Novo Holdings has announced an initial investment in MATR Foods, a Danish food tech startup leveraging the power of mycelium, traditional fermentation, and upcycled vegetables to make sustainable plant-based meat.

© MATR Foods

Investments & Finance

Novo Holdings Invests in MATR Foods’ Fungi-Powered Fermented Meat Alternatives

Life science investor Novo Holdings has announced an initial investment in MATR Foods, a Danish food tech startup leveraging the power of mycelium, traditional fermentation, and upcycled vegetables to make sustainable meat alternative products. The startup’s flagship product, MATR Fungi Mince, a low-fat and high-protein alternative offering an amino acid profile similar to meat, is said to have a carbon footprint significantly lower (94% less) than beef. MATR currently supplies products to several Danish restaurant chains, including Gasoline Grill, Sticks’n’Sushi, and the online supermarket Nemlig.com. The new capital will help scale the startup’s production capacity and expand its customer base to meet the demand from existing and new customers. Randi Wahlsten, CEO of MATR, said: “We have been extremely well received by chefs and consumers …

more

THIS Isn't Chicken Breast

© THIS

Meat- and Fish Alternatives

THIS Celebrates Veganuary With New Plant-Based Chicken Breasts and Frozen Mince

UK alt meat brand THIS is celebrating Veganuary with the launch of two new retail products — THIS Isn’t Chicken Breast and frozen THIS Isn’t Beef Mince. Made from soy and pea protein, the plant-based chicken breasts can be oven-cooked or pan-fried. They are now available at Tesco. The frozen mince is a reformulated version of THIS’ popular chilled mince, and is made from soy protein. It joins the brand’s existing frozen range, which features plant-based chicken pieces, tenders, and pork sausages. The mince, which is high in protein and low in saturated fat, is now available at Morrisons. THIS has also partnered with BrewDog for Veganuary, helping the brewery chain launch a range of new menu options. This includes what are claimed to be …

more

VFC fakeaway ready meals

© VFC

Meat- and Fish Alternatives

VFC Launches Fakeaway Ready Meals and “Market First” Chick*n Sausages

Vegan food activist leader VFC is celebrating Veganuary with the launch of several new products in the UK, including a range of fakeaway ready meals, plant-based chicken sausages that are claimed to be a market first, and a chilled version of the brand’s chicken-style mince. The frozen ready meals debut with two products — Chick*n Fried Rice and Chick*n Curry. The single-serving bags can be pan-fried in eight minutes, and aim to offer a healthier, meat-free version of takeaway favourites. They are gluten-free, high in protein, and provide one of the five recommended daily servings of fruit and vegetables. The chick*n sausages and mince are sold chilled, and are described as “flavour-packed”. Both are high-protein, gluten-free, and low in salt and saturated fat. The sausages …

more

Eat Plant Love fish balls

© Eat Plant Love

Meat- and Fish Alternatives

Seafood Company Ha Li Fa Launches Eat Plant Love Brand With Asian Style Fishless Products

Best known for its seafood brand Bobo; Ha Li Fa, a Singapore manufacturer specialising in fish balls for over 30 years, expanded into the plant-based seafood market with the launch of a new 100% plant brand called Eat Plant Love (EPL) in Singapore last year.  ELP offers a fishless alternative to traditional Asian dishes, such as fish balls, fish cakes, and fish rolls. The company’s R&D team took two years to develop a 100% plant-based version of its best-selling seafood products, prioritising the taste and texture preferences of Asian consumers to create its Asian-style offer. Randall Ang, ELP Deputy Managing Director, told Food Navigator that the customer feedback has been overwhelmingly positive, affirming the ability of the plant-based alternatives to deliver the brand’s original fish flavors. …

