Browsing tag

alt protein industry growth

Cargill CEO David MacLennan: Plant-Based To Be ‘10% Of The Market’ & Will Cannibalise Meat Business

3 Mins Read David MacLennan, the chief executive officer of agribusiness giant Cargill, the world’s third-largest meat producer globally, said that the plant-based protein industry will eat into the market share of animal-based products in a few years as the alternative protein sector rapidly expands. U.S.-based agri-giant Cargill, which regularly makes headlines for environmental and social missteps including food […]

Upcycled Vegan Supplement Startup Outcast Foods YOY Online Sales Grow By 3,872%

3 Mins Read Plant-based food technology startup Outcast Foods, which transforms unattractive produce into nutrient-dense foods and bills itself as ‘the world’s first sustainable supplement company’ has recorded a whopping 3,872% in year-on-year online sales growth, which they attribute to increasing consumer interest in reducing food waste and shopping with sustainability in mind. Canadian-based Outcast Foods takes “misfit” […]

Eat Just Has Sold The Vegan Equivalent Of 100 Million Eggs

3 Mins Read Eat JUST, the food tech that launched the plant-based egg JUST, recently announced that in just three years of the vegan egg’s launch, the company has sold over 100 million eggs, showing the increasing support and demand of alternative protein among consumers. The news comes shortly after the company raised an eye-raising US$200 million in […]

Alternative Proteins Could Capture 22% Overall Global Market By 2035, New Report Says

6 Mins Read With advancements in technological innovation and full regulatory support, alternative proteins could take up as much as 22% of the entire global protein market by 2035, a new report reveals. While this “best-case scenario” will require all three pillars in the sector – plant-based, cell-based and fermentation – to reach price parity, researchers’ conservative estimates […]

Pulled Barvecue? Welcome To The World’s Largest Plant-Based Smokehouse

3 Mins Read Wood-smoked, plant-based barbecue? U.S. food company Barvecue has announced its plans to open the world’s largest plant-based smokehouse, which will be able to manufacture 800,000 pounds of plant-based barbecue meat annually. Based in North Carolina, U.S., Barvecue plans to open a 10,000 square foot production facility called the Carolina Smokehouse, in July this year. Founded […]

Australian Plant-Based Meat Industry ‘Grew Exponentially’ In 2020, New Report Reveals

4 Mins Read Australia’s plant-based meat industry thrived despite the economic downturn amid the pandemic, according to data published in a new report from regional alternative protein think tank Food Frontier. From surging retail sales to impressive three-digit growth rates observed in manufacturing revenues and job numbers, the report details the “exponential” rise of the sector and the […]

Big Idea Ventures Launch Fund To Support Rural U.S. Economies Through Alt Protein Innovation

4 Mins Read New York and Singapore-based venture capital firm, Big Idea Ventures recently launched a fund to strengthen rural economies across the U.S. through alternative protein innovation and other agricultural technologies. Founded in 2018, Big Idea Ventures (BIV), a venture capital company that invests in early-stage alternative protein innovation has launched the Generation Food Rural Partners (GFRP) […]

Nutrapharma Creates Protein Powder Supplements From Scraps To Fight Food Waste

3 Mins Read U.K.-based Nutrapharma has recently pioneered a food waste solution that involves creating protein powder for saleable supplements from excess fruits and vegetables to lessen carbon emissions produced by scraps and provide a plant-based solution to the protein industry. Located in the UK, Nutrapharma has developed a way to tackle food waste by making protein-rich powder […]