Better Meat Co

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Company News

SPAM Parent Company Hormel Foods Pens Plant-Based Deal for Mycoprotein Future

Global food company Hormel Foods Corporation – makers of SPAM – has announced a new partnership with mycoprotein fermentation specialist The Better Meat Co. The exclusive deal aims to bring new mycoprotein and plant-based protein products to the marketplace.  Announcing the partnership through its venturing company and food-forward incubator, 199 Ventures, Hormel Foods will work together with Sacramento-based The Better Meat Co. to develop next-gen sustainable alt protein products using The Better Meat Co.’s innovative Rhiza mycoprotein ingredient. Produced via a potato-based fermentation process, The Better Meat Co.’s Rhiza is a whole food mycoprotein with a remarkable meat-like texture, as well as more protein than eggs and more iron than beef. The mycoprotein market in the US was valued at $149.6 Million in 2020 and …