US agribusiness giant Cargill has announced it is investing in Bflike, a startup producing ingredients that can be used to improve alt-meat products. Bfilke was created by Dutch incubator BOX NV.
Cargill Sets Out to Beat Plant-Based Companies at Their Own Game
Agribusiness giant Cargill, one of the largest meat producers in the US, believes it can take on plant-based companies such as Beyond Meat to become a major player in the meat alternatives industry. While Cargill came relatively late to the plant-based market, behind competitors such as Tyson and Smithfield, the company told CNBC that this was part of a “deliberate and thoughtful” strategy. Now that the industry’s initial rapid growth has plateaued, many other conventional meat companies are treating plant-based products as a fad, putting Cargill at an advantage. Cargill predicts surge in demand Brands like Beyond Meat and Impossible Foods may be more established in the plant-based sector, but Cargill has far more to invest. The corporation is predicting surging demand for protein in …
