This Week In Food: Andreessen Horowitz first investment into alt-protein and Impossible enters the plant-based chicken race

This Week In Food: Andreessen Horowitz first investment into alt-protein and Impossible enters the plant-based chicken race

By
Nicola Spalding
July 23, 2021

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

Source: Chipotle

📈 What’s Up: Chipotle posted a second-quarter earnings report which exceeded Wall Street expectations, thanks to the mass return of diners desperate to eat out again after months of pandemic lockdowns. Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

📉 What’s Down: The UK government is banning in-store multibuy promotion of foods high in fat, sugar and salt, to try and curb the ongoing obesity crisis and accrue combined health benefits of £60M over the next 25 years.

🔎 The Rockefeller Foundation has released a new report, ‘True Cost of Food: Measuring What Matters to Transform the U.S. Food System’, which outlines the impacts of food production on health, the environment, biodiversity and much more.

🐓 Add your suggestions: We’ve set out to build the largest list of active plant-based chicken providers - add any companies you know to the list here. Full report out on FoodHack+ next week.

🤝 New Feature: Looking for an advisor or looking to advise startups? Fill in the form here and we'll let you know when we've found a match in our network (40+ advisors and 20+startups have applied so far)

💸 Funding & IPO's

🔔 Instant grocery startup GoPuff has filed to raise $750M at a $13.5B valuation, but sources say that it’ll be more like a $1B raise at a $15B valuation, to scale its operations asap.

💰 Colombian on-demand delivery startup Rappi raised ‘over’ $500M series F funding at a $5.25B valuation, bringing its total raised to over $2B. Rappi has operations in 250 cities across nine countries in Latin America.

🧬 Pivot Bio secured $430M in a series D round led by Temasek to mass produce DNA-altered nitrogen-producing microbes for farmers to apply to their fields, replacing synthetic nitrogen products which are highly-pollutive to manufacture.

🍄 Chicago-based Nature’s Fynd raised $350M series C funding to expand capacity for its fungi-based alternative protein ingredient, Fy, produced via fermentation.

🚲 Super-fast grocery delivery startup JOKR closed $170M series A funding for its network of small, delivery-only grocery stores which serve a small radius with a limited number of items, allowing JOKR to tailor its operations to specific neighbourhoods.

🍴Restaurant tech firm Choco raised $100M series B funding for its mobile app which digitises the relationship between restaurants and their suppliers, to reduce food waste and minimise hidden costs in back of house operations.

🧀 Plant-based cheese firm Nobell Foods raised $75M series B funding and launched out of stealth mode, with backing from Andreessen Horowitz It will use the new funds to commercialise its first products, including vegan mozzarella made from soybeans that are genetically edited to produce casein.

🍗 Stryve Foods, which makes air-dried meat products, is going public through a SPAC deal which saw its stock launch on the Nasdaq this week.

💸 Find all 23 funding rounds of the week here including: Swiggy, Rappi, Pivot Bio, Nature's Fynd, JOKR, Choco, Nobell Foods, Little Spoon, Zenput, Collectiv Food, Prenexus Health, Bbot, ClimateAI, Quinn Foods, Rise Gardens, Her1, Halla, Multus Biotech, Welldone, EBar, Reduced, Shiok Meats, Just Salad.

🧫 Cellular Ag

Source: Hadas Parush / MeaTech / Tiv Ta’am.

🍖 Israeli cell-based startup MeaTech is partnering with pork giant Tiv Ta’am to co-develop cell-cultured meat products to the Israeli market and beyond. 

🧫 Two sides of the cell-based coin: Impossible Foods founder and CEO Patrick Brown snubbed cultivated meat once again, dismissing it as “complete vaporware” in an interview with the Washington Post. On the other hand, British billionaire Jim Mellon predicts that cell-based meat will be cheaper than conventional meat, and even plant-based options, within five years. Who will be right?

💡Eric Archambeau of Astanor gives a critical look at VC’s obsession with cultured meat and groceries and spotlights under looked segments and companies that are driving positive impact in the future of food.

💰 London-based fintech platform Vevolution released fundraising data which shows that its plant-based and cell-based startups are looking to raise $130M on its fundraising platform, demonstrating the strong support it is able to provide.


Sponsored by Givaudan

Food texture is becoming big business. Who will be next?

Givaudan is calling on the next generation of food texture companies from around the globe to apply to Givaudan's Future of Texture challenge. 

