck meat
    3 Mins Read

    A new study suggests that there is a positive correlation between consumers’ psychological well-being and their willingness to consume cultivated meat.

    Researchers at Singapore Management University’s School of Social Sciences surveyed 948 Singaporean adults in June and July 2022 using an online questionnaire with the goal of examining the relationship between psychological well-being and their willingness to eat animal meat derived from cellular agriculture. The findings were published in the peer-reviewed journal Science Direct.

    This marks the first time that research has shown there is a positive relationship between a person’s psychological well-being and their willingness to consume cultivated meat. The results reveal that the increased willingness of the participants to eat cultivated meat can be further explained by a better understanding of the benefits of cultivated meat including its safety and its societal benefits.

    Higher well-being and willingness to eat cultivated meat are linked

    Professor Dr. Angela KY Leung, Ph.D., who co-led the study, told Green Queen that the general hypothesis they had when conducting the study was a positive correlation between psychological well-being and acceptance of cultivated meat. 

    Leung said well-being was defined as a positive mental state. “This has to do with people’s cognitive and affective evaluations of their life. The cognitive component concerns people’s appraisal or perception of life satisfaction, and the affective component concerns their emotional experiences (i.e., the experience of higher levels of positive emotions or lower levels of negative emotions).”

    Sample questions included: “In the past month, how often did you feel…(never to everyday)?” with participants able to choose between the following answers: Happy; Interested in life; Satisfied with life; That you liked most parts of your personality; That your life has a sense of direction or meaning to it.

    The researchers told Green Queen that while they were not very surprised by the findings, it was encouraging to see the research providing empirical evidence to support a positive relationship between people’s psychological well-being and their receptivity to the novel food of cultivated meat for the first time.

    Leung said: “It is also very insightful to find out why higher well-being people tend to have a more accepting attitude towards cultivated meat – their higher willingness is driven by the perception that cultivated meat is as healthy and nutritious, as safe as, and has the same sensory quality as conventional meat, and is beneficial to the society.”

    Marketing takeaways for cultivated meat companies

    When asked what cultivated meat companies and ecosystem players could take away from this research, Leung said that startups should focus on the well-being profile of their future consumers, target higher well-being individuals, and make use of information related to health and safety issues and societal benefits afforded by cultivated meat in their information campaigns and company materials.

    She added that they should also look at country happiness and well-being indices to focus their marketing efforts on geographies with a higher happiness index. “They can seek to first promote greater awareness of cultivated meat in these societies, and over time higher public acceptance can be picked up by other countries to make advocacy efforts more effective.”

    Leung said that cultivated meat companies should consider leveraging search advertising in their go-to-market strategies, targeting higher well-being consumers in ads and other digital marketing campaigns who are likely to perform online searches using keywords such as ‘healthy meat’, ‘safe meat’ and ‘environmentally friendly meat’.

    Asian consumers open to cultivated meat

    There is still very little research on consumer attitudes towards cultivated meat though separate studies conducted in Singapore and Hong Kong suggest Asians have a positive initial view of such products compared to Australians, with one study showing that Indian and Chinese people have a more favorable view of the technology than participants in the US. According to findings published last year, “food neophobia and uncertainties about safety and health seem to be important barriers to uptake of this technology.”

    The post Higher Well-Being Consumers Are More Willing To Consume Cultivated Meat, Shows New Research appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 3 Mins Read

    Israeli cultivated meat manufacturer Aleph Farms has announced the acquisition of a manufacturing facility in Modi’in, Israel, and related assets from biotechnology firm VBL Therapeutics, along with a new manufacturing agreement with ESCO Aster in Singapore.

    Aleph Farms says it’s moving closer to increasing its production capabilities with its two new arrangements in key markets. Israel ranks second globally in cultivated meat investments, and Singapore is currently the only country that has approved cultivated meat for sale and distribution.

    Aleph says it plans to bring its thin-cut steak grown from cells to market in both Israel and Singapore.

    A clear roadmap to scalability

    “Building up production capacity quickly in those locations while keeping capital investment lean provides a clear roadmap to scalability,” Didier Toubia, CEO, and co-founder of Aleph Farms, said in a statement. “Beyond Israel and Singapore, we plan on building additional strategic assets worldwide as part of our effort to bring more security and resilience to food systems.”

    aleph farms facility
    Aleph Farms’ 65,000-square-foot facility in Rehovot, Israel. Photography: Amit Goren

    Aleph Farms’ acquisition of VBL Therapeutics’ assets and technology transfer from its pilot production facility in Rehovot, Israel, will increase local output in response to the rising demand for quality protein, the company says. Dror Harats, MD, Chief Executive Officer of VBL, said its state-of-the-art facility will enable Aleph Farms to “unlock value and ramp up local production.”

    ESCO Aster is the world’s first and only company with full regulatory approval from a government authority to produce cultivated meat for commercial sales and consumption. It works with California’s Eat Just to produce its cultivated Good Meat, the only approved cultivated meat for sale in the world.

