This Week In Food: Why wheat prices are going up, dissolvable water cubes, the salad chain set to IPO

This Week In Food: Why wheat prices are going up, dissolvable water cubes, the salad chain set to IPO

By
Nicola Spalding
November 12, 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.


It's that time of the year folks (Q4) where FoodHack takes a shot at predicting the future of foodtech in the new year.

Will cultivated meat be on our plates? Will upcycled okara become our new obsession? Can I get my groceries in under 5 minutes?

So take a look into your crystal ball and share with us your biggest foodtech predictions for 2022.

Sam and I will pull these together in a report sending out next Monday.  

In this week's edition:

  • Why wheat prices are going up?
  • The salad chain set to IPO for $312.5 Million.
  • Swiss alt-protein startup closes seed round.
  • 23 new jobs in foodtech.

The Digest

📈 What’s Up: Wheat prices have hit their highest level since 2012, thanks to supply issues following a drought in the northwestern US. In fact, the world has consumed more wheat than has been produced in the last two years. Neat Burger celebrated World Vegan Month by launching a burger into outer space to send out the message that the rise of plant-based foods will be “meteoric”.

📉 What’s Down: A survey by ProVeg International, Innova Market Insights, University of Copenhagen and Ghent University has revealed that almost half of Europeans have reduced their meat consumption. Beyond Meat reported lower-than-expected earnings for Q3 and its shares plunged 18%. The company has faced labour shortages, supply chain disruptions and pandemic-related consumer behaviour changes.

🍔 Good Reads: Check out this interview with ex-Impossible Foods CCO Rachel Konrad, who played a key role in elevating the brand to its current status. Also interesting: Green Queen’s viewpoint on the future of cultivated meat

Funds & Funding

💰 US food delivery giant DoorDash has acquired Finnish competitor Wolt in an all-stock transaction for €7 billion. Wolt was founded in 2014, pioneered the European food delivery sector, and operates in 23 countries.

⛽️ US Based Bioenergy DevCo secured $100M to support the development of multiple anaerobic digestion facilities, which use microorganisms to convert organic waste material into fuel and fertilizer, across North America.

🇸🇪 Sweden’s Motatos raised €24M, marking the second-largest round in the country’s food tech sector this autumn. The sustainability-focused online discount food store sells ambient products which are close to their expiry date from big producers such as Unilever and Nestlé.

🍼 South Korean biotech Advanced Protein Technologies raised €15M for its Human Milk Oligosaccharides (prebiotics), designed to be included in infant feeding products. 

🇨🇭Switzerland's Luya Foods closed its first seed funding round and is “redefining the plant-based protein space” with its alternative meat products made via fermentation of upcycled okara, a by-product of tofu and soy milk production.

💸 Find all 20 funding rounds of the week including the London-based ethnic grocery app that just closed $3.4M pre-seed and an Amsterdam based startup that raised €1.1M for their take on personalised nutrition.

Sugar and Cocktails 

💧 Austrian sustainable bevtech startup Waterdrop has made its US debut. Its compact, dissolvable cubes that add flavour and vitamins to water are designed to encourage hydration while tackling the environmental footprint of the bottled water industry.

🍸 Drinkworks, otherwise known as the “Keurig for cocktails” is accelerating its expansion plans. Its at-home system allows consumers to make alcoholic cocktails from pods in seconds

🏭 Israeli startup Torr Foodtech is replacing sugar binders in snack products with mechanical pressure and ultrasonic energy which “weld” ingredients together, creating minimally-processed, better-for-you snacks.

🛒 Instacart is testing a new delivery option, which reduces or waives the delivery fee on orders placed more than 24 hours ahead of scheduled delivery. So less “instant” and more “planned”. And here's an interesting take on the impact eGroceries has on a city.

📦 Two US-based researchers are using microorganisms to break down plastics and have created a bio-based process to turn plastic waste into edible protein powder. Mindblowing!

Plant-Based News

🧀 In partnership with US ingredient giant Ingredion, Singapore startup Sophie’s BioNutrients has developed a dairy-free cheese made from microalgae, which tastes and melts like the real deal alongside being loaded with vitamin B12. 

🍔 Australian alt meat company v2food announced strategic partnerships with three major Chinese food manufacturers and a food content service platform, marking its further expansion into Asia. 

🍍 The Every Company is partnering with Pressed to include its animal-free egg protein, a tasteless, odourless, nearly colorless and highly soluble protein, in a vegan Pineapple Greens Protein Smoothie.

