According to MarketsandMarkets, the global cultured meat market is estimated to be valued at USD 214 million in 2025 and is projected to reach USD 593 million by 2032, recording a CAGR of 15.7% from 2025 to 2032 in the normal scenario. The growth of this market is attributed to the startups that are entering the market, owing to the increasing number of investors, such as Cargill and Tyson Foods.
MycoWorks, which produces an animal-free leather alternative, has raised $45 million in a Series B round co-led by Taiwan’s WTT Investment and California’s DCVC Bio.New investors included Valor Equity Partners, Humboldt Fund, and Gruss & Co, as well as “several major fashion brands” and other undisclosed parties. The startup can now also claim celebrity backing, with musician John Legend and actor Natalie Portman participating in the round.
Beyond Meat debuted its new plant-based pork product made specifically for the Chinese market yesterday, according to a report in Green Queen. Called Beyond Pork, the new offering is minced and meant to be used in a variety of Asian dishes including dumplings, spring rolls and on ramen.Beyond Pork will be available at a number of different Shanghai restaurants including Egg, RAC and Solo X for a limited time between now and November 24.
Meat-Tech successfully printed a piece of cultured beef in August, and launched a company aimed at developing cultured chicken in September. Just last week, Meat-Tech announced it planned to acquire Peace of Meat, a Belgian company producing cultured animal fat. It has already invested €1M in the company and will fully acquire it over the course of two years, subject to a final agreement.
MycoTechnology and BlueNalu have been named winner and runner-up of the Radicle Protein Challenge by Syngenta, bagging home US$1 million and US$250,000 in investment respectively. The challenge was launched by California-based VC Radicle Growth and ChemChina-owned Swiss agri-tech Syngenta Group to search for food techs who are transforming the future of protein. Competing against more than 150 applicants globally, MycoTechnology, a Colorado-based food tech developing a mushroom fermentation platform was selected as the winner of the first prize with US$1 million in investment. It comes on the heels of its impressive US$39 million Series D funding round, which was backed by big names including Greenleaf Foods, Tyson Ventures and Kellogg-owned Eighteen94 Capital.
In October, team members from Midan Marketing attended the virtual Cultured Meat Symposium to learn more about the cultured meat and poultry products which promise (or threaten) to turn our industry on its head. As a food scientist, I was intrigued to learn about how future food is being made. As part of the customer insights team at a meat marketing agency, I was focused on what cultured meat (also referred to as cell-based meat, in vitro meat and other terms) will mean for our clients and the meat industry.
Today, Aleph Farms announced a platform for the commercial production of its cultivated beef steak. The company says this platform will allow it to eventually produce meat grown from cells of a living cow affordably at scale, putting its cultivated steak at price parity with factory farmed meat. The new production process is the first part of a phased build-out of what Aleph Farms is calling its BioFarm, a pilot plant the company intends to have fully operational by 2022.
Nik Talreja, 18.ventures
Lisa Feria, Stray Dog Capital
Prince Khaled bin Alwaleed, KBW Ventures
Andrew Ive, Big Idea Ventures
Mariliis Holm, Sustainable Food Ventures
The professorship will be assigned to the TUM School of Life Sciences and will join the Department Life Science Engineering. TUM School of Life Sciences is located at the inter-disciplinary campus Freising – Weihenstephan with ample opportunities for collaborations in the areas of food and (bio)process engineering, biotechnology and food sciences.
Future Food-Tech returns to New York as a catalyst for innovation and investment – but which technologies have the potential to deliver truly game-changing solutions?