Latest News

Upside Foods

©UPSIDE Foods

Market & Trends

Food Tech Funding Declines 21.5% in Q2, Compared to Only 9% for Alt-Proteins

In the second quarter of 2022, total VC funding for the food tech sector experienced a 23% decline from Q1, says a new report by Pitchbook, with total deal values dropping from $6.9Bn to $5.6Bn. Funding for alternative proteins, however, declined by only 9% over the same time period, suggesting the industry’s resilience and stability in the face of uncertain and rapidly changing economic conditions.  Demonstrating strength According to the …

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Loui Blake

© Loui Blake

Interviews

Loui Blake: “My Belief in This Space Has Never Been Stronger”

London-based Loui Blake is known for is work as an entrepreneur, angel investor and public speaker in the plant-based space. Loui opened the UK’s largest vegan restaurant Erpingham House back in 2018 before going on to co-found pizza kitchen Vegan Dough Co during the pandemic, and most recently was named as new CEO of Miami Foods in May of this year. Loui has been busy since we last spoke three …

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©Future Farm

Retail & E-Commerce

Brazil’s Future Farm Expands US Retail at Amazon Fresh and Sprouts Farmers Markets

Brazilian alt-protein brand Future Farm announces it is expanding its premium plant-based meats at two new US retailers, Amazon Fresh and Sprouts Markets.  At Amazon Fresh, the brand’s Future Burger, Future Beef, and Future Sausage are now available nationwide, while select products are launching at two Sprouts Market locations in southern California. The company says both retailers will be serviced by KeHE distributors, making its products available to even more …

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Fungi, Mushrooms & Mycelium

Former Hyundai Spin-off Mycel Raises $10M For Mycelium Biomaterials

South Korean fungi biomaterials startup Mycel, originally a spin-off of the Hyundai Motor Group, recently announced the completion of its $10 million pre-Series A funding round to commercialise its mycelium-based leather alternative in 2023. Mycel is utilising mycelium to create leather alternatives that may be used in automobile seats, high-end cosmetics, and fashion items like shoes, garments, and bags. The company’s website states its “mission is to stimulate the diverse …

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© Eat JUST

Company News

JUST Egg’s Popular Liquid Egg Has Achieved Price Parity with Chicken Eggs

Food tech leader Eat JUST reveals its best-selling JUST Egg has achieved price parity with premium chicken eggs, reports Food Navigator-USA. According to company data, the price for a 12 oz bottle of liquid JUST Egg has dropped to $3.99, about the same as the average cost of a premium 12-count chicken egg product.  Data from the past three years shows the price gap between JUST Egg and its competitors …

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Meati Mushroom Chicken on Skewer

©Meati

Company News

Meati Hires New CFO Amid Plans to “Become the US Market Share Leader in Plant-Based Meat” by 2025

Following its Chipotle-backed $150M Series C this July, Colorado’s Meati Foods appoints Jody Macedonio as CFO. Ms Macedonio previously held the same role at Chobani as well as at Dean Foods, which was the largest dairy company in the United States. According to Meati, the new role will see Ms Macedonio overlooking Meati Foods’ financials and partner with the leadership team to drive growth as it rapidly upscales, stating its …

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hair wellness brand Vegamour

© Vegamour

Cosmetics & Bodycare

Vegan Hair Wellness Brand Vegamour Enters the UK Market

US hair wellness brand Vegamour has launched in the UK. The company claims to combine science and nature for a “holistic, 360º approach to hair wellness”. Vegamour uses exclusively vegan and non-toxic ingredients, with biomolecular technology ensuring that these ingredients are bioavailable enough to be absorbed by the body. Among the company’s most popular offerings is its GRO range, which features “revitalising” shampoo, conditioner, and hair serum. According to Vegamour, …

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Tomasso x NotCo
Products & Launches

Argentinian Pizza Chain Tomasso Launches ‘NotCo Suave’ Plant-Based Empanadas

Argentinian pizzeria chain Tomasso has launched NotCarne Suave, a plant-based empanada, in collaboration with Chile / New York-based unicorn NotCo. The new collaboration is a new milestone for the pizzeria, representing its first bet on plant-based gastronomy. The new NotCarne Suave is part of a development by NotCo, which with its technology and team of chefs, has managed to find the best combination of plants that together recreate the taste …

