alt protein round-up

December 18, 2021

Alt. Protein Round-Up: Wildtype’s Sushi, Cultivated Dokdo Shrimp

Ask any cultivated meat startup in the US and they’ll tell you it’s only a matter of time before the U.S. government grants regulatory approval to sell cell-cultivated meat in the United States. Given their vested interest in this rapidly changing market, many of these same startups had something to say as part of the USDA’s recent public comment period on labeling standards for cultivated meat and poultry products. Some 1,700 total comments were received and The Spoon sifted through many of these comments and connected the threads so you don’t have to. You can read Camille Bond’s summary here.

There was lots of other news this week in the alternative protein space, including Wildtype’s distribution agreement, CellMEAT’s new FBS-free growth serum and cultivated shrimp prototype, Eric Jenkusky’s thoughts on the cultivated meat space, and GOOD Meat in Singapore.

Wildtype to bring cultured seafood to retailers and restaurants in the U.S.

In the United States, we will likely be seeing cultivated seafood in sushi bars, restaurants, and grocery stores within the next year. Wildtype, a company based in San Francisco, California, signed an agreement this week with Pokéworks, a restaurant operator with 65 locations, and Snowfox, a sushi bar that operates within grocery stores with 1,230 locations. The intention of the distribution agreement is to allow the masses to get a taste of cultivated seafood in an affordable and accessible manner. Due to the fact that regulatory approval has yet to be granted, it is currently unclear when this distribution will occur.

CellMEAT’s FBS-free growth serum and cultivated Dokdo shrimp

CellMEAT is a cultivated meat/seafood company based in Korea, and this week, the company announced two different pieces of news. First off, the company has successfully developed a growth serum for animal cells that does not require the use of Fetal Bovine Serum (FBS). This particular ingredient raises concern amongst animal welfare groups and activists (because it is harvested from the fetuses of pregnant cows during slaughter), and it is extremely expensive. FBS is one reason why cultivated products have continued to have such a high price tag, but many companies in this space have been working towards changing the ingredients found in their growth serums.

The second piece of news from CellMEAT is that the company unveiled a prototype of its cultivated Dokdo shrimp. The shrimp was actually created with the company’s new FBS-free growth serum. According to CellMEAT, the alternative shrimp was created in a variety of different shapes and sizes for a diversity of cooking applications.

Eric Jenkusky of Matrix Meats calls for transparency in the cultivated meat space

In September, the USDA opened a public comment period to solicit input about the labeling of cultivated meat products. The move was widely seen as an important step forward in the regulatory approval process for the commercial sale of cultivated meat products in the United States, which many anticipate will happen soon. When cultivated meat finally does make it to market, it’s important that consumers know exactly what’s in the product, at least according to Eric Jenkusky. Read the full article here.

Eat Just’s GOOD Meat granted regulatory approval to sell new cultivated chicken products in Singapore

Today Eat Just announced its GOOD Meat division has received the regulatory go-ahead to sell new types of cultivated chicken products in Singapore. The company will debut one of the new formats, a chicken breast, at the JW Marriott Singapore South Beach next week. The green light comes just over a year after the company received the world’s first approval to sell cultivated meat from the Singapore Food Agency (SFA), Singapore’s regulatory authority for food safety. Read the full article here.

November 20, 2021

Alt. Protein Round-Up: Microalgae Cheddar and Redefine Meat’s Commercial Launch

Many voiced frustrations that at the recent COP26 summit (2021 United Nations Climate Change Conference), food and agriculture were largely left out of the conversation about climate change. In the food tech space, climate change, sustainability, and food security is often the forefront of the conversation. Animal agriculture is known to be harmful to the environment and a contributor to greenhouse gas emissions, while alternative protein sources are frequently cited as a potential solution.

One voice at COP26 that made sure to touch on animal agriculture and alternative protein was the CEO and founder of Impossible Foods, Pat Brown. During his opportunity to talk, Brown said that if we end animal agriculture, we will be able essentially to turn back the clock environmentally to the year 2000. Alternative meat analogs (like Impossible’s) offer a solution to make animal protein obsolete (according to Brown).

In other alt-protein news this week, we’ve gathered stories on Sophie’s Bionutrients, Redefine Meat, Helaina, and Next Gen Foods. Read on!