Selected startups will benefit from the opportunity to scale-up their solutions with the help and support of Givaudan's expert team at the newly-opened Zurich Innovation Center.

Apply here if your company is working on innovative technologies and solutions across the food texture sector.


🌱 Plant Based

Source: Impossible Foods

🐓 Impossible Foods is planning to launch plant-based chicken nuggets later this year, first in restaurants and later rolling out to grocery stores. The nuggets will not contain its controversial heme ingredient.

🐔 Field Roast has partnered with Costco to launch a 24-ounce club pack of plant-based chicken nuggets, twice as many as the regular retail pack and featuring a new and improved formula.

🐷 Beyond Meat is launching its products, including Beyond Pork, on Chinese e-commerce giant JD.com’s platform, its first foray into China’s online retail market.

🐟 The largest seafood QSR chain in the US, Long John Silver’s, is launching Good Catch’s plant-based seafood in some of its outlets in Georgia and California, to meet growing consumer demand.

🥚 ChickP announced that its proprietary isolate has been developed for use in recipes as a one-to-one replacement for egg yolk, and is going into large-scale pilot production.

🌱 Plant-based meat producer Planted has made significant progress in just 2 years of operations. And with new investors regularly knocking at their doors, the company is gearing up to raise their next big round.

📈 Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

🕴Big Food

Source: Victory

🛒 Israeli supermarket chain Victory is launching a sub-chain of neighbourhood convenience stores called Victory City, to meet consumer demand and add NIS 500 million to the company’s annual sales.

🇦🇺 Woolworths is backing product accelerator Seedlab Australia with a $4M investment to support founders and ventures with the potential for high growth in categories such as artisan foods, health and wellness, and more sustainable products.

🛍 Uber is expanding its grocery delivery service to more than 400 US cities and towns, after the service became a key part of its product offer through the pandemic.

🍇 Dole is making its debut in the functional foods category with its latest product launches, Dole Fruitify juices and Dole Essentials fruit bowls, which include ingredients such as turmeric, green tea extract and coconut water.

🍦 Whole Foods Market has announced its newest ice cream flavour, Almondmilk Birthday Blondie, chosen by consumers from four new trend-inspired concepts.

🍩 Krispy Kreme is launching new, limited-edition doughnuts inspired by classic carnival fare such as caramel apple, cotton candy and caramel popcorn.


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Curated by Nicola & Arman

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This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

Source: Chipotle

📈 What’s Up: Chipotle posted a second-quarter earnings report which exceeded Wall Street expectations, thanks to the mass return of diners desperate to eat out again after months of pandemic lockdowns. Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

📉 What’s Down: The UK government is banning in-store multibuy promotion of foods high in fat, sugar and salt, to try and curb the ongoing obesity crisis and accrue combined health benefits of £60M over the next 25 years.

🔎 The Rockefeller Foundation has released a new report, ‘True Cost of Food: Measuring What Matters to Transform the U.S. Food System’, which outlines the impacts of food production on health, the environment, biodiversity and much more.

🐓 Add your suggestions: We’ve set out to build the largest list of active plant-based chicken providers - add any companies you know to the list here. Full report out on FoodHack+ next week.

🤝 New Feature: Looking for an advisor or looking to advise startups? Fill in the form here and we'll let you know when we've found a match in our network (40+ advisors and 20+startups have applied so far)

💸 Funding & IPO's

🔔 Instant grocery startup GoPuff has filed to raise $750M at a $13.5B valuation, but sources say that it’ll be more like a $1B raise at a $15B valuation, to scale its operations asap.

💰 Colombian on-demand delivery startup Rappi raised ‘over’ $500M series F funding at a $5.25B valuation, bringing its total raised to over $2B. Rappi has operations in 250 cities across nine countries in Latin America.

🧬 Pivot Bio secured $430M in a series D round led by Temasek to mass produce DNA-altered nitrogen-producing microbes for farmers to apply to their fields, replacing synthetic nitrogen products which are highly-pollutive to manufacture.

🍄 Chicago-based Nature’s Fynd raised $350M series C funding to expand capacity for its fungi-based alternative protein ingredient, Fy, produced via fermentation.

🚲 Super-fast grocery delivery startup JOKR closed $170M series A funding for its network of small, delivery-only grocery stores which serve a small radius with a limited number of items, allowing JOKR to tailor its operations to specific neighbourhoods.

