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a picture of climate tech vc firm world fund's founding team

© World Fund

Investments & Finance

Juicy Marbles Investor World Fund Secures €50M from EIF

Climate tech VC World Fund announced a €50 million investment from the European Investment Fund (EIF) to support environmental and climate tech-related ventures that contribute to decarbonising the world’s economy and its businesses.  The Slovenian plant-based whole-cut specialist Juicy Marbles and Germany’s Planet A Foods, a precision fermentation platform that makes cacao-free chocolate, were eligible to receive funding from the World Fund due to their carbon offsetting schemes.  Supported by InvestEU The EIF’s investment in the World Fund is supported by InvestEU, the region’s sustainability and innovation investment programme, which provides the European Union with crucial long-term financing to achieve the zone’s climate goals. “This is one of the largest investments EIF has made into a first-time VC fund,” EIF said, adding that “the investment …

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© Domino's Pizza Deutschland

Delivery Services

Domino’s Pizza Germany Launches “Oh Jacky” Jackfruit Pizza for Veganuary

For Veganuary 2023, Domino’s becomes the first QSR chain in Germany to launch a jackfruit pizza, having already launched vegan pizzas over the past 12 months in Spain, Australia, and the UK. Together with Lotao, the Domino’s Pizza Germany product innovation team created the Oh Jacky featuring jackfruit, cherry tomatoes, broccoli, and sweetcorn, topped with vegan grated melt from Bedda. The “Oh Jacky” pizza will be rolling out into all Domino’s stores across Germany from 4th January. “With Lotao and Bedda, we are delighted to have two enthusiastic partners at our side and that with Oh Jacky we are once again showing that you can create a culinary highlight with a purely plant-based product,” says Silke Krüger, Head of Brand at Domino’s Pizza Deutschland.   …

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Tender/ True Plant-Based Dog Treats

©Tender & True

Products & Launches

Tender & True Debuts Its First Line of Plant-Based, Upcycled Dog Treats

Pet food brand Tender & True announces the launch of its first plant-based dog treats. Made with upcycled ingredients, the new PB+ line includes three formulas featuring whole fruits and vegetables, reports Pet Food Processing. According to Tender & True, the PB+ name plays on the inclusion of 100% plant-based ingredients and natural peanut butter flavors. The new range is low in fat and calories and includes: PB+ Banana Recipe – sweet potato, flaxseed and banana PB+ Berries Recipe – sweet potato, blueberries, cranberries, flaxseed and rolled oats. –  PB+ Honey Recipe – sweet potato, apples, dried honey and rolled oats. Tender & True says the products are nut free, while still including a natural peanut butter flavoring. All three recipes also include pea protein, apple …

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Motif Foodworks

©Motif Foodworks

Politics & Law

Motif Foodworks’ IP Battle Intensifies as Europe Revokes Impossible Foods Patent

Food tech startup Motif Foodworks announces it has filed four new challenges to US patents held by Impossible Foods. The company’s legal move comes a week after The European Patent Office (EPO) announced it had revoked an EU patent held by Impossible Foods. The EU and US patents that Motif is challenging involve meat alternative products containing heme protein, sugars and sulfur compounds. Motif argues these ingredients are not patentable by Impossible due to their longstanding use as taste and smell enhancers for meat alternatives. The reasoning behind the EPO’s decision to revoke Impossible’s patent (No. 2,943,072 B1 – Methods and compositions for affecting the flavor and aroma profile of consumables – ‘072) has not been published, but an Impossible Foods spokesperson asserted that the …

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© BENEO

Company News

BENEO Presents Authentic Vegan Chicken Chunks at Fi Europe

German ingredients manufacturer BENEO showcased vegan chicken chunks as the next step in the company’s vegetable protein strategy at the Fi Europe show yesterday.  Following the acquisition of Meatless BV at the beginning of the year, BENEO is expected to add the chicken chunks as a semi-finished product to its portfolio for the first time in the second quarter of 2023. Thanks to a special recipe and a patented production process, BENEO states it will offer manufacturers a highly scalable and effective way to join the plant-based shift. Visitors to Fi Europe were able to sample the plant-based chicken pieces for themselves as award-winning chef Pieter-Jan Lint from Belgium prepared vegan dishes with prototypes of the new semi-finished product. The vegan chicken chunks offer food …