*Photo of Sophie’s Bionutrient’s microalgae milk, which is the base of its new cheddar cheese product*

Sophie’s Bionutrient’s launches cheese made from algae

Singapore-based Sophie’s Bionutrients grows microalgae in bioreactors, and this week, the company unveiled that it has developed alternative cheddar cheese in partnership with Ingredion Idea Labs innovation center. The cheese is made from a base of the company’s microalgae milk, which was announced in May of this year as the first dairy-free milk made from this ingredient. Alternative dairy and cheese products are commonly made from soy, coconut, cashew, and oats, but as far as e know, Sophie’s is the first to use microalgae for this application. The novel cheese product aims to mimic the sharp taste and texture of semi-hard cheddar cheese, and a single serving of it will offer double the recommended amount of vitamin B12.

Redefine Meat Commercially Launches Plant-Based Whole Cuts of Meat

Israel-based Redefine Meat has created a line of whole cut plant-based meats called New Meat This week, the company parterened with chefs throughout the UK, Netherlands, Germany, and Israel for the initial commercial launch of New Meat in high-end restaurants. The first meat analogs in the New Meat line up include beef and lambs cuts, including kebabs, sausages, ground meat, and burgers. Mimicing the texture of real meat within alternative protein products has been a challenge, and a many companies in this space have been vying to commercially launch a viable product as REdefine Meat has now done.

Precision fermentation company Helaina raises $20 million for breast milk proteins

Helaina uses precision fermentation to create immune-equivalent proteins found in breast milk, and this week the start-up announced that it has raised $20 million in funding. The Series A round was co-led by Spark Capital and Siam Capital along with other investors, bringing the company’s total funding to $24.5 million. The new capital will be put towards itsmanufacturing and commercialization process, building its team, and executing its go-to-market strategy.

Next Gen Foods Launches TiNDLE Plant-Based Chicken in Amsterdam, Opens Innovation Center in Singapore

Singapore-based startup Next Gen Foods announced last week that its flagship alternative chicken product (named TiNDLE) has touched down in Amsterdam restaurants. TiNDLE debuted in Singapore in early 2021 before launching in Hong Kong, Macau, Kuala Lumpur, and the UAE. The Amsterdam launch marks the beginning of TiNDLE’s expansion into Europe and beyond: Next Gen plans to introduce the product in Germany, the U.K., and the U.S. next year. Read the full article here.

November 13, 2021

Alt Protein Round-up: Funding for Cell-Based Milk, A Glimpse Inside UPSIDE’s Factory

According to Forbes, 4.5 million plant-based turkeys will be consumed this year on Thanksgiving in the U.S. That sounds like a lot of alternative roasts and Tofurkey’s gracing holiday gatherings, but compared to the number of regular turkeys that will be consumed (46 million) it’s not much. Maybe next year, we’ll have the option to serve cell-based turkey to our guests?

In this edition of the alternative protein round-up, we’ve gathered together the most interesting stories from the past week in the plant-based, cell-cultured and even bug protein worlds, including TurtleTree’s funding, locusts in the EU, Beyond Meat’s sales, an inside look at UPSIDE’s fancy new facility, the animal-free egg ClearEgg, and cell-based pet food.

Turtle Tree raises $30 million in Series A round

TurtleTree, a Singapore-based biotech company, announced recently that it has raised $30 million in a Series A round of funding, with VERSO Capital as the lead investor in this round. This brings TurtleTree’s total funding to $40 million. In September of this year, TurtleTree opened a 24,000 square foot R&D facility in Sacramento, California, where it is expanding upon its precision fermentation technologies. The start-up is developing cell-based milk as an alternative to infant formulas, as well as a compound found in human milk called lactoferrin. The funding will be used to continue this R&D as well as bring on new hires.

Locusts are approved as a sustainable food by European Union

Insects have long been recognized as a sustainable protein source due to their low carbon footprint, and very minimal water and land use. Although many cultures around the world already frequently include insects within their diets, this is not often the case in developed first-world countries. However, this week, the European Union approved the migratory locust as food for humans. This action is a push for bringing awareness to more sustainable foods, especially alternative protein sources. The EU said that locusts, which are high in fat, protein, vitamins, and minerals, would be considered snacks foods or food ingredients,

Are Beyond Meat’s Flagging Sales a Sign Big Cattle’s Negative Messaging is Working?

