alternative protein market company Upside Foods serves a cultivated chicken burger

© UPSIDE Foods

Business Wire

Global Cultured Meat Markets Report – By 2040, a Projected 60% of Meat will be Created from Cells Grown Within Bioreactors and Sold Across Grocery Stores and Restaurants Worldwide

DUBLIN–(BUSINESS WIRE)–The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to’s offering. By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market. The number of startups focused …


Cultivated Fish Burger from Avant

Cultivated Fish Burger from © Avant

Investments & Acquisitions

Avant Raises $10.8M to Commercialise Cultivated Seafood by 2023

Chinese biotech firm Avant has raised $10.8 million in its Series A funding round. The company intends to use the funding to commercialise cultivated seafood. The round was led by S2G Ventures, with other investors including Lever VC, CPT Capital, and Good Startup. It follows a seed round in late 2020, where Avant secured $3.1 million. At the time, the company was hoping to bring its products to market the following year, but this date has now been amended to 2023. Avant has already made considerable progress towards commercialisation by developing an animal-free cell culture medium. This has reduced the cost of its cultivated fish by over 90%, addressing a key challenge faced by the industry. Technology Pioneer Last year, Avant was named a Technology …


Cultivated Fish Burger from Avant

Cultivated Fish Burger from © Avant

Cultivated, Cell-Cultured & Biotechnology

New Production Facility in Singapore for Cell-Cultured Fish Pioneer Avant

After being named as one of the World Economic Forum’s “Technology Pioneers” recently, Hong Kong’s cell-cultured fish pioneer Avant has announced the opening of a new production facility in Singapore. Joining forces with A*STAR’s Bioprocessing Technology Institute, a Joint Research Laboratory for Cultivated Fish Bioprocessing in Biopolis, Singapore will be established. The research collaboration will advance the scale-up of Avant’s proprietary process to enable cost-effective, food-grade production of cell-cultured fish. By jointly developing and optimizing solutions for scalable production of cultivated fish cells, Avant takes another step in its strategic development and commercialization process. The company is the first company in Asia to develop technologies for fish cell cultivation and has showcased multiple commercial products, including the world’s first cell-based functional collagen. The company also …


Avant - cultivated fish maw bites - credit Avant

Courtesy of Lever VC

Cultivated, Cell-Cultured & Biotechnology

Cell-Cultured Fish Company Avant Named “Technology Pioneer” by World Economic Forum

Avant, a Hong Kong company developing cell-cultured fish, has been named as one of the World Economic Forum’s “Technology Pioneers”. The company was recognised for its contributions in the field of Global Public Goods. “We believe a technology-enabled food industry allows more efficient use of natural resources and lands for the growing population on this planet.” Carrie Chan In total, 100 companies from 26 countries on six continents made the list. It focuses on early to growth-stage companies that are expected to have a significant impact on business and society. Following the award, Avant CEO Carrie Chan will be invited to take part in World Economic Forum activities, events, and discussions over the next year. The company will also be able to contribute to WEF …


Cultured GOOD Chicken ©Eat Just

Market & Trends

Has Singapore Firmly Established Itself as the World Epicentre of Alt Protein?

Last March we published an article discussing Singapore as an emerging food tech capital, with its government investing US$72 billion in climate crisis preparation and creating methods to be to be self-sufficient and battle food insecurity. In the year that has followed, not least this past week, there have been so many further developments that it cannot be ignored that the city-state has effectively established itself at the very forefront of global alt protein. Here is our roundup of recent and most impressive Singaporean news in the past 12 month. This week alone has seen the following three significant Singapore advancements in foodtech / alt protein as follows: Avant Chinese cell-cultured company Avant, the first cell-cultured meat company in China and the first cell-cultured fish …


Zellulin, cellbased collagen Avant

Zellulin ©Avant

Fashion, Design & Beauty

World’s First Cell-Based Collagen Product ‘Zellulin’ is Revealed by Avant

Hong Kong’s Avant is known to vegconomist readers as the first cultivated meat company in China, whose proprietary technology platform produces animal-free fish proteins for various applications ranging from food to skincare. Avant today announces today the launch of Zellulin®, the world’s first cell-based functional protein for the cosmeceutical functional ingredient market.  Following its US$3.1 million seed round funding last year, Avant aims to be a global leader in producing functional, safe, and sustainable cultivated marine products in a fully contained environment. With Zellulin, Avant’s utilises its cell culture biotechnology to enter the US$52.5 billion global anti-aging product market. The product contains multi-functional marine protein peptides that promote anti-oxidation, regeneration, and repairing of skin more effectively than collagen alone as per quantitative studies. It can …


Carrie Chan Avant Meats

Carrie Chan, image courtesy of Avant Meats

Fairs & Events

ProVeg Future Food Series Shines a Spotlight on Seafood Alternatives on 9th Dec

ProVeg Incubator and NX-Food present the Future Food Series, and next Wednesday 9th December the focus will be on the the topic of seafood alternatives, with founders of plantbased and cultivated startups from around Europe and Asia discussing how to successfully launch such products and what the future has in store for this sector.


The Future Food Summit also saw Carrie Chan (founder of Avant Meats) as a panellist in the category: The New Protein Pioneers.

© Avant Meats Company Limited

Company News

Cell-Based Seafood Prototype Available Soon From Avant Meats

Avant Meats – whose tagline is “gratify without sacrifice” – is the first cell-based fish company in China, strategically established in Hong Kong, within the Greater Bay Area.  The Company has been working on the production of fish meat, made sustainably using cell technology, which they aim to make available at similar price to traditional fish and seafoodproducts.