🧀 Upfield’s Violife has released a new dairy-free camembert-style cheese, Le Rond Camembert Flavour, which will be in Waitrose stores across the UK from next week.

🥓 British plant-based food brand Squeaky Bean is launching new ready-to-eat Cured Meat Style Slices for sharing platters into Tesco stores, bringing its line of ready-to-eat plant-based slices to eight varieties.

🇺🇸 North Carolina-based Barvecue has launched wood-smoked plant-based carnitas, marking one of the first Hispanic-inspired meat alternatives to be widely available in the US.

🐄 Canadian plant-based dairy startup Bettermoo(d), which is due to launch its Moodrink dairy-free range later this year, announced an agreement with Happy Supplements Inc. to go public on the Canadian Securities Exchange.

🍝 Follow Your Heart has released a new kid-friendly plant-based macaroni and cheese product that is made with organic whole foods ingredients, for healthy indulgence.

Big Food & IPO's

🍴 Sweetgreen set early terms for its IPO this week, and the healthy fast-casual restaurant chain is expecting to sell stock in its public market debut at $23-25 per share.

🪐 Mars has pledged to make all Mars bars sold in the UK, Ireland and Canada carbon neutral by 2023. It claims that any emissions which cannot be eliminated will be “offset by high-quality carbon removal credits”. Let’s hope they don’t make them even smaller. 

🐮 Dairy giant Arla Foods announced a five-year strategy for sustainable dairy production, raising its target to a 63% reduction in greenhouse gas emissions by 2023.

💵 McDonald’s has joined PepsiCo as a founding partner of AgMission, a global collaborative platform aiming to reduce greenhouse gas emissions in agriculture, and is committing $5M to the initiative over the next five years.

🍫 Hershey is buying Dot’s Homestyle Pretzels and Pretzels Inc. for $1.2 billion to broaden its snacking portfolio and reach a wider consumer base with salty and sweet offerings.

Trends: Low and no-carb carbs

The low-and no-carb space been warming up recently. Whether it’s plant-based fibre blends or upcycled flour, could reduced-carb products be the greatest innovation since the OG sliced bread? 

🔎 Discover in the full FoodHack+ Report:
- 2x case studies (Alchemy Foodtech, Better Brand)
- The good, the bad, and the figures behind low-carb carbs.
- List of 15+ startups in the space

👋 From The Community

👀 FoodTech Jobs: FarmTech Smallhold (US) is hiring across Software, Operations & more Impossible Foods are hiring UKand Germany sales leads, climate label platform CarbonCloud (Sweden) is hiring an Executive project manager, Sustainable eGrocer Martie (US) are hiring a Vice President of Growth. p.s. Find 40+ more FoodTech Jobs on our new job board.

🤝 The APAC F&B Innovation Summit is coming up Nov 25th with a stellar line-up of foodtech leaders + it's completely free.

🍻 Bit of fun: A Sydney man has set an ambitious target to phase out his alcohol consumption within the next 29 years as part of an impressive plan to improve his health. #cop26.


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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.


It's that time of the year folks (Q4) where FoodHack takes a shot at predicting the future of foodtech in the new year.

Will cultivated meat be on our plates? Will upcycled okara become our new obsession? Can I get my groceries in under 5 minutes?

So take a look into your crystal ball and share with us your biggest foodtech predictions for 2022.

Sam and I will pull these together in a report sending out next Monday.  

In this week's edition:

  • Why wheat prices are going up?
  • The salad chain set to IPO for $312.5 Million.
  • Swiss alt-protein startup closes seed round.
  • 23 new jobs in foodtech.

The Digest

📈 What’s Up: Wheat prices have hit their highest level since 2012, thanks to supply issues following a drought in the northwestern US. In fact, the world has consumed more wheat than has been produced in the last two years. Neat Burger celebrated World Vegan Month by launching a burger into outer space to send out the message that the rise of plant-based foods will be “meteoric”.

📉 What’s Down: A survey by ProVeg International, Innova Market Insights, University of Copenhagen and Ghent University has revealed that almost half of Europeans have reduced their meat consumption. Beyond Meat reported lower-than-expected earnings for Q3 and its shares plunged 18%. The company has faced labour shortages, supply chain disruptions and pandemic-related consumer behaviour changes.

