Alternative meat and dairy food tech company Nature’s Fynd raises US$80m

USA – Nature’s Fynd, a Chicago-based food tech company making a new-to-the-world protein from a microbe originally discovered in the geothermal springs of Yellowstone’s ancient volcano, has raised US$80 million in a Series B funding […]

Arla enters dairy alternative market with new brand and plant-based products

DENMARK – Arla Foods, one of the world’s largest dairy cooperatives based in Denmark, has entered the dairy alternative market to meet the increasing number of consumers are looking for plant-based products. Arla is initially […]

Global oat drinks market value to nearly double by 2027, FMI projects

WORLD – The global oat drinks market size is expected grow at an impressive 8.2% compounded annual growth rate (CAGR) to reach US$698.8 million by the end of 2027 from US$372.5 million in 2019, according […]

Müller invest in Israeli dairy alternative start-up Yofix Probiotics’ funding round

ISRAEL – Müller Ventures, the early stage investment arm of The Müller Group has invested in clean-label dairy alternatives innovator, Yofix Probiotics, based in Israel. Müller Ventures was part of the new investors in Yofix […]

Plant-based cheese startup Noquo Foods raises US$3.7m in seed funding

SWEDEN – Noquo Foods has raised €3.25 million (US$3.7 million) in a seed funding to help the Swedish startup accelerate its R&D efforts towards developing plant-based cheese. Founded by Sorosh Tavakoli and Anja Leissner, Noquo […]

Harmless Harvest debuts organic dairy-free coconut yogurt alternative portfolio

USA – Harmless Harvest, the maker of organic coconut-based beverages, has expanded its plant-based coconut yogurt alternative products with the launch of coconut water, snack drinks and dairy-free yogurt alternatives. The plant-based coconut yogurt alternative product portfolio includes four flavors […]

Dairy alternatives diversify as the consumer case and complexities evolve

USA – Plant-based innovation in food and beverages is continuing to flourish as consumer interest in health, sustainability and ethics, which ties into the broader consumer lifestyle trend towards cleaner living continue to bulge. A […]

Dairy alternatives startup Perfect Day raises US$140m in Series C funding round

USA – Perfect Day, a California-based dairy alternatives startup has raised US$140 million in Series C Funding round led by Singapore’s investment giant Temasek to help commercialize its ingredients and expand its footprint. The funding […]

Kraft Heinz leads seed funding in animal-free cheese maker

USA – New Culture, maker of animal-free dairy cheese has closed a US$3.5 million seed funding round led by Evolv Ventures, the Kraft Heinz’s US$100 million venture fund. New Culture, which was founded in late […]