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a range of vegan products at a supermarket

© Vegetarianos Hoy FB

Market & Trends

NGO Vegetarianos Hoy to Identify Plant-Based Consumption Habits in LATAM

The NGO Vegetarianos Hoy launched its Latin American Consumer Survey this week to obtain insights into consumer preferences for plant-based foods and products. The study targets five countries: Peru, Argentina, Chile, Colombia, and Mexico. As veganism is rising in Latin America, the study will focus on consumption habits and identifying consumer motives for migrating to a plant-based diet. It will collect relevant data to develop future awareness campaigns on the benefits of changing to more sustainable eating habits, explains the NGO. Vegetarianos Hoy has been active in the region since 2017, promoting animal welfare and more ethical, healthy, and sustainable eating habits. Its work includes cage-free campaigns, Meatless Mondays, V-Label certifications, corporate and food service outreach, and ‘veggie challenges’. Vegetarianos Hoy represented Latin America at the …

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Orbillion cultivated beef

©Orbillion

Cultivated, Cell-Cultured & Biotechnology

Orbillion Bio Partners with Solar Biotech to Scale Cultivated Wagyu Beef for US Market

Cultivated meat startup Orbillion Bio announces it is partnering with Solar Biotech, a leader in SynBio bioprocessing, to further develop and scale production of premium cultivated Wagyu beef for US consumers. The partners plan to scale to 20,000L bioreactors, which will be capable of producing over 4 million pounds of meat every year. According to Orbillion, the strategic partnership reinforces their commitment to achieve price parity with conventional meat by 2026 and commodity pricing for beef by 2030. Through the collaboration, Orbillion states it now has a clear path to US commercialization of its first product, cultivated Wagyu beef. The effort will combine Orbillion’s proprietary cell culture platform with Solar Biotech’s scale-up bioprocess development capabilities and infrastructure, proprietary AI-driven bioprocess software, biosensing technologies, and vertically …

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PBWE Europe

©PBWE Europe

Fairs & Events

PBWE Europe Doubles in Size, Will Move to London’s Largest Event Space for 2023

Plant Based World Expo Europe took place in London to immense success last week, allowing exhibitors and attendees a space to network, share insights, and help the plant-based industry to continue to thrive. The event — Europe’s only dedicated plant-based trade fair — was this year hosted by the London Olympia, offering twice as much floorspace as the previous year. The event organisers report that last week’s exhibition welcomed an impressive 94% increase in attendees compared to the 2021 show, commenting that this demonstrates the “huge growth and innovation that has taken place in the plant-based food sector in 2022”. Following this exponential growth, Plant Based World Expo Europe announces that next year’s show will take place at the ExCeL, London’s biggest conference venue offering …

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Alexis Gauthier © Veganuary

Charity & Campaigns

Veganuary Campaign Celebrates Tenth Year With Celebrity Ambassadors

Veganuary has opened registrations for its tenth annual campaign, announcing the support of a lineup of celebrity ambassadors. Those who sign up are invited to try a vegan diet and lifestyle for the month of January, with the help of daily emails and other resources. The campaign is supported by colourful ads with slogans like “Where there’s hummus, there’s hope” and “Power to the PEA-ple”. The ambassadors for Veganuary 2023 are Made in Chelsea star Lucy Watson, French chef Alexis Gauthier, and X-Men star Famke Janssen. Watson and Gauthier will both appear on Veganuary’s podcast and YouTube series in the new year. “Loving animals and eating them too never made sense to me; that’s why I went veggie aged six and then later turned to …

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Welsh councillors attempt to block vegan menus

Councillor Iain McIntosh. Image: Facebook

Politics & Law

Welsh Councillors Propose Motion to Block Fully Vegan Menus at Schools & Events

Welsh councillors in the county of Powys are set to bring forward a motion mandating that meat and dairy products be served at all council-run buildings and events. The motion is a response to the decision of Oxfordshire council — which is run by the Liberal Democrats, Labour, and the Green Party — to make the menus at all council events fully plant-based to address climate change. Schools in the county also serve exclusively plant-based food for two days per week. Since Powys County Council is also run by the Liberal Democrats and Labour, Conservative councillors Iain McIntosh and Les George say they are worried that a similar step could be taken locally. Powys is a rural county heavily dominated by animal agriculture. “This council …

