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Market

Cultured Meat Companies Raised At Least $366 Million Last Year

Anewly released report explored the burgeoning cultured meat industry. It found that companies in the cultured meat field raised at least $366 million in 2020.

Source: Cultured Meat Companies Raised At Least $366 Million Last Year – Plant Based News

Categories
Research

Bioethical considerations of cell-cultured meat – PubMed

Based on the analysis of the essence of cell cultured meat, we explore the positive significance of cell cultured meat technology for the meat production industry, consumer groups, and the sustainable development of mankind in the future. From the perspective of bioethics, the research, development and production of cell cultured meat can help ensure the sustainable development of human society, improve animal welfare, reduce resource demand, improve the nutritional function of meat products, and provide new growth points for the development of other industries. In addition, the ethical risks of food safety,

Source: [Bioethical considerations of cell-cultured meat] – PubMed

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News

Reducing the cost of cell-cultured meat… In conversation with Richcore Lifesciences

Cell culture media formulas are a closely guarded secret in the nascent cell-cultured meat industry, says Bangalore-based Richcore Lifesciences. However, they typically contain water, amino acids (lysine, arginine etc), sugars (glucose), salts, vitamins, buffering agents, recombinant proteins (albumin, transferrin etc) and growth factors (FGF, IGF, TGF etc), which send signals to encourage cells to do certain things such as proliferate or differentiate. And catalog prices for the latter can run into thousands of dollars a gram, which is fine if you’re using them to culture cells in a laboratory, but presents challenges if you’re using them to produce tons of meat, said Richcore Lifesciences​​, which has 15 years’ experience in producing recombinant proteins from various microbial expression systems (such as bacteria and fungi) for the pharmaceutical industry, and is now turning its attention to food.

Source: Reducing the cost of cell-cultured meat… In conversation with Richcore Lifesciences

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Market

IKEA to make half of its restaurant meals plant-based by 2025

Furniture retailer IKEA said Monday that it plans to make half of its restaurant menu meal offerings plant-based by 2025.Eighty percent of offerings will be non–red meat, and 80% of the packaged food for sale will be plant-based, the company said. “Research confirms the importance of making sustainable products affordable and desirable, and IKEA can really make a positive difference here,” said Lena Pripp-Kovac, chief sustainability officer at Inter IKEA Group, in a statement.

Source: IKEA to make half of its restaurant meals plant-based by 2025 – MarketWatch

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Compagnies and key players

World’s Only Public Cultivated Meat Company, Meat-Tech 3D, Files for IPO in USA

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.

Source: World’s Only Public Cultivated Meat Company, Meat-Tech 3D, Files for IPO in USA – vegconomist – the vegan business magazine

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Market

VC Panel of Cultured Meat Symposium – CMS20 Online 

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

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Market

Alternative meat and dairy companies are raking in investment

“Cultivated” or “cell-based” meat companies, growing food from animal cells, raised 417% more than in all of 2019. In part, it’s a continuation of a long-term trend. “2019 really appeared to be the tipping point where plant-based meat shifted into the mainstream,” says Caroline Bushnell, associate director of corporate engagement at the Good Food Institute. “Not only did we see the major meat companies debut plant-based product lines—pretty much all of them, from Tyson, to Hormel, to Smithfield—but iconic American restaurant chains like Burger King and Dunkin Donuts added plant-based meats to their menus, and retail sales grew double digits. So the momentum coming into this moment was already really strong.”

Source: Alternative meat and dairy companies are raking in investment

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Market

What’s Next for the Alternative Meat Industry?

Consider the combination of the crops being used: soy, wheat, and pea protein are the most typical. This invokes the debate about wheat versus soy, about GMO versus non-GMO. As the plant-based movement shifted to the mainstream, it became a product that wasn’t just for vegans and vegetarians. People started looking at fat and sodium content. People cited the environmental impact. Yes, alternative meats use less water and land, but these are still monocrops. There’s a lot of noise coming from non-GMO activists as well as the traditional protein industry pointing out what can be seen as the “weaknesses” of alternative meats. As the category grows and competition speeds up, that’s only likely to increase.

Source: What’s Next for the Alternative Meat Industry? – GLG

Categories
Compagnies and key players

Milestone: Over 80x reduction in our medium cost

Last year, the MO team successfully removed Fetal Bovine Serum (FBS) from our media. Given FBS is the standard used in cell culturing, this was no small task. But FBS comes from unborn calves and is obtained inhumanely, so removing it was a top priority. Some of our hard-working MO team. Since then, the MO team has been working to ensure the media we use is completely animal component-free. In addition to this, they’ve made a huge amount of progress in lowering the cost, which is vital given the medium will be the most expensive part of our process. Indeed, after successfully developing animal-free media, the MO team has reduced the cost by 88 times.

Source: Milestone: Over 80x reduction in our medium cost — Mosa Meat

Categories
Market

BIV’s Ive: “Alternative meat is a revolution not an evolution”

Plant-based foods are not just incremental evolution of an existing category, but a revolution, according to Andrew D. Ive, founder and general partner of Big Idea Ventures (BIV).  Driving this shift is a new breed of agritech startups that are developing culturally relevant, local foods that integrate into people’s ongoing consumption habits. Leveraging this trend, BIV launched the $50 million “New Protein Fund and Accelerator” programme that is focused on reducing animal factory farming by investing in early stage companies that are bringing plant-based and cell-based foods to market.  The programme helps these companies to build, test and prepare for growth and are currently based out of New York and Singapore.

Source: BIV’s Ive: “Alternative meat is a revolution not an evolution” | Wealth & Society