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ProVeg Food4Climate Pavilion

Image: ProVeg International

Sustainability / Environment

“Tectonic Shift” as ProVeg is Granted 130m² Food4Climate Pavilion at COP27

This year, food awareness organisation ProVeg International is set to host its Food4Climate Pavilion at COP27, the United Nations’ climate change conference. Organised in collaboration with 15 partners, the 130-square-meter pavilion will feature ten food and agriculture topics. This will be the first time COP has hosted pavilions dedicated to food system change, highlighting the environmental impact of the food industry to delegations from over 200 countries. According to ProVeg, …

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Miyoko's cheese_wheels

©Miyoko's Kitchen

Business Wire

Global Vegan Cheese Markets, 2022-2026 – Increasing Number of New Product Launches – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Vegan Cheese Market 2022-2026” report has been added to ResearchAndMarkets.com’s offering. The vegan cheese market is poised to grow by $1.26 bn during 2022-2026, accelerating at a CAGR of 8.41% during the forecast period. This study identifies the increasing number of new product launches as one of the prime reasons driving the vegan cheese market growth during the next few years. Also, rising investments in the vegan …

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cultivated coffee

© California Cultured

Cultivated, Cell-Cultured & Biotechnology

California Cultured Develops Cultivated Coffee to Address Industry’s Ethical Issues

California Cultured, a startup best known for developing cell-cultured chocolate, has revealed it is now working on cultivated coffee. Cell cultivation is usually thought of as a way to produce more ethical versions of traditionally animal-derived ingredients. But certain plant-based ingredients are also associated with ethical issues, such as deforestation and slavery. And while some ingredients can be produced using precision fermentation, others — such as chocolate and coffee — …

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copenhagen fashion week

© PETA UK

Fashion, Design & Beauty

Copenhagen Fashion Week Bans Fur After PETA Protest

Following last year’s fur protest organised by PETA UK, Copenhagen Fashion Week announces it has banned the use of fur and fur garments in this year’s show as a sign of commitment to animal welfare. The fur ban has become a global movement after many prominent fashion houses, including Gucci, Versace, and Prada, as well as global brands such as Michael Kors and Tommy Hilfiger, make the switch to 100% …

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Siggi's Dairy-Free Yogurt

©Siggi's

Company News

Lactalis Canada Fully Converting Ontario Dairy Plant to Plant-Based Production

Lactalis Canada, a subsidiary of French dairy giant Lactalis, announces it will expand its milk alternative offerings by converting its Sudbury, Ontario plant into a dedicated plant-based facility over the coming months. To accommodate these changes, the company will cease all fluid dairy milk production and packaging at its Sudbury facility by September 30th. The move is intended to increase the company’s selection of dairy-free milk alternatives, which currently include …

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Actual Veggies Clean-Label Burger Range

©Actual Veggies

Retail & E-Commerce

Actual Veggies Launches Chef-Crafted Vegetable-Based Burgers at 57 Costco Stores

Actual Veggies, which produces plant-based burgers from real vegetables, announces it has launched into 57 Costco stores in the San Francisco Bay Area.  For the first time, the brand’s burgers will be sold in bulk packs of eight patties each. Based in New York, Actual Veggies seeks to “put real vegetables back into veggie burgers” and produces a line of gourmet, thick-cut patties made with wholesome, plant-only ingredients.  The range …

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hooked foods enters european markets

© Hooked Foods

Investments & Finance

Hooked Foods in €10M Series A Round to Realise Expansion Plans for 2023

Swedish alt seafood startup Hooked Foods is mid-way through a Series A round, due to close in October, to expedite expansion across European markets in 2023. Founded in 2019 and a graduate of the ProVeg Incubator, Hooked is aiming to become a European leader in plant-based seafood to help combat overfishing, bycatch, and the intake of microplastics and toxins frequently found in fish. Prior to the Series A, Hooked secured …

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