From greenqueen.com.hk
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 Fry’s Family Foods’ formable mince, Domino’s vegan cheese collaboration in Australia, and upcycled food start-up Reduced’s Series A fundraise.
New products and launches
Fry’s Family Foods has launched what it says is the UK plant-based industry’s first ‘formable’ mince. The Shape and Sizzle SKU can be made into meatballs, koftas, burgers and sausages, and is available at Tesco for £2.50 per 300g.
Mondelēz International has released a plant-based version of its Dairylea cheese Dunkers in Morrisons in the UK, with the garlic- and onion-flavoured crunchy tubes now accompanied by a coconut- and oat-based cheese dip.
Mycoprotein giant Quorn has rolled out a new foodservice menu solutions department called QuornPro, launching through a partnership with Good It’s Gluten Free to include gluten-free meals in foodservice.
Also in the UK, vegan chocolate brand Buttermilk has introduced the Choccy Wafer Bar, a dairy- and gluten-free replica of KitKat Chunky made from rice. It’s available online and at Sainsbury’s for £1.70.
Speaking of replicating famous chocolates, fellow British brand NOMO has released a vegan coconut-chocolate bar in the style of Mars’ popular Bounty offering.
Canada’s Else Nutrition has rolled out vegan Ready-to-Drink Kids Shakes in chocolate and vanilla flavours at 19 Bristol Farms locations in Southern California. Suitable for ages two to 13, they’re made from a base of almond butter and buckwheat flour.
Icelandic brand Good Good has launched a vegan lemon curd with no added sugar in the US, which is available on its website and on Amazon for $9.99 per 330g jar.
Finance and company developments
Swedish precision fermentation start-up Melt&Marble has achieved a manufacturing milestone, completing a demo-scale production of 10,000 litres of fermentation for its animal-free fat.
Swedish agrifood company Lantmännen has poured in 1.2 billion Swedish kronor ($116M) towards a new plant protein factory in Lidköping, which will be able to produce 7,000 tonnes of concentrated protein from peas and fava beans annually.
Also in the Nordics, Copenhagen-based food waste startup Reduced, which creates upcycled food ingredients, has announced the second closing of its Series A funding round, which now totals €8M ($8.8M).
The Climate Bonds Standard, a certification scheme for green debt instruments, has added alternative proteins to its criteria to help drive investment into the sector.
Artisanal vegan cheesemaker Climax Foods has secured bridge funding from existing investors to extend its runway for the rest of the year, after a challenging few months that has seen a majority of employees furloughed, given unpaid leave, or take voluntary salary cuts.
In England, the Stroud Farmers’ Market has closed its monthly vegan market, citing a lack of footfall and decreasing stalls each month.
Policy, research and awards
South Korea’s TissenBioFarm has received the Cultured Meat Product of the Year honour at the 2024 AgTech Breakthrough Awards for its marbled cultivated steak.
In India, 69% of consumers find plant-based proteins to be as effective as meat, according to a survey by Wonderful Pistachios.
The Newcastle City Council in the UK has introduced a trial to generate renewable energy and fertilisers from food waste. Households will receive two new containers and caddy bags for food waste, which will then be recycled.
Another local government in the UK, the Nottingham City Council, has announced it will only serve vegan food and drinks at internal meetings from the end of September.
Finally, Israeli alt-seafood player Oshi has received its trademark in the US, weeks after partnering with Lewis Hamilton-backed vegan chain Neat. It recently relocated production to California, spotting a bigger market for its plant-based fish in the US.
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