🍴Restaurant tech firm Choco raised $100M series B funding for its mobile app which digitises the relationship between restaurants and their suppliers, to reduce food waste and minimise hidden costs in back of house operations.

🧀 Plant-based cheese firm Nobell Foods raised $75M series B funding and launched out of stealth mode, with backing from Andreessen Horowitz It will use the new funds to commercialise its first products, including vegan mozzarella made from soybeans that are genetically edited to produce casein.

🍗 Stryve Foods, which makes air-dried meat products, is going public through a SPAC deal which saw its stock launch on the Nasdaq this week.

💸 Find all 23 funding rounds of the week here including: Swiggy, Rappi, Pivot Bio, Nature's Fynd, JOKR, Choco, Nobell Foods, Little Spoon, Zenput, Collectiv Food, Prenexus Health, Bbot, ClimateAI, Quinn Foods, Rise Gardens, Her1, Halla, Multus Biotech, Welldone, EBar, Reduced, Shiok Meats, Just Salad.

🧫 Cellular Ag

Source: Hadas Parush / MeaTech / Tiv Ta’am.

🍖 Israeli cell-based startup MeaTech is partnering with pork giant Tiv Ta’am to co-develop cell-cultured meat products to the Israeli market and beyond. 

🧫 Two sides of the cell-based coin: Impossible Foods founder and CEO Patrick Brown snubbed cultivated meat once again, dismissing it as “complete vaporware” in an interview with the Washington Post. On the other hand, British billionaire Jim Mellon predicts that cell-based meat will be cheaper than conventional meat, and even plant-based options, within five years. Who will be right?

💡Eric Archambeau of Astanor gives a critical look at VC’s obsession with cultured meat and groceries and spotlights under looked segments and companies that are driving positive impact in the future of food.

💰 London-based fintech platform Vevolution released fundraising data which shows that its plant-based and cell-based startups are looking to raise $130M on its fundraising platform, demonstrating the strong support it is able to provide.


Sponsored by Givaudan

Food texture is becoming big business. Who will be next?

Givaudan is calling on the next generation of food texture companies from around the globe to apply to Givaudan's Future of Texture challenge. 

Selected startups will benefit from the opportunity to scale-up their solutions with the help and support of Givaudan's expert team at the newly-opened Zurich Innovation Center.

Apply here if your company is working on innovative technologies and solutions across the food texture sector.


🌱 Plant Based

Source: Impossible Foods

🐓 Impossible Foods is planning to launch plant-based chicken nuggets later this year, first in restaurants and later rolling out to grocery stores. The nuggets will not contain its controversial heme ingredient.

🐔 Field Roast has partnered with Costco to launch a 24-ounce club pack of plant-based chicken nuggets, twice as many as the regular retail pack and featuring a new and improved formula.

🐷 Beyond Meat is launching its products, including Beyond Pork, on Chinese e-commerce giant JD.com’s platform, its first foray into China’s online retail market.

🐟 The largest seafood QSR chain in the US, Long John Silver’s, is launching Good Catch’s plant-based seafood in some of its outlets in Georgia and California, to meet growing consumer demand.

🥚 ChickP announced that its proprietary isolate has been developed for use in recipes as a one-to-one replacement for egg yolk, and is going into large-scale pilot production.

🌱 Plant-based meat producer Planted has made significant progress in just 2 years of operations. And with new investors regularly knocking at their doors, the company is gearing up to raise their next big round.

📈 Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

🕴Big Food

Source: Victory

🛒 Israeli supermarket chain Victory is launching a sub-chain of neighbourhood convenience stores called Victory City, to meet consumer demand and add NIS 500 million to the company’s annual sales.

🇦🇺 Woolworths is backing product accelerator Seedlab Australia with a $4M investment to support founders and ventures with the potential for high growth in categories such as artisan foods, health and wellness, and more sustainable products.

🛍 Uber is expanding its grocery delivery service to more than 400 US cities and towns, after the service became a key part of its product offer through the pandemic.

🍇 Dole is making its debut in the functional foods category with its latest product launches, Dole Fruitify juices and Dole Essentials fruit bowls, which include ingredients such as turmeric, green tea extract and coconut water.

🍦 Whole Foods Market has announced its newest ice cream flavour, Almondmilk Birthday Blondie, chosen by consumers from four new trend-inspired concepts.