🍔 Good Reads: Check out this interview with ex-Impossible Foods CCO Rachel Konrad, who played a key role in elevating the brand to its current status. Also interesting: Green Queen’s viewpoint on the future of cultivated meat

Funds & Funding

💰 US food delivery giant DoorDash has acquired Finnish competitor Wolt in an all-stock transaction for €7 billion. Wolt was founded in 2014, pioneered the European food delivery sector, and operates in 23 countries.

⛽️ US Based Bioenergy DevCo secured $100M to support the development of multiple anaerobic digestion facilities, which use microorganisms to convert organic waste material into fuel and fertilizer, across North America.

🇸🇪 Sweden’s Motatos raised €24M, marking the second-largest round in the country’s food tech sector this autumn. The sustainability-focused online discount food store sells ambient products which are close to their expiry date from big producers such as Unilever and Nestlé.

🍼 South Korean biotech Advanced Protein Technologies raised €15M for its Human Milk Oligosaccharides (prebiotics), designed to be included in infant feeding products. 

🇨🇭Switzerland's Luya Foods closed its first seed funding round and is “redefining the plant-based protein space” with its alternative meat products made via fermentation of upcycled okara, a by-product of tofu and soy milk production.

💸 Find all 20 funding rounds of the week including the London-based ethnic grocery app that just closed $3.4M pre-seed and an Amsterdam based startup that raised €1.1M for their take on personalised nutrition.

Sugar and Cocktails 

💧 Austrian sustainable bevtech startup Waterdrop has made its US debut. Its compact, dissolvable cubes that add flavour and vitamins to water are designed to encourage hydration while tackling the environmental footprint of the bottled water industry.

🍸 Drinkworks, otherwise known as the “Keurig for cocktails” is accelerating its expansion plans. Its at-home system allows consumers to make alcoholic cocktails from pods in seconds

🏭 Israeli startup Torr Foodtech is replacing sugar binders in snack products with mechanical pressure and ultrasonic energy which “weld” ingredients together, creating minimally-processed, better-for-you snacks.

🛒 Instacart is testing a new delivery option, which reduces or waives the delivery fee on orders placed more than 24 hours ahead of scheduled delivery. So less “instant” and more “planned”. And here's an interesting take on the impact eGroceries has on a city.

📦 Two US-based researchers are using microorganisms to break down plastics and have created a bio-based process to turn plastic waste into edible protein powder. Mindblowing!

Plant-Based News

🧀 In partnership with US ingredient giant Ingredion, Singapore startup Sophie’s BioNutrients has developed a dairy-free cheese made from microalgae, which tastes and melts like the real deal alongside being loaded with vitamin B12. 

🍔 Australian alt meat company v2food announced strategic partnerships with three major Chinese food manufacturers and a food content service platform, marking its further expansion into Asia. 

🍍 The Every Company is partnering with Pressed to include its animal-free egg protein, a tasteless, odourless, nearly colorless and highly soluble protein, in a vegan Pineapple Greens Protein Smoothie.

🧀 Upfield’s Violife has released a new dairy-free camembert-style cheese, Le Rond Camembert Flavour, which will be in Waitrose stores across the UK from next week.

🥓 British plant-based food brand Squeaky Bean is launching new ready-to-eat Cured Meat Style Slices for sharing platters into Tesco stores, bringing its line of ready-to-eat plant-based slices to eight varieties.

🇺🇸 North Carolina-based Barvecue has launched wood-smoked plant-based carnitas, marking one of the first Hispanic-inspired meat alternatives to be widely available in the US.

🐄 Canadian plant-based dairy startup Bettermoo(d), which is due to launch its Moodrink dairy-free range later this year, announced an agreement with Happy Supplements Inc. to go public on the Canadian Securities Exchange.

🍝 Follow Your Heart has released a new kid-friendly plant-based macaroni and cheese product that is made with organic whole foods ingredients, for healthy indulgence.

Big Food & IPO's

🍴 Sweetgreen set early terms for its IPO this week, and the healthy fast-casual restaurant chain is expecting to sell stock in its public market debut at $23-25 per share.

🪐 Mars has pledged to make all Mars bars sold in the UK, Ireland and Canada carbon neutral by 2023. It claims that any emissions which cannot be eliminated will be “offset by high-quality carbon removal credits”. Let’s hope they don’t make them even smaller. 

🐮 Dairy giant Arla Foods announced a five-year strategy for sustainable dairy production, raising its target to a 63% reduction in greenhouse gas emissions by 2023.

💵 McDonald’s has joined PepsiCo as a founding partner of AgMission, a global collaborative platform aiming to reduce greenhouse gas emissions in agriculture, and is committing $5M to the initiative over the next five years.

