Despite booming commercial interest in plant-based and cultivated meat, funding for academic research lags behind, and the industries lack the open-access data required to overcome technical hurdles and scale up to become a viable part of the global food system.
Food innovation expert says Memphis Meats’ $161 million Series B led by SoftBank, Temasek, and Norwest is the largest-ever for a cultivated meat startup and is a sign of ‘monumental’ progress and investor confidence in the technology.
Surging interest in plant-based foods coupled with global pork shortages and increasing food safety concerns could see plant-based pork become a billion plus-dollar category by 2030, says The Good Food Institute (GFI) Associate Director of Corporate Engagement Caroline Bushnell.
Amidst surging interest in plant-based food in the Southeast, a restrictive Arkansas law threatens consumers’ independence and seeks to deny access to the products they demand, says food policy expert.
Refrigerated plant-based burger sales in U.S. retail have surged 151 percent since 2018, according to SPINS data commissioned by GFI and PBFA. The data shows that refrigerated plant-based burgers are a key engine for growth within the plant-based meat market, with sales increasing more than five times as fast as other plant-based meat products.
The Good Food Institute welcomes the formation of a coalition that will represent some of America's most prominent cultured meat companies. The newly launched Alliance for Meat, Poultry & Seafood Innovation (AMPS Innovation) will educate and advocate on behalf of the flourishing cultured meat industry.
Good Food Institute Executive Director says plant and cell-based meat investments are critical to food system overhaul, as the world’s leading scientists declare that industrial animal agriculture is destroying our planet and jeopardizing global health.
Good Food Institute Executive Director commends Beyond Meat for its leadership, says the company’s IPO will drive sales and boost the availability of plant-based meats to meet increasing consumer demand.