This week, Beyond Meat had some lousy news for Wall Street: US sales were down 13.9% year over year. According to the company, the culprit for the sales drop was a softening in their grocery and foodservice markets. For some, a sales drop for a high-flying alt-meat pioneer like Beyond might come as a shock. Like Impossible Meat and others in the fast-growing plant-based meat industry, the company has had mostly good news over the past few years, watching as revenue heads up and to the right on the back of new sales channels, geography expansion, and growing consumer demand. So what’s going on here? Why is an alt-meat bellwether like Beyond suddenly seeing its sales drop? Read the full article here.

What Does a Cultivated Meat Plant Look Like? Take a Video Tour of UPSIDE Foods’ New Production Facility to Find Out

At this time, Singapore has been the only country to offer regulatory approval for the commercial sale of cultivated meat, and Qatar is expected to be next to do so. Despite this, several companies in the cultured meat space have opened up state-of-the-art facilities to develop their alternative meat products in anticipation of receiving regulatory approval sooner than later. One of these companies is UPSIDE Foods (formerly Memphis Meats). Last week, UPSIDE Foods hosted a ceremony to celebrate the unveiling of its 53,000 square foot Engineering, Production, and Innovation Center (EPIC for short). The center will be used for the production of cultivated meat and the development of new types of meat and product formats. Read the full article and watch the video here.

Animal-Free ClearEgg Debuts in Protein Smoothie

Last month, The Every Company rebranded from Clara Foods and announced the launch of its animal-free egg protein product. Now, the company’s egg protein, called ClearEgg is being used as an ingredient in a limited-time Pressed smoothie.The smoothie is called “Pineapple Green Protein”, and the added ClearEgg boosts the protein content up to 10 grams. Other ingredients include apple, pineapple, banana, spinach, and avocado. Read the full article here.

Bond Pet Food Teams Up With Hill’s To Make Meat Protein for Pets Using Precision Fermentation

Bond Pet Food, an alternative protein company for pet food, and Hill’s Pet Nutrition, a biology-based pet food company, announced this week that they have partnered to develop an alternative meat protein for pet food using precision fermentation. Precision fermentation makes animal-identical proteins without slaughtering/harming animals. Bond sourced a small blood sample from a heritage hen, and this sample was used to extract the genetic code of chicken protein. Read the full article here.

November 6, 2021

Alt. Protein Round-up: Upside’s New Cultivated Meat Plant, Plant-Based Hard-boiled Egg

It was another action-packed week in alt-protein, including the launch of one of the industry’s largest production facilities to date for cultivated meat and the unveiling of a new plant-based hard-boiled egg.

If you missed them earlier, don’t worry – we’ve got you covered. Here are some of the week’s biggest stories from the world of alternative protein:

Upside Foods unveils cultured meat innovation center

Cultivated meat company Upside Foods (previously Memphis Meats) announced this week that it had completed its Engineering, Production, and Innovation Center. Located in Emeryville, California, the 53,000 square foot facility can produce up to 50,000 lbs of cultivated meat product per year. The facility is also flexible: Any species of meat or seafood in both whole-cut and ground form can be produced. Upside expects the facility to be fully operational by the end of the year.

Future Farm raises $58 million

Brazilian-based Future Farm (also called Fazenda Futuro), an alternative meat startup, closed a $58 million Series C round this week. The round was led by BTG and Rage Capital, with participation from XP Inc., Monashees, Go4It Capital, Turim MFO, and Enfini Ventures. The company will use the funding to expand its product availability to retailers throughout the U.S. and Europe. Additionally, Future Farm will begin developing dairy alternatives like milk and butter.

Yali Bio comes out of stealth mode to discuss future synthetic fat products

San Francisco-based startup Yali Bio aims to address the environmental concerns of both animal products and tropical oils by producing a synthetic, plant-based fat product. Apart of the Illumina Accelerator program (which runs from September 2021-March 2022), Yali Bio combines synthetic biology and genomics to develop its products. Read the full article here.

Migros launches plant-based hard-boiled egg. Watch this video to see how it’s made

The new egg, called The Boiled, is the latest from the company’s plant-based product line, V-Love. According to the announcement, The Boiled is made with fourteen different ingredients but gets its protein punch from soy. The alt-egg will be on sale this month in stores across Switzerland in four-packs and will retail for 4.40 Swiss Francs (~$4.84). Read the full article and watch the video here.

Ingredient optimized raises Series A funding to expand protein enhancement tech

Ingredient Optimized is a different kind of protein startup. While others in the space are focused on perfecting plant-based burgers and growing more protein-rich peas, the biotech company uses a novel process to alter the physical structures of proteins, making them easier for the body to absorb. Read the full article here.

alt protein round-up

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