Cultured meat startup Meatable raises US$47M to fund growth amid rising demand for animal-free products

NETHERLANDS – Dutch food company, Meatable now has the opportunity to advance small-scale production at the Biotech Campus Delft and to diversify its product portfolio. This is after a successful Series A round that saw the company raise US$47 million from a consortium of life sciences and food investors. The investors included Section 32, , whose founder was the first CEO of Google Ventures, and DSM Venturing, the corporate venture arm of Royal DSM. The round, according to the company, brings the total amount collected so far to US$60 million…

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Kerry’s Richmond brand launches meat-free meatballs in UK as demand for alternative protein soars

UK – Richmond brand, one of Kerry’s most prominent food brands,  has expanded its Meat-Free range by launching new meat-free meatballs and minces in the UK. The launch comes at a time when there is soaring demand for alternative proteins as consumer tastes and preferences shift away from animal proteins. According to a recently released report by Boston Consulting Group (BCG) and Blue Horizon Corporation (BHC), the alternative protein market including meat, eggs, dairy, and seafood will reach US$290 billion in value by 2035. The study also concluded that alternative…

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Nigeria’s first plant-based foodtech startup VeggieVictory completes pre-seed funding round

NIGERIA – Nigeria’s first plant-based food tech startup, VeggieVictory, has closed a pre-seed funding round to expand its product portfolio and reach. Its flagship product is a plant-based meat chunks alternative dubbed Vchunks, a protein-rich analogue developed, produced and packaged locally, and is currently sold in over 12 states in the country. According to reports by Green Queen, the company plans to introduce new products such as vegan beef jerky, which includes soy-based hot dogs, tofu scrambles, meatless burger patties and shawarmas, as well as tailored Nigerian cuisine dishes, such…

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Swiss mineral expert Omya launches new ingredients to support development of plant-based foods

SWITZERLAND – Swiss mineral expert Omya has launched a range of new “natural and Vegan friendly” ingredients to support the development of the emerging plant-based food industry. The new ingredients from the swiss mineral company include; Purple Sweet Potato Concentrate, Safflower Extract, and Yeast Extracts. Omya says that the Covid-19 crisis has made people realise, once again, that the world is a holistic system that has to be treated with care. This realization, according to Omya, made people to be concerned about the impact of their food on the environment…

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Ugandan based food processor Smart Foods develops innovative plant-based yogurt from soy-milk, coconut

UGANDA – Ugandan dairy and meat alternative development startup, Smart Foods Limited has gotten a Utility Model or 2nd class patent in respect to an invention of a product and process method for yoghurt as result of a unique blending process of soymilk and coconut meat. The intellectual property right aimed to protect the invention was granted to Martin Ssali, Founder and Managing Director of Smart Foods Limited on 22nd December 2020. The innovation by the budding startup came in response to the need to offer alternative milk and meat…

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McDonald’s launches plant-based burger to appeal to health-conscious consumers

US – McDonalds, one of the largest fast food chain franchise in the world, has joined the plant-based revolution with the launch of McPlant, a new plant-based bugger designed to appeal to health conscious and vegan consumers.   McDonald’s says it will be rolling out a plant-based burger in select markets next year with a possibility of extending its plant-based products line with products such as burgers, chicken-substitutes and breakfast sandwiches. “We expect some markets will test the burger next year, which we believe is a proven, delicious-tasting product. When…

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Califia Farms expands distribution of new plant butters nationally to capitalize on its consumers

USA – Califia Farms, US plant-based company, has announced the nationwide distribution of its line of Plant Butters, as it looks to capitalise on consumer demand for vegan butter alternatives. The plant-based alternative to dairy butter is the first product outside the company’s current beverage portfolio of plant-based milk, creamers, drinkable yogurts and cold brew coffee. The cashew and tiger nut-based butters are available in two flavours: sea salt with avocado oil, and sea salt with olive oil. They contain no canola or palm oil, soy or GMOs. Califia Farms…

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