“Laboratory-grown meat will become more prevalent in the future, and this bill will proactively prevent these franken-meat alternatives from being labeled as meat,” Gallion said at Thursday’s bill hearing.“We just think it’s unnecessary. Not only are our members in full compliance with all federal regulations on the subject, but we’ve even gone beyond that with our own guidelines,” Dan Colgrove with the Plant-Based Foods Association told lawmakers Thursday.
The five-year-old startup said Wednesday it raised another $161 million in a new round of financing. The latest round of fundraising is led by SoftBank Group, Norwest and Temasek. It also includes flashy investors like Bill Gates and Richard Branson, as well as meat companies Tyson (TSN) and Cargill.That brings the company’s total funding above $180 million.
Shiok Meats grows its product by taking shrimp cells and keeping them at a temperature of 28 degrees Celsius. They are then given nutrients in a solution. The cells become meat in four to six weeks.This lab-grown meat’s price is high. One kilogram of it now costs $5,000, said Shiok Meats’ Chief Executive Sandhya Sriram.
Source: What Is Lab-Grown Shrimp?
After investing in alternative meat maker Beyond Meat, Tyson exited its 6.5% investment in late April 2019 ahead of Beyond Meat’s initial public offering. “We have all the resources available to us from a culinary standpoint, R&D standpoint, manufacturing, distribution,” Tyson Foods CEO Noel White told Yahoo Finance at the World Economic Forum in Davos, Switzerland. “We have solid customer contacts. So it’s a space that we want to fully compete in, use all the resources that are available to us, and be a strong competitor in the marketplace.”
Bin Alwaleed admitted that there are still a few years ahead before plant-based products reach the price point of traditional meat, but was confident that innovation and scale would bring costs down over time. “These companies are definitely working on solving these problems, but the issue is they’re going to take a little while to actually make that happen,” he said.
Unlimeat is a 100% plant based beef alternative developed by South Korean food tech manufacturer Zikooin, and is made from grains, oats and nuts that would be otherwise thrown away due to aesthetic imperfections. The product is South Korea’s first homegrown addition to the booking alternative meat and protein industry.
Eliminating the need to breed, raise and slaughter animals for food, clean meat – which is also known as cultured, cultivated or cell-based meat– offers a way to reduce the environmental impact of traditional meat production.Figures suggest that, compared to conventionally produced European meat, clean meat has the potential to reduce agricultural greenhouse gas emissions by 78-96% – while also using 99% less land and 82-96% less water .
We’re Michelle and Leila, the founders of BIOMILQ, and we’re on a mission to provide the next generation every opportunity to thrive. We aspire to produce a cultured, human-milk product that offers families a new option for feeding babies — one that’s nutritionally equivalent to breastmilk and cultivated under safe conditions using our first-of-its-kind technology.
Insects have a lot of advantages as a food source. First off, they’re nutritious. They are a great source of protein and other nutrients. Insect farming could also be drastically more efficient than raising livestock. Raising bugs requires a fraction of the space, water, food and energy that pigs or cows do. Advocates argue that the aversion to consuming bugs is largely cultural, since about 2 billion people worldwide eat them regularly. Offering insects in more appealing forms, such as bars or powders, could be a way to overcome the “ick factor.”
NH Foods Ltd., a leading manufacturer of hams and sausages, will begin selling “alternative meats” for family home use, which utilize animal-free substitutes, starting in March.The meat replacements, named “Natu Meat,” have five items in the lineup including meat substitutes that look like ham and meat balls made with soybeans, as well as a sausage-like offering consisting of konnyaku jelly.