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soy meat

© twins03 - stock.adobe.com

Business Wire

$60.7 Billion Worldwide Soy Food Industry to 2027 – Featuring Dean Foods, Eden Foods, Harvest Innovations and Cargill Among Others

DUBLIN–(BUSINESS WIRE)–The “Soy Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global soy food market reached a value of US$ 44.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 60.7 Billion by 2027, exhibiting at a CAGR of 4.92% during 2022-2027. Companies Mentioned Blue Diamond Growers Dean Foods Earth’s Own Food Company Eden Foods Freedom Foods Group Harvest Innovations House Foods America Holding Archer Daniels Midland Miracle Soybean Food International Corp Cargill Nordic Soya Oy Victoria Group Hain Celestial Adisoy Foods & Beverages Pvt. Ltd. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the …

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the fruit of the palm oil used for palm oil production

© Clean Food Group

Cultivated, Cell-Cultured & Biotechnology

German Ingredients Supplier Doehler Invests in Cultivated Palm Oil

Doehler Ventures, the investment arm of German ingredients supplier Doehler, has announced an investment into British startup Clean Food Group (CFG). CFG is developing cultivated palm oil to address the deforestation caused by the conventional palm oil industry. This loss of habitat endangers important species such as orangutans and pygmy elephants, while also releasing considerable amounts of carbon dioxide into the atmosphere. Along with providing capital, Doehler will support CFG as it works to increase production to a commercial scale. In future, the two companies say they may collaborate further to address other environmental issues. Cultivated palm oil production CFG’s cultivated palm oil is produced through the fermentation of a proprietary strain of yeast. The eco-friendly fermentation process is fuelled by renewable energy, with food-safe …

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MALK_Organics_Family_Shot_jpg

© MALK Organics

Investments & Finance

MALK Raises $9M in Series B to Become “Cleanest Premium Organic’’ Plant-Based Milk

Plant milk brand MALK Organics reveals it has raised $9M in Series B funding in a round led by investors Benvolio Group and Rotor Capital. The raise brings the company’s total funding to date to $17M. Aiming to become the “cleanest premium organic” dairy-free milk on the market, MALK plans to hire additional executives and increase its marketing spend as it prepares for a new chocolate almond milk and upcoming Publix launch, reports Forbes.  “We are extremely bullish about MALK’s growth prospects, because not only is the product highly differentiated in a growing on-trend category, but the seasoned team in place has delivered exceptional results in 2022 and has a strong plan to accelerate future revenue and achieve profitability,” said Sam Frankfort, Managing Partner of …

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Kraft Heinz Vegan Cream Cheese

©Kraft Heinz

Products & Launches

Kraft Heinz Launches Philadelphia Plant-Based Cream Cheese in US

Kraft Heinz announces it is launching a plant-based version of its iconic Philadelphia Cream Cheese. Now available at select retailers in the US Southeast, including Atlanta, Houston and Miami, the company is planning more flavors ahead of a national rollout in Summer 2023. The new plant-based cheese is made from a base of coconut oil and faba bean protein, and comes in the brand’s original beloved cream cheese flavor.  According to the company, the product is free from dairy, lactose and gluten, with no added flavors or dyes. Robert Scott, President of R&D at Kraft Heinz, says the company spent two years developing the new recipe, and they focused primarily on ensuring the product could spread easily on a warm bagel or waffle, and provide …

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Vegan fast food market chain plant power's cheeseburger being held by a smiling woman

© Plant Power Fast Food

Fast Food

What’s New in the Vegan Fast Food Market?

A recent market report highlights that the rise of private-label brands will drive the vegan fast food market growth during the next few years. According to the market report, the vegan fast food market is anticipated to grow by $18.86 billion from 2021 to 2026 at a compound annual growth rate of 11.6%. The study also finds that packaging innovations and business strategies adopted by vendors to adapt and stand out from the big sector players will also drive the market’s growth. The state of vegan fast food in 2022 Popular fast food chains have consistently added vegan and plant-based versions of their iconic foods to attract the rising numbers of vegan customers. From Burger King launching vegan nuggets and Impossible Burgers; to Hollywood actor …

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