more

Dopsu range expands

© ABP Group

Products & Launches

Red Meat Giant ABP Expands Plant-Based Dopsu Range With Mince & Meatballs

Article amended 7/2: products are made with pea protein, not wheat. Irish meat producer ABP Group has added to its plant-based Dopsu range with two new products — No-Beef Balls and No-Beef Mince. The meat alternatives are made from pea protein and are now available at Asda stores in the UK. The launch is accompanied by a marketing campaign featuring TV personality Fred Sirieix, who is a Dopsu brand ambassador. “Dopsu’s range cooks and tastes just like meat, so people can create their favourite meals without compromising on a meat lovers’ experience. It is affordable, convenient, and helps to reduce wastage for diners who are turning to foods that fit with a more sustainable lifestyle,” Abigail Flynn, brand manager at Dopsu, told The Grocer. Positive …

more

Arley's mince-based meat alternatives

© Arley's

Products & Launches

Arley’s Develops Gourmet Mince-Based Meat Alternatives With “No Compromises on Taste or Texture”

UK brand Arley’s has launched a new line of six mince-based meat alternatives. The range features plant-based mince, beef burgers, chicken burgers, pork sausages, regular meatballs, and spicy meatballs. The new launches add to Arley’s existing range of five products — plant-based kofta kebabs, beef pieces, chicken pieces, chicken breast, and pancetta. The brand says it aims to “play an integral and supportive role in the transition to plant-based food across the world”. Though Arley’s is a relatively new company, it has already expanded into Finland, Dubai, Singapore, and Costa Rica, with plans to enter several more European nations. The company has also signed agreements to launch in Latin America, the US, and the Arab GCC countries. Plant-based mince Worldwide, various companies are taking innovative …

more

Fënn Foods raises $3 million

Executive chairman Mr. Nicholas Simms. © Fënn Foods

Investments & Finance

Fënn Foods Raises $3M in Oversubscribed Private Capital Raise

Fënn Foods raises $3 million to meet increasing demand and expand internationally. Australian plant-based foods producer Fënn Foods has announced an oversubscribed private capital raise from investors including leading fund manager Bombora Investment Management. This is an especially noteworthy investment partner considering  Bombora Special Investments Growth Fund’s track record and tendency to invest in high growth, pre-IPO companies and listed equities. “This injection of capital enables us to increase our investment in innovation, marketing and production, allowing us to meet the increasing demand for vEEF® products, enter new categories and explore distribution into select international markets,” said Mr Nicholas Simms, Executive Chairman for Fënn Foods. Fënn saw rapid growth last year, with its products now stocked in major retail stores such as Woolworths and Coles. …

more

Alejandro Fenn Foods

©Fenn Foods

Interviews

Fenn Foods: “Our Goal is to Have the Whole Company and All of our Products Carbon Neutral by 2022”

Introducing Australia’s Fenn Foods – producer of plant meat of plant meats with a difference, with the tagline, “At last, a meat-free option that’s better than the real thing.” Fenn Foods created the world’s first carbon-neutral, plant-based mince, pioneering a move that co-founder and CEO Alejandro Cancino hopes and believes will catch on.

more

Beyond_Beef

©Beyond Meat

Products & Launches

Beyond Meat Unveils New Beyond Beef

Beyond Meat today debuted its latest breakthrough in plant-based food innovation – a minced beef (ground beef) alternative called Beyond Beef, said to have the meaty taste, texture and versatiliy as ground beef, but with the added health and sustainability benefits of plant-based meat. Beyond’s highly sought-after burgers and sausages are already available in more than 35,000 restaurants, grocery stores, universities, hotels, stadiums.

more

YvesVeggieHamXL

©Yves

Company News

Category Leader Yves Veggie Cuisine® Announces Re-brand

The vegan, vegetarian and flexitarian population of Canada has been rising rapidly of recent years, and in a recent study conducted by Dalhousie University, over 32% of Canadians are looking to reduce or eliminate meat consumption over the next 6 months. Canadian brand Yves Veggie Cuisine® has been creating delicious foods for more than 20 years and are committed to staying at the forefront of this movement.

more