🍫 Hershey is buying Dot’s Homestyle Pretzels and Pretzels Inc. for $1.2 billion to broaden its snacking portfolio and reach a wider consumer base with salty and sweet offerings.

Trends: Low and no-carb carbs

The low-and no-carb space been warming up recently. Whether it’s plant-based fibre blends or upcycled flour, could reduced-carb products be the greatest innovation since the OG sliced bread? 

🔎 Discover in the full FoodHack+ Report:
- 2x case studies (Alchemy Foodtech, Better Brand)
- The good, the bad, and the figures behind low-carb carbs.
- List of 15+ startups in the space

👋 From The Community

👀 FoodTech Jobs: FarmTech Smallhold (US) is hiring across Software, Operations & more Impossible Foods are hiring UKand Germany sales leads, climate label platform CarbonCloud (Sweden) is hiring an Executive project manager, Sustainable eGrocer Martie (US) are hiring a Vice President of Growth. p.s. Find 40+ more FoodTech Jobs on our new job board.

🤝 The APAC F&B Innovation Summit is coming up Nov 25th with a stellar line-up of foodtech leaders + it's completely free.

🍻 Bit of fun: A Sydney man has set an ambitious target to phase out his alcohol consumption within the next 29 years as part of an impressive plan to improve his health. #cop26.


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.


It's that time of the year folks (Q4) where FoodHack takes a shot at predicting the future of foodtech in the new year.

Will cultivated meat be on our plates? Will upcycled okara become our new obsession? Can I get my groceries in under 5 minutes?

So take a look into your crystal ball and share with us your biggest foodtech predictions for 2022.

Sam and I will pull these together in a report sending out next Monday.  

In this week's edition:

  • Why wheat prices are going up?
  • The salad chain set to IPO for $312.5 Million.
  • Swiss alt-protein startup closes seed round.
  • 23 new jobs in foodtech.

The Digest

📈 What’s Up: Wheat prices have hit their highest level since 2012, thanks to supply issues following a drought in the northwestern US. In fact, the world has consumed more wheat than has been produced in the last two years. Neat Burger celebrated World Vegan Month by launching a burger into outer space to send out the message that the rise of plant-based foods will be “meteoric”.

📉 What’s Down: A survey by ProVeg International, Innova Market Insights, University of Copenhagen and Ghent University has revealed that almost half of Europeans have reduced their meat consumption. Beyond Meat reported lower-than-expected earnings for Q3 and its shares plunged 18%. The company has faced labour shortages, supply chain disruptions and pandemic-related consumer behaviour changes.

🍔 Good Reads: Check out this interview with ex-Impossible Foods CCO Rachel Konrad, who played a key role in elevating the brand to its current status. Also interesting: Green Queen’s viewpoint on the future of cultivated meat

Funds & Funding

💰 US food delivery giant DoorDash has acquired Finnish competitor Wolt in an all-stock transaction for €7 billion. Wolt was founded in 2014, pioneered the European food delivery sector, and operates in 23 countries.

⛽️ US Based Bioenergy DevCo secured $100M to support the development of multiple anaerobic digestion facilities, which use microorganisms to convert organic waste material into fuel and fertilizer, across North America.

🇸🇪 Sweden’s Motatos raised €24M, marking the second-largest round in the country’s food tech sector this autumn. The sustainability-focused online discount food store sells ambient products which are close to their expiry date from big producers such as Unilever and Nestlé.

🍼 South Korean biotech Advanced Protein Technologies raised €15M for its Human Milk Oligosaccharides (prebiotics), designed to be included in infant feeding products. 

🇨🇭Switzerland's Luya Foods closed its first seed funding round and is “redefining the plant-based protein space” with its alternative meat products made via fermentation of upcycled okara, a by-product of tofu and soy milk production.

💸 Find all 20 funding rounds of the week including the London-based ethnic grocery app that just closed $3.4M pre-seed and an Amsterdam based startup that raised €1.1M for their take on personalised nutrition.

Sugar and Cocktails 

💧 Austrian sustainable bevtech startup Waterdrop has made its US debut. Its compact, dissolvable cubes that add flavour and vitamins to water are designed to encourage hydration while tackling the environmental footprint of the bottled water industry.

🍸 Drinkworks, otherwise known as the “Keurig for cocktails” is accelerating its expansion plans. Its at-home system allows consumers to make alcoholic cocktails from pods in seconds

🏭 Israeli startup Torr Foodtech is replacing sugar binders in snack products with mechanical pressure and ultrasonic energy which “weld” ingredients together, creating minimally-processed, better-for-you snacks.

