Yulia Fridman’s Post

Eat Just, Inc. has secured the "world's first" retail listing for GOOD Meat made of 3 percent cultivated and 97 percent plant-based ingredients. The business said it has always used a small percentage of cultivated chicken in its cell-based products in combination with plant proteins. It added such a mix “helps reduce costs associated with the production of cultivated meat, one of the main challenges that exist to scaling this developing industry”. Good Meat 3 will be priced at S$7.20 ($5.34) for a 120-gram package and will be available for the remainder of 2024, going on sale officially tomorrow (16 May). https://hubs.li/Q02yn97v0

🐔🇬🇧 VITAL MEAT SEEKS UK APPROVAL FOR 2025 CULTIVATED CHICKEN LAUNCH France’s VITAL MEAT, which makes cultivated chicken as a B2B ingredient for hybrid meats, has applied for regulatory approval in the UK, making it one of only a handful of companies to do so. The startup has submitted a novel food dossier to the Food Standards Agency (FSA) and Food Standards Scotland, whose scientists and experts will now assess the application in a process expected to last 18 months to two years. The development comes six months after the cultivated chicken player filed for approval in Singapore too, with the green light from its regulator thought to be imminent. “We can’t wait to start commercialisation in Great Britain; chicken is one of the most consumed meat over there,” said Vital Meat co-founder and CEO Etienne Duthoit. “We are now preparing our launch in 2025 and looking for food partners.” Vital Meat, which uses pharmaceutical technology to transform cells from fertilised chicken eggs into cultivated meat, expects to receive regulatory clearance in Singapore by the end of the year. “We are going through the questions and answers process with scientific experts from SFA and so far, the discussion is very smooth and is going well,” said Claude Rescan, the startup’s regulatory expert. The company partnered with cell culture media producer Biowest last year, whose customised serum-free media for Vital Meat allows the latter to manufacture its cultivated chicken in 250-litre bioreactors, capable of producing several kgs of product at a time. The collaboration has allowed the French startup to reduce costs too, which is a crucial entry barrier for cultivated meat. #GreenQueen #altprorein #futurefoods #foodtech #sustainability #foodsystems #climateaction 

US organic beef supplier Verde Farms has announced that its current president, Brad Johnson, is to become its CEO. #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation

𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/dRH8ZHi8 The Global 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 37.63 Billion in 2021, It is anticipated to reach 𝐔𝐒𝐃 𝟓𝟎.𝟏𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 𝟐𝟎𝟐𝟖. A CAGR of 𝟒.𝟐𝟎% is anticipated over the forecast period 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Fonterra Ornua Kalona SuperNatural Dairy Farmers of America Yeo Valley Production Ltd Clover S.A. Proprietary Limited Arla Foods Amul (GCMMF) Land O'Lakes, Inc. Organic Valley Horizon Organic Tillamook County Creamery Association Devondale Murray Goulburn Warrnambool Cheese and Butter WCB THE KERRYGOLD COMPANY LIMITED Lurpak Challenge Dairy Products, Inc. Emmi Group Valio Sverige AB Lactalis Group FrieslandCampina Ingredients Saputo Inc. Dean Foods Crystal Creamery Vermont Creamery Eden Creamery Vital Farms Schreiber Foods Hilmar Cheese Company Associated Milk Producers Inc. Prairie Farms Dairy, Inc. Swiss Valley Farms LLC Unilever Dairy Crest Glanbia Danone Müller Bleher Group SODIAAL Hochland HELLENIC DAIRIES SA

Plant-based meat - State of the Industry 2023 9 months in the making – it’s been a long haul! – and Food Frontier’s State of the Industry 2023 report for plant-based meat is now publicly available. I’m very proud of the members of the fabulous team at Food Frontier, Klara Kalocsay Susie O'Neill Megan Redmond Kathy Cogo, that have pulled this together with contributing economic analysis of the data from Deloitte Access Economics. 85% of the 210 climate scientists and academics surveyed by a team of researchers at the Brooks McCormick Jr. Animal Law & Policy Program at Harvard Law School - report here: https://lnkd.in/gEgArCRQ - strongly agreed that plant-based analogues are the “best available food” for better health and emission outcomes. So, it’s reassuring to see that, despite enormous headwinds resulting from inflationary pressures, rising interest rates, declining VC investment, and the volume of negative media coverage, the plant-based meat industry is alive and well in Australia. Among the many highlights, a few key takeaways include: ·        Between 2020 (when Food Frontier published its last SOI report) and 2023, plant-based meat sales increased 47% to a total of $272.5m in FY2023 sales ·        Sales growth has been driven by increased demand from foodservice, which has grown 59% year-on-year, from $31m in 2020 to $124m in 2023 ·        In total it represents 9.1% annual growth and a 28% increase of total per capita consumption of plant-based meats since FY2020 ·        Price parity with conventional meat is edging closer, especially with domestically manufactured products: on average 14.8% cheaper than imported products ·        The number of domestic manufacturers has more than doubled since 2020, the number of manufacturers exporting their products has similarly increased, and more than 2,200 tonnes of plant-based meat is now produced each year in Australia None of this would have been achieved without the dedication, perseverance, and belief of the champions of the industry who have ridden the storm. A big shout-out to our major industry leaders, Cale Drouin, Tim York, Alejandro Cancino, Diem Fuggersberger, Jan Pacas, Michael Fox, Kristi Knaack Riordan, Michael Ryan, Sean Whitaker, to name just a few amongst the many who have built one of the world’s most resilient plant-based meat industries, along with the major food companies that have continued their support, such as Nestle and Simplot Australia Pty Ltd. The industry has been ably supported by the food service sector and the investment of companies like Compass Group Australia and Foodbuy Australia with enormous potential yet to be realised in the provision of institutional food service. Dave Sparrow Philip Lymbery ProVeg International Sparsha Saha, PhD Jennifer Stojkovic Kobi Regev Alex Devereux Justin Lemmens Marco Bertacca Peter McGuinness Glenn Hurowitz Paul Shapiro The Mushroom Meat Co. Keith Milne Oliver Zahn Eitan Fischer Download your copy of the report here:

