Companies developing sustainable meat and dairy alternatives smashed records with a €2.6B ($3.1B) haul last year. Why has it been such a bumper harvest?
In spite of the financial chaos resulting from the Covid-19 pandemic over the last 12 months, a staggering €2.6B ($3.1B) in funding went to companies in the meat and dairy alternatives sector, according to the nonprofit the Good Food Institute (GFI). This tripled 2019’s total.
Developers of plant-based alternatives reaped the lion’s share with €1.8B ($2.1B); biotechs producing protein via fermentation took a neat €497M ($590M); and more than €303M ($360M) backed companies developing cultured meat.
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?
The Protein Directory and Cell Agri are proud to present the Alt Protein Conference 2020 with a focus on the new wave of future food companies transforming the business of tomorrow.At this 2-day virtual conference, we covered the latest business trends and best practices to transform the future of food with cellular agriculture and plant-based alternative proteins.
2019 Review A Modest Beginning “Meat sludge” is the most basic and unstructured output of cell based meat. What about flavor, shape, and texture? Well, that’s where things get difficult. 2019 may have marked a realization from cell based meat companies to start with “hybrid lab grown meat” products blended with plant based fats and proteins.[…]