🍩 Krispy Kreme is launching new, limited-edition doughnuts inspired by classic carnival fare such as caramel apple, cotton candy and caramel popcorn.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

Source: Chipotle

📈 What’s Up: Chipotle posted a second-quarter earnings report which exceeded Wall Street expectations, thanks to the mass return of diners desperate to eat out again after months of pandemic lockdowns. Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

📉 What’s Down: The UK government is banning in-store multibuy promotion of foods high in fat, sugar and salt, to try and curb the ongoing obesity crisis and accrue combined health benefits of £60M over the next 25 years.

🔎 The Rockefeller Foundation has released a new report, ‘True Cost of Food: Measuring What Matters to Transform the U.S. Food System’, which outlines the impacts of food production on health, the environment, biodiversity and much more.

🐓 Add your suggestions: We’ve set out to build the largest list of active plant-based chicken providers - add any companies you know to the list here. Full report out on FoodHack+ next week.

🤝 New Feature: Looking for an advisor or looking to advise startups? Fill in the form here and we'll let you know when we've found a match in our network (40+ advisors and 20+startups have applied so far)

💸 Funding & IPO's

🔔 Instant grocery startup GoPuff has filed to raise $750M at a $13.5B valuation, but sources say that it’ll be more like a $1B raise at a $15B valuation, to scale its operations asap.

💰 Colombian on-demand delivery startup Rappi raised ‘over’ $500M series F funding at a $5.25B valuation, bringing its total raised to over $2B. Rappi has operations in 250 cities across nine countries in Latin America.

🧬 Pivot Bio secured $430M in a series D round led by Temasek to mass produce DNA-altered nitrogen-producing microbes for farmers to apply to their fields, replacing synthetic nitrogen products which are highly-pollutive to manufacture.

🍄 Chicago-based Nature’s Fynd raised $350M series C funding to expand capacity for its fungi-based alternative protein ingredient, Fy, produced via fermentation.

🚲 Super-fast grocery delivery startup JOKR closed $170M series A funding for its network of small, delivery-only grocery stores which serve a small radius with a limited number of items, allowing JOKR to tailor its operations to specific neighbourhoods.

🍴Restaurant tech firm Choco raised $100M series B funding for its mobile app which digitises the relationship between restaurants and their suppliers, to reduce food waste and minimise hidden costs in back of house operations.

🧀 Plant-based cheese firm Nobell Foods raised $75M series B funding and launched out of stealth mode, with backing from Andreessen Horowitz It will use the new funds to commercialise its first products, including vegan mozzarella made from soybeans that are genetically edited to produce casein.

🍗 Stryve Foods, which makes air-dried meat products, is going public through a SPAC deal which saw its stock launch on the Nasdaq this week.

💸 Find all 23 funding rounds of the week here including: Swiggy, Rappi, Pivot Bio, Nature's Fynd, JOKR, Choco, Nobell Foods, Little Spoon, Zenput, Collectiv Food, Prenexus Health, Bbot, ClimateAI, Quinn Foods, Rise Gardens, Her1, Halla, Multus Biotech, Welldone, EBar, Reduced, Shiok Meats, Just Salad.

🧫 Cellular Ag

Source: Hadas Parush / MeaTech / Tiv Ta’am.

🍖 Israeli cell-based startup MeaTech is partnering with pork giant Tiv Ta’am to co-develop cell-cultured meat products to the Israeli market and beyond. 

🧫 Two sides of the cell-based coin: Impossible Foods founder and CEO Patrick Brown snubbed cultivated meat once again, dismissing it as “complete vaporware” in an interview with the Washington Post. On the other hand, British billionaire Jim Mellon predicts that cell-based meat will be cheaper than conventional meat, and even plant-based options, within five years. Who will be right?

💡Eric Archambeau of Astanor gives a critical look at VC’s obsession with cultured meat and groceries and spotlights under looked segments and companies that are driving positive impact in the future of food.

💰 London-based fintech platform Vevolution released fundraising data which shows that its plant-based and cell-based startups are looking to raise $130M on its fundraising platform, demonstrating the strong support it is able to provide.


Sponsored by Givaudan

Food texture is becoming big business. Who will be next?

Givaudan is calling on the next generation of food texture companies from around the globe to apply to Givaudan's Future of Texture challenge. 

Selected startups will benefit from the opportunity to scale-up their solutions with the help and support of Givaudan's expert team at the newly-opened Zurich Innovation Center.

Apply here if your company is working on innovative technologies and solutions across the food texture sector.


