Plant-based by numbers (USA): Continued declines for alt meat, more positive news for alt dairy – GFI
US retail sales of plant-based meat fell 12% in 2023 with units down 19%, while plant-based milk sales were up 1% with units down 8%.
US retail sales of plant-based meat fell 12% in 2023 with units down 19%, while plant-based milk sales were up 1% with units down 8%.
GLP-1 drugs are “going to be a big disruptor for the food industry,” says Dr. Justin Shimek at California-based product innovation firm Mattson, which is expanding to the Midwest with the acquisition of Hyde Park Group.
Dutch startup Rival Foods will start deploying shear cell technology—a novel approach to texturizing plant-based proteins that can create whole cuts—at a “commercially viable scale” this summer.
Planted is deploying a “proprietary solid-state fermentation process” to make its beef steaks, says the Zurich-based firm.
“It is more likely than not that a CRISPR-enabled cell line will ultimately be necessary [for profitable production at scale],” says Eat Just CEO Josh Tetrick.
The zero-cholesterol, low-saturated fat eggs are made from a base of soy and chickpea protein plus sunflower oil, with ‘runny’ yolks sealed from the whites by an alginate film.
Spanish plant-based meat startup Heura posted a 22% increase in sales to €38.3m ($41.5m) in 2023 and says it’s on course to turn a profit next year.
Beyond Meat Jerky, the first product to emerge from the firm’s JV with PepsiCo, is being discontinued less than two years after launch.
Despite its ubiquity, attractive amino acid profile and functional bona fides, RuBisCO has not become the plant protein of choice for the food industry. Israeli startup Day 8 hopes to change that…
The startup has entered into an assignment for the benefit of the creditors (ABC), an alternative to formal bankruptcy proceedings that transfers a distressed company’s assets from the debtor to a trust.
Readers of AgFunderNews were glued to stories on indoor ag, regenerative ag, plant-based and cultivated meat, and an ugly spat between Miyoko’s Creamery and its namesake founder in 2023.
The continuous processing system will finally enable meat alternatives to reach cost parity with their animal-based counterparts, claims the Seattle-based startup.
Pea milk maker Ripple Foods has raised $49m in a new round according to an SEC filing, taking its cumulative funding to more than $274m.
With sales declining, gross margins in negative territory, and debts of $1.1bn, what’s next for Beyond Meat?
Two years ago, investors were throwing money at alt protein startups. Today, the environment is way more challenging.
While the beleaguered plant-based meat company achieved positive free cash flow in the third quarter, it does not expect to sustain it in the fourth quarter.
UK researchers say vitamin B12 holds ‘immense potential’ when it comes to the role of biofortified foods in our supply chain.
The binder will be available in the US in 2024 as part of a multi-year agreement between Plantible and ICL.
When you’re on a tight budget, your execution must be “flawless,” says Juicy Marbles CEO Tilen Travnik. “If something is not as tight as it should be, it keeps me up at night because it immediately translates into cash flow.”
Heüra Foods has unveiled its first product—plant-based ‘York Ham-style’ deli slices—manufactured using patent-pending technology that it claims is cheaper and more effective than extrusion at texturizing plant proteins.
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