Future Foods

Plant-based giant Beyond Meat witnessed an 18% decrease in annual net revenue in 2023. Despite posting losses in Q4 too, its sales were better than expected, sending the company's shares soaring and signalling a turnaround in fortunes for…
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In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Oato's oat milk launch in retail, Maple Leaf Foods' consolidation, and a…
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Following its rebrand from VFC Foods last month, the newly formed Vegan Food Group is set to acquire German tofu manufacturer Tofutown for an undisclosed sum. With four businesses under its portfolio, the company aims to bolster revenue…
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UK startup Zya has emerged from stealth with a dietary solution that can convert sugar into fibre for your gut, with hopes to get regulatory approval and commercialise in 2026. American adults eat 17 teaspoons of added sugar every day –…
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From pollution and destruction to disease, the societal costs of livestock meat production are an incredible burden. In 2020, the average American ate almost 280 pounds of meat, a figure which is very likely higher today.  Many…
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CPG giant Unilever has teamed up with precision fermentation pioneer Perfect Day for a new SKU, a lactose-free ice cream under the Breyers brand, to bolster its climate strategy and net-zero plans. As it seeks to cut supply chain…
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South Korea has opened up the regulatory approval process for cultivated meat, after the Ministry of Food and Drug Safety established the framework for these applications. During the launch of the APAC Regulatory Coordination…
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Singapore-based 70/30 Food Tech has closed a $700,000 seed extension round, which has helped it launch a research lab to develop mycelium-based protein products, starting with shredded chicken. 70/30 Food Tech's latest fundraiser saw…
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Singaporean food tech startup Prefer, which makes beanless coffee from food industry sidestream ingredients, has raised $2M to fund a larger production facility and its Asia expansion. How do you Prefer your coffee? If you ask Jake…
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US mycelium meat maker Meati has appointed a new CEO and cut 13% of its workforce in a right-sizing move aimed at reaching profitability. Meati has switched up its C-suite by making Phil Graves its new CEO. The former Patagonia…
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Israeli cultivated meat leader Aleph Farms is advancing its Southeast Asia strategy with an "asset-light" approach through a deal that will involve the first production facility dedicated to cultured meat in Thailand. Aleph Farms has…
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In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers South Korea's vegan tourism drive, a new hybrid cultivated beef rice,…
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Israeli startup Day 8, which produces upcycled plant-based proteins from Rubisco, has secured a pre-seed investment of $750,000 from food tech incubator and investor The Kitchen Hub. Day 8 has closed a $750,000 pre-seed financing round…
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Alabama has become the latest US state to take legislative action against cultivated meat, with the Senate passing a bill to ban these proteins. The bill will now move to the House of Representatives, where it could become law. It's…
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German startup Pacifico Foodlabs, which makes alternative proteins from biomass fermentation, has emerged from stealth with $3.3M in pre-seed financing. It is starting with seafood analogues. Founded in November 2022 by Washington…
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The oat milk leader posted an 8.5% increase in year-on-year revenue, though annual losses grew by 6.2%, primarily due to abandoning the construction of three production facilities. The company has promised to focus on…
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Regulatory compliance for precision fermentation is speeding up in the US, with Vivici the latest to achieve self-affirmed GRAS status for its animal-free whey protein. The first products containing Vivici's beta-lactoglobulin are set to…
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New Zealand food tech startup Miruku has raised $5M in a pre-Series A financing round to expand its molecular farming platform for dairy proteins and fats, and conduct field trials in Australia. The $5M pre-Series A fundraiser was led…
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South Korean cultivated meat startup Simple Planet has raised ₩8B ($6M) in a pre-Series A funding round to optimise its technology for its powdered ingredient, secure regulatory approval, and expand internationally. Simple Planet's ₩8M…
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Cargill has added to Scottish-Dutch food tech startup ENOUGH's Series C funding round with an undisclosed sum to expand their existing partnership, which will see the meat giant co-create and market products with the latter's ABUNDA…
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Over four in 10 Japanese consumers are willing to give cultivated meat and seafood a taste as long as it's safe, but 58% have never heard of it, highlighting the challenge for the country's alternative protein sector. In April, the…
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