The facility is expected to cultivate mycelium for use in chicken-style cutlets and steak-style fillets at an annual rate of tens of millions of pounds by late 2023.
Leading the Series A funding round was Unovis, an early backer of Oatly and Beyond Meat, with participation from Bessemer Venture Partners, AgFunder and KBW Ventures.
The New York-based Specialty Food Association (SFA) Trendspotter Panel has predicted that alternative seafood products will be among the top trends in specialty food in 2023.
A further deceleration in plant-based meat alternative sales has impacted Beyond Meat, Inc., leading to a greater loss than during the same period for the previous year.
Hoxton Farms raised $22 million in a Series A round for a new pilot facility to produce cultivated animal fat. The 13,000 square-foot startup facility will operate in London.
Roquette is launching a new line of organic pea ingredients, including organic pea starch and organic pea protein. The ingredients are produced at the company’s plant in Portage la Prairie, Man., and feature peas sourced in a network of organic growers from Canada.
Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.
Arlington, Va.-based FMI – The Food Industry Association has extended its highly successful “Power of” series of studies to include plant-based. The following are ten things for retailers to keep in mind while planning their plant-based growth.