🌱 Plant Based

Source: Impossible Foods

🐓 Impossible Foods is planning to launch plant-based chicken nuggets later this year, first in restaurants and later rolling out to grocery stores. The nuggets will not contain its controversial heme ingredient.

🐔 Field Roast has partnered with Costco to launch a 24-ounce club pack of plant-based chicken nuggets, twice as many as the regular retail pack and featuring a new and improved formula.

🐷 Beyond Meat is launching its products, including Beyond Pork, on Chinese e-commerce giant JD.com’s platform, its first foray into China’s online retail market.

🐟 The largest seafood QSR chain in the US, Long John Silver’s, is launching Good Catch’s plant-based seafood in some of its outlets in Georgia and California, to meet growing consumer demand.

🥚 ChickP announced that its proprietary isolate has been developed for use in recipes as a one-to-one replacement for egg yolk, and is going into large-scale pilot production.

🌱 Plant-based meat producer Planted has made significant progress in just 2 years of operations. And with new investors regularly knocking at their doors, the company is gearing up to raise their next big round.

📈 Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

🕴Big Food

Source: Victory

🛒 Israeli supermarket chain Victory is launching a sub-chain of neighbourhood convenience stores called Victory City, to meet consumer demand and add NIS 500 million to the company’s annual sales.

🇦🇺 Woolworths is backing product accelerator Seedlab Australia with a $4M investment to support founders and ventures with the potential for high growth in categories such as artisan foods, health and wellness, and more sustainable products.

🛍 Uber is expanding its grocery delivery service to more than 400 US cities and towns, after the service became a key part of its product offer through the pandemic.

🍇 Dole is making its debut in the functional foods category with its latest product launches, Dole Fruitify juices and Dole Essentials fruit bowls, which include ingredients such as turmeric, green tea extract and coconut water.

🍦 Whole Foods Market has announced its newest ice cream flavour, Almondmilk Birthday Blondie, chosen by consumers from four new trend-inspired concepts.

🍩 Krispy Kreme is launching new, limited-edition doughnuts inspired by classic carnival fare such as caramel apple, cotton candy and caramel popcorn.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

Source: Chipotle

📈 What’s Up: Chipotle posted a second-quarter earnings report which exceeded Wall Street expectations, thanks to the mass return of diners desperate to eat out again after months of pandemic lockdowns. Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

📉 What’s Down: The UK government is banning in-store multibuy promotion of foods high in fat, sugar and salt, to try and curb the ongoing obesity crisis and accrue combined health benefits of £60M over the next 25 years.

🔎 The Rockefeller Foundation has released a new report, ‘True Cost of Food: Measuring What Matters to Transform the U.S. Food System’, which outlines the impacts of food production on health, the environment, biodiversity and much more.

🐓 Add your suggestions: We’ve set out to build the largest list of active plant-based chicken providers - add any companies you know to the list here. Full report out on FoodHack+ next week.

🤝 New Feature: Looking for an advisor or looking to advise startups? Fill in the form here and we'll let you know when we've found a match in our network (40+ advisors and 20+startups have applied so far)

💸 Funding & IPO's

🔔 Instant grocery startup GoPuff has filed to raise $750M at a $13.5B valuation, but sources say that it’ll be more like a $1B raise at a $15B valuation, to scale its operations asap.

💰 Colombian on-demand delivery startup Rappi raised ‘over’ $500M series F funding at a $5.25B valuation, bringing its total raised to over $2B. Rappi has operations in 250 cities across nine countries in Latin America.

🧬 Pivot Bio secured $430M in a series D round led by Temasek to mass produce DNA-altered nitrogen-producing microbes for farmers to apply to their fields, replacing synthetic nitrogen products which are highly-pollutive to manufacture.

🍄 Chicago-based Nature’s Fynd raised $350M series C funding to expand capacity for its fungi-based alternative protein ingredient, Fy, produced via fermentation.

🚲 Super-fast grocery delivery startup JOKR closed $170M series A funding for its network of small, delivery-only grocery stores which serve a small radius with a limited number of items, allowing JOKR to tailor its operations to specific neighbourhoods.

🍴Restaurant tech firm Choco raised $100M series B funding for its mobile app which digitises the relationship between restaurants and their suppliers, to reduce food waste and minimise hidden costs in back of house operations.