PETA is urging major U.S. meat companies to "stop peddling animals’ body parts." But will they? 👀 Just a few weeks ago, one of Italy's oldest meat producers, Gruppo Tonazzo, made the unexpected decision to discontinue its meat business at the end of this year. Instead, they will focus solely on plant proteins and the expansion of their plant-based brand, Kioene. How cool is that? This might be the first time we've even seen a meat-to-plants transition of this magnitude. This has undoubtedly prompted PETA's decision to send letters to the CEOs of five major US meat companies—Hormel Foods, Cargill, Smithfield Foods, Tyson Foods, and OSCAR MAYER FOODS, urging them to follow suit, or risk becoming irrelevant (similar to how tobacco farmers who resisted crop diversification ultimately struggled to stay relevant) Tyson, in particular, has already faced challenges, with many of its executives leaving to join alternative protein companies in the last few years. The company also recently closed 4 large facilities, reducing its chicken slaughter capacity by 10% after a drop in chicken sales. All five companies already offer plant-based product lines or have partnerships in alternative protein, so PETA argues the transition should be straightforward, since they don't need to start from scratch. I’m curious to hear your thoughts: Do you think more companies will decide to shift their focus from their meat businesses to plant-based/alt protein? Will the industry continue to adapt, or will we likely see further resistance? Read more in my article below: #foodindustry #futureoffood #plantbased #veganbusiness #altprotein

𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/dRH8ZHi8 The Global 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at USD 37.63 Billion in 2021, It is anticipated to reach 𝐔𝐒𝐃 𝟓𝟎.𝟏𝟗 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 𝟐𝟎𝟐𝟖. A CAGR of 𝟒.𝟐𝟎% is anticipated over the forecast period 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Fonterra Ornua Kalona SuperNatural Dairy Farmers of America Yeo Valley Production Ltd Clover S.A. Proprietary Limited Arla Foods Amul (GCMMF) Land O'Lakes, Inc. Organic Valley Horizon Organic Tillamook County Creamery Association Devondale Murray Goulburn Warrnambool Cheese and Butter WCB THE KERRYGOLD COMPANY LIMITED Lurpak Challenge Dairy Products, Inc. Emmi Group Valio Sverige AB Lactalis Group FrieslandCampina Ingredients Saputo Inc. Dean Foods Crystal Creamery Vermont Creamery Eden Creamery Vital Farms Schreiber Foods Hilmar Cheese Company Associated Milk Producers Inc. Prairie Farms Dairy, Inc. Swiss Valley Farms LLC Unilever Dairy Crest Glanbia Danone Müller Bleher Group SODIAAL Hochland HELLENIC DAIRIES SA

The most used plant protein ingredients in plant-based meats, in Australia and globally, in descending order, are soy, wheat and pea, with various other pulse proteins also increasing in popularity. Agriculture is an important contributor to plant-based meats and Food Frontier’s latest state of the industry report reveals manufacturers are keen to source locally grown plant proteins.  The report suggests that increased availability of Australian protein at competitive prices could expand market opportunities for growers and lower end prices for consumers. Interestingly, locally made plant-based meats are 15% cheaper than imported products. In the fiscal year of 2023, the indirect economic contribution of plant-based meat manufacturing in Australia amounted to $36.1m, with agriculture being the primary contributor at $7.6m. Find out more about the agricultural opportunities of plant-based meat in the 2023 State of the Industry report which also offers recommendations and future forecasting. https://lnkd.in/gY8PTqeQ

September is Organic Month and as artisan food wholesalers specialising in cheese & charcuterie, we work closely with independent retailers to select high quality produce, some of which is organic. One of the main benefits of organic produce is that it’s better for the environment and for us because there are no synthetic pesticides, fertilisers or GMOs. Organic produce is often fresher and contains high levels of nutrients, whilst meat and dairy produce come from higher-welfare animals that aren’t pumped full of hormones or anti-biotics.  Some of the organic products we stock include... High Weald Dairy – Organic Sussex Velvet Shepherd’s Purse – Organic Yorkshire Blue Blackwood Cheese Company – Graceburn  Whitelake – Bagborough Brie Caws Teifi – Organic halloumi Trethowan Dairy – Pitchfork Cheddar SUSSEX HIGH WEALD DAIRY LTD Shepherds Purse Cheeses WHITE LAKE CHEESE LIMITED Caws Teifi Cheese Trethowan's Dairy

Last week’s top food innovation news 📰🛒 Foxtrot files for Chapter 7 bankruptcy, closing all 33 locations without warning. Moolec Science gains USDA approval for bioengineered pork proteins grown in soybeans. Solar Foods opens the world's first commercial-scale facility for air protein production. Meatable hosts EU's first public tasting for cultivated meat after safety panel approval. UN accused of distorting data to underestimate meat industry emissions in COP28 study. Nutrient decline in vegetables prompts discussion on reversing it through biofortification. Plant-based food sales dip to $8.1 billion due to consumer demand for lower prices and higher quality. #foodtech #foodstartups #foodbiz  #agrifoodtech  #foxtrot #cultivatedmeat #moolec #airprotein