    Aleph Farms aims to be the second; it will work with ESCO Aster to expand production in Singapore. The partnership will enable the company to work towards its goal of establishing agri-food capabilities that can satisfy 30 percent of Singapore’s nutritional needs locally and sustainably by 2030.

    “We are proud to be working with Aleph Farms to bring its cultivated steak to Singapore,” said Xiangliang (XL) Lin, CEO of ESCO Aster and Deputy CEO of ESCO Lifesciences Group. “As part of our contract manufacturing MOU, we will work together with religious authorities on obtaining a halal certificate for our facility, enabling our collaboration with Aleph to expand to even more of the broader region.”

    Cultivated meat in Israel

    The demand for sustainable protein such as cultivated meat is on the rise globally as concerns about the food system continue to point to necessary shifts in the agricultural sector.

    Aleph Farms Cultivated Beef Steak
    Aleph Farms’ aims to bring its kosher-certified cultivated steak to market this year. | Courtesy

    According to a recent report by Meticulous Research, the cultivated meat market is expected to grow from $12.9 million in 2020 to $572.5 million by 2030. The report also notes that the Asia Pacific region is expected to grow at the highest CAGR due to the increasing demand for meat alternatives.

    Israel continues to be a leader in the cultivated meat category, according to a recent report from the Good Food Institute. The report notes a 130 percent increase in early-stage Israeli-alt protein companies between 2021 and 2022, and last year, Israeli-based cultivated meat companies raised more than $450 million — second only to the U.S.

    The post Aleph Farms Increases Its Cultivated Meat Capabilities With 2 Key Moves appeared first on Green Queen.

    This post was originally published on Green Queen.

  • 3 Mins Read

    Beyond Meat founder Ethan Brown spoke to analysts during an earnings call with confidence and optimism for 2023, promising to better market the health profile of its products, improve the taste of one of its “core platforms” and lower prices.

    It’s hard to argue with the fact that the company had a rough 2022 but after releasing better-than-expected results thanks to improved gross margins, Beyond may be turning a corner.

    “As we navigate current conditions, we remain intently focused on positioning Beyond Meat to capture the vast opportunity to be a major protein provider in the $1.4 trillion meat industry and play a leadership role in transitioning global consumers to delicious plant-based meats in support of critically important health, climate, environmental, and animal welfare objectives”, Brown said in a statement.

    BYND performance in numbers

    In its latest earning reports, Beyond shared that fourth-quarter revenues are down 20.6% year on year, with net revenues at $79.9 million. While revenues are down 9.8% at $418.9 million for the full year of 2022 aswell, with net losses at $366.1 million, annual performance met the earnings expectations range of $400 to $425 million set by the company last October.

    The stock may still be a ways off its May 2019 IPO price of $25, the BYND stock has rallied of late, closing at $18.77 yesterday (February 27) from a low of $11.82 in November.

    In a bid to strengthen the company’s position, Brown outlined a strategy that looks to reduce operational expenses and improve margins. The company reduced its headcount by close to 20% this past October, is decreasing some marketing efforts and focusing on more targeted campaigns for key demographics, is lowering the number of co-packers it works with in North America from 8 to 3 and says it is reducing its inventory by 17%.

    From growth above all to long-term sustainability

    Brown told analysts that he believes the changes the company has made to transition from an “operating model that prioritizes growth above all” to a  “sustainable long-term growth” model are working. “We have confidence that the efforts properly done will over time generate outsized gains,” he said. “We are demonstrating clear and meaningful early progress.”

    Brown spoke about the work the company continues to do to decrease product pricing: “As our volumes increase and we start to take advantage of some of the manufacturing improvements we’ve made and start to get to some of the lower-cost ingredients that we’ve been able to negotiate, you’ll start to see a more sustained, lower cost product.”

    On the subject of cashflow CFO Lubi Kutua kept things open-ended, saying the company would go out for funding “if it makes sense for us to do some sort of a raise and put more of a buffer on the balance sheet” adding that the company says it plans to be cash flow positive by the second half of the year.

    “Skeptics, rarely, if ever, make progress happen”

    Concerns around the future of the US plant-based meat industry can feel like misinformed media hype, with Beyond competitor Impossible Foods experiencing strong growth and markets like Asia showing steady and long-term potential.

    Seth Goldman, founder of Honest Tea and Chairman of the Board at Beyond shared his thoughts on the company’s evolution to date and commented on its naysayers in a social media post today, writing: “As with any disruptive idea, there will be skeptics. It’s easy to second-guess the innovator – and since most start-ups don’t work out, skeptics often get to claim they were right. But skeptics rarely, if ever, make progress happen, and we certainly can’t rely on them to reinvent our grossly distorted food system. As BYND continues to make advances, such as Beyond Steak, it becomes easier to envision a day when our grandchildren will find it hard to believe our diets were centered around a system that relied on the misery and slaughter of billions of sentient creatures – animals that have as much personality and desire to live as the dogs and cats we welcome into our homes.”

    The post Beyond Meat Turns A Financial Corner, Promises Lower Prices and Healthier, Tastier Products in 2023 appeared first on Green Queen.

    This post was originally published on Green Queen.