🛒 Instacart is testing a new delivery option, which reduces or waives the delivery fee on orders placed more than 24 hours ahead of scheduled delivery. So less “instant” and more “planned”. And here's an interesting take on the impact eGroceries has on a city.

📦 Two US-based researchers are using microorganisms to break down plastics and have created a bio-based process to turn plastic waste into edible protein powder. Mindblowing!

Plant-Based News

🧀 In partnership with US ingredient giant Ingredion, Singapore startup Sophie’s BioNutrients has developed a dairy-free cheese made from microalgae, which tastes and melts like the real deal alongside being loaded with vitamin B12. 

🍔 Australian alt meat company v2food announced strategic partnerships with three major Chinese food manufacturers and a food content service platform, marking its further expansion into Asia. 

🍍 The Every Company is partnering with Pressed to include its animal-free egg protein, a tasteless, odourless, nearly colorless and highly soluble protein, in a vegan Pineapple Greens Protein Smoothie.

🧀 Upfield’s Violife has released a new dairy-free camembert-style cheese, Le Rond Camembert Flavour, which will be in Waitrose stores across the UK from next week.

🥓 British plant-based food brand Squeaky Bean is launching new ready-to-eat Cured Meat Style Slices for sharing platters into Tesco stores, bringing its line of ready-to-eat plant-based slices to eight varieties.

🇺🇸 North Carolina-based Barvecue has launched wood-smoked plant-based carnitas, marking one of the first Hispanic-inspired meat alternatives to be widely available in the US.

🐄 Canadian plant-based dairy startup Bettermoo(d), which is due to launch its Moodrink dairy-free range later this year, announced an agreement with Happy Supplements Inc. to go public on the Canadian Securities Exchange.

🍝 Follow Your Heart has released a new kid-friendly plant-based macaroni and cheese product that is made with organic whole foods ingredients, for healthy indulgence.

Big Food & IPO's

🍴 Sweetgreen set early terms for its IPO this week, and the healthy fast-casual restaurant chain is expecting to sell stock in its public market debut at $23-25 per share.

🪐 Mars has pledged to make all Mars bars sold in the UK, Ireland and Canada carbon neutral by 2023. It claims that any emissions which cannot be eliminated will be “offset by high-quality carbon removal credits”. Let’s hope they don’t make them even smaller. 

🐮 Dairy giant Arla Foods announced a five-year strategy for sustainable dairy production, raising its target to a 63% reduction in greenhouse gas emissions by 2023.

💵 McDonald’s has joined PepsiCo as a founding partner of AgMission, a global collaborative platform aiming to reduce greenhouse gas emissions in agriculture, and is committing $5M to the initiative over the next five years.

🍫 Hershey is buying Dot’s Homestyle Pretzels and Pretzels Inc. for $1.2 billion to broaden its snacking portfolio and reach a wider consumer base with salty and sweet offerings.

Trends: Low and no-carb carbs

The low-and no-carb space been warming up recently. Whether it’s plant-based fibre blends or upcycled flour, could reduced-carb products be the greatest innovation since the OG sliced bread? 

🔎 Discover in the full FoodHack+ Report:
- 2x case studies (Alchemy Foodtech, Better Brand)
- The good, the bad, and the figures behind low-carb carbs.
- List of 15+ startups in the space

👋 From The Community

👀 FoodTech Jobs: FarmTech Smallhold (US) is hiring across Software, Operations & more Impossible Foods are hiring UKand Germany sales leads, climate label platform CarbonCloud (Sweden) is hiring an Executive project manager, Sustainable eGrocer Martie (US) are hiring a Vice President of Growth. p.s. Find 40+ more FoodTech Jobs on our new job board.

🤝 The APAC F&B Innovation Summit is coming up Nov 25th with a stellar line-up of foodtech leaders + it's completely free.

🍻 Bit of fun: A Sydney man has set an ambitious target to phase out his alcohol consumption within the next 29 years as part of an impressive plan to improve his health. #cop26.


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.


It's that time of the year folks (Q4) where FoodHack takes a shot at predicting the future of foodtech in the new year.

Will cultivated meat be on our plates? Will upcycled okara become our new obsession? Can I get my groceries in under 5 minutes?

So take a look into your crystal ball and share with us your biggest foodtech predictions for 2022.

Sam and I will pull these together in a report sending out next Monday.  

