Brief: Nestlé to enter cell-cultured meat market in partnership with Israeli startup
Nestlé is said to be planning a range of products which blend cultivated meat with plant-based protein.
Nestlé is said to be planning a range of products which blend cultivated meat with plant-based protein.
The Israeli company secured the mega-funding from L Catteron and agrifood corporates BRF, Cargill, CJ CheilJedang, and Thai Union.
Having overtaken e-commerce behemoth Alibaba on the active buyers front, Pinduoduo’s looking upstream at alt-protein and logistics tech, its sustainability head tells AFN.
Eat Just raised $200 million in private funding back in March, with its GOOD Meat cell-culturing unit separately scoring $170 million in May.
“We have absolutely no aversion to doing that, we just haven’t had the bandwidth,” he said.
The Israeli startup combines AI-driven technology with exotic and ancient crop types to breed seeds with superior nutritional qualities.
NTU students will learn the science behind cell-cultured, plant-based, and fermented proteins, as well as the market opportunities and regulatory issues they present.
It’s building a “first of its kind” protein factory in the Netherlands with the aim of producing 1 million tonnes of mycoprotein annually by 2032.
The hip hop mogul has invested in a number of agrifoodtech ventures, including Impossible Foods and Oatly.
The Ginkgo Bioworks spinout will use the proceeds from the BlackRock and Ontario Teachers’-led Series B round for R&D, commercialization, and hiring.
The startup said the two products will be sold by restaurant partners at the same, or lower, price points as similar animal-derived menu items.
Glebe Farm owner Phillip Rayner said that “although Oatly are much bigger than us, we do not believe we have done anything wrong.”
He also said that the agribusiness giant doesn’t expect China’s domestic livestock feed industry to become self-sufficient anytime soon.
The New York-based startup will use the funds to expand its team, accelerate new product development, and grow its manufacturing capabilities.
The Singaporean startup has created OnlyEg: a legumes-based ‘whole egg’ replacement that comprises a separate white and yolk.
Two recent research reports have shone a light on the potential role that pulses could play in delivering the Asia-Pacific region’s protein needs.
Monde Nissin raised just over $1 billion in its Philippines IPO – and is earmarking much of it for expansion in the US.
Amendment 171 could have prevented brands from displaying allergen or climate information on packaging – or even from showing images of the product itself.
Oatly appears to fit squarely into an ESG portfolio for public market investors, especially in comparison to many companies being touted as ESG bets.
Danone has been enthusiastic in exploring environmentally beneficial food production methods, often around regenerative agriculture – but also plant-based dairy alternatives.
Sponsored
International Fresh Produce Association launches year 3 of its produce accelerator