US retail sales of plant-based foods rose 6.6% to $8bn in 2022, with growth in creamers, eggs, and butter partially offset by declines in meat, ice cream, and cheese, according to new reports from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI). Unit sales fell 3%.
Aqua Cultured Foods has raised $5.5 million in a seed round led by Stray Dog Capital to expand its fermentation-based production platform for high-protein whole cuts of fungi-based seafood.
But the startup needs to get regulatory approval before it can sell its cell-cultured salmon to US consumers.
Cultivated meat and other “future foods” startups raised a total of $127 million in China during 2020.
Cultured Decadence has developed “proprietary cell lines and cell feed” for seafood products including lobster and other crustaceans.
The Chicago-based company will use the funds to commercialize its seafood analogs made with microbial fermentation.
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