🧀 Plant-based cheese firm Nobell Foods raised $75M series B funding and launched out of stealth mode, with backing from Andreessen Horowitz It will use the new funds to commercialise its first products, including vegan mozzarella made from soybeans that are genetically edited to produce casein.

🍗 Stryve Foods, which makes air-dried meat products, is going public through a SPAC deal which saw its stock launch on the Nasdaq this week.

💸 Find all 23 funding rounds of the week here including: Swiggy, Rappi, Pivot Bio, Nature's Fynd, JOKR, Choco, Nobell Foods, Little Spoon, Zenput, Collectiv Food, Prenexus Health, Bbot, ClimateAI, Quinn Foods, Rise Gardens, Her1, Halla, Multus Biotech, Welldone, EBar, Reduced, Shiok Meats, Just Salad.

🧫 Cellular Ag

Source: Hadas Parush / MeaTech / Tiv Ta’am.

🍖 Israeli cell-based startup MeaTech is partnering with pork giant Tiv Ta’am to co-develop cell-cultured meat products to the Israeli market and beyond. 

🧫 Two sides of the cell-based coin: Impossible Foods founder and CEO Patrick Brown snubbed cultivated meat once again, dismissing it as “complete vaporware” in an interview with the Washington Post. On the other hand, British billionaire Jim Mellon predicts that cell-based meat will be cheaper than conventional meat, and even plant-based options, within five years. Who will be right?

💡Eric Archambeau of Astanor gives a critical look at VC’s obsession with cultured meat and groceries and spotlights under looked segments and companies that are driving positive impact in the future of food.

💰 London-based fintech platform Vevolution released fundraising data which shows that its plant-based and cell-based startups are looking to raise $130M on its fundraising platform, demonstrating the strong support it is able to provide.


Sponsored by Givaudan

Food texture is becoming big business. Who will be next?

Givaudan is calling on the next generation of food texture companies from around the globe to apply to Givaudan's Future of Texture challenge. 

Selected startups will benefit from the opportunity to scale-up their solutions with the help and support of Givaudan's expert team at the newly-opened Zurich Innovation Center.

Apply here if your company is working on innovative technologies and solutions across the food texture sector.


🌱 Plant Based

Source: Impossible Foods

🐓 Impossible Foods is planning to launch plant-based chicken nuggets later this year, first in restaurants and later rolling out to grocery stores. The nuggets will not contain its controversial heme ingredient.

🐔 Field Roast has partnered with Costco to launch a 24-ounce club pack of plant-based chicken nuggets, twice as many as the regular retail pack and featuring a new and improved formula.

🐷 Beyond Meat is launching its products, including Beyond Pork, on Chinese e-commerce giant JD.com’s platform, its first foray into China’s online retail market.

🐟 The largest seafood QSR chain in the US, Long John Silver’s, is launching Good Catch’s plant-based seafood in some of its outlets in Georgia and California, to meet growing consumer demand.

🥚 ChickP announced that its proprietary isolate has been developed for use in recipes as a one-to-one replacement for egg yolk, and is going into large-scale pilot production.

🌱 Plant-based meat producer Planted has made significant progress in just 2 years of operations. And with new investors regularly knocking at their doors, the company is gearing up to raise their next big round.

📈 Alternative proteins are set to accelerate at a CAGR of 8% in the period 2020-27, hitting $4.8B by 2027, with Chinese demand and mycoprotein the main drivers behind the growth.

🕴Big Food

Source: Victory

🛒 Israeli supermarket chain Victory is launching a sub-chain of neighbourhood convenience stores called Victory City, to meet consumer demand and add NIS 500 million to the company’s annual sales.

🇦🇺 Woolworths is backing product accelerator Seedlab Australia with a $4M investment to support founders and ventures with the potential for high growth in categories such as artisan foods, health and wellness, and more sustainable products.

🛍 Uber is expanding its grocery delivery service to more than 400 US cities and towns, after the service became a key part of its product offer through the pandemic.

🍇 Dole is making its debut in the functional foods category with its latest product launches, Dole Fruitify juices and Dole Essentials fruit bowls, which include ingredients such as turmeric, green tea extract and coconut water.

🍦 Whole Foods Market has announced its newest ice cream flavour, Almondmilk Birthday Blondie, chosen by consumers from four new trend-inspired concepts.

🍩 Krispy Kreme is launching new, limited-edition doughnuts inspired by classic carnival fare such as caramel apple, cotton candy and caramel popcorn.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

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