In this week's edition:

  • Why wheat prices are going up?
  • The salad chain set to IPO for $312.5 Million.
  • Swiss alt-protein startup closes seed round.
  • 23 new jobs in foodtech.

The Digest

📈 What’s Up: Wheat prices have hit their highest level since 2012, thanks to supply issues following a drought in the northwestern US. In fact, the world has consumed more wheat than has been produced in the last two years. Neat Burger celebrated World Vegan Month by launching a burger into outer space to send out the message that the rise of plant-based foods will be “meteoric”.

📉 What’s Down: A survey by ProVeg International, Innova Market Insights, University of Copenhagen and Ghent University has revealed that almost half of Europeans have reduced their meat consumption. Beyond Meat reported lower-than-expected earnings for Q3 and its shares plunged 18%. The company has faced labour shortages, supply chain disruptions and pandemic-related consumer behaviour changes.

🍔 Good Reads: Check out this interview with ex-Impossible Foods CCO Rachel Konrad, who played a key role in elevating the brand to its current status. Also interesting: Green Queen’s viewpoint on the future of cultivated meat

Funds & Funding

💰 US food delivery giant DoorDash has acquired Finnish competitor Wolt in an all-stock transaction for €7 billion. Wolt was founded in 2014, pioneered the European food delivery sector, and operates in 23 countries.

⛽️ US Based Bioenergy DevCo secured $100M to support the development of multiple anaerobic digestion facilities, which use microorganisms to convert organic waste material into fuel and fertilizer, across North America.

🇸🇪 Sweden’s Motatos raised €24M, marking the second-largest round in the country’s food tech sector this autumn. The sustainability-focused online discount food store sells ambient products which are close to their expiry date from big producers such as Unilever and Nestlé.

🍼 South Korean biotech Advanced Protein Technologies raised €15M for its Human Milk Oligosaccharides (prebiotics), designed to be included in infant feeding products. 

🇨🇭Switzerland's Luya Foods closed its first seed funding round and is “redefining the plant-based protein space” with its alternative meat products made via fermentation of upcycled okara, a by-product of tofu and soy milk production.

💸 Find all 20 funding rounds of the week including the London-based ethnic grocery app that just closed $3.4M pre-seed and an Amsterdam based startup that raised €1.1M for their take on personalised nutrition.

Sugar and Cocktails 

💧 Austrian sustainable bevtech startup Waterdrop has made its US debut. Its compact, dissolvable cubes that add flavour and vitamins to water are designed to encourage hydration while tackling the environmental footprint of the bottled water industry.

🍸 Drinkworks, otherwise known as the “Keurig for cocktails” is accelerating its expansion plans. Its at-home system allows consumers to make alcoholic cocktails from pods in seconds

🏭 Israeli startup Torr Foodtech is replacing sugar binders in snack products with mechanical pressure and ultrasonic energy which “weld” ingredients together, creating minimally-processed, better-for-you snacks.

🛒 Instacart is testing a new delivery option, which reduces or waives the delivery fee on orders placed more than 24 hours ahead of scheduled delivery. So less “instant” and more “planned”. And here's an interesting take on the impact eGroceries has on a city.

📦 Two US-based researchers are using microorganisms to break down plastics and have created a bio-based process to turn plastic waste into edible protein powder. Mindblowing!

Plant-Based News

🧀 In partnership with US ingredient giant Ingredion, Singapore startup Sophie’s BioNutrients has developed a dairy-free cheese made from microalgae, which tastes and melts like the real deal alongside being loaded with vitamin B12. 

🍔 Australian alt meat company v2food announced strategic partnerships with three major Chinese food manufacturers and a food content service platform, marking its further expansion into Asia. 

🍍 The Every Company is partnering with Pressed to include its animal-free egg protein, a tasteless, odourless, nearly colorless and highly soluble protein, in a vegan Pineapple Greens Protein Smoothie.

🧀 Upfield’s Violife has released a new dairy-free camembert-style cheese, Le Rond Camembert Flavour, which will be in Waitrose stores across the UK from next week.

🥓 British plant-based food brand Squeaky Bean is launching new ready-to-eat Cured Meat Style Slices for sharing platters into Tesco stores, bringing its line of ready-to-eat plant-based slices to eight varieties.

🇺🇸 North Carolina-based Barvecue has launched wood-smoked plant-based carnitas, marking one of the first Hispanic-inspired meat alternatives to be widely available in the US.

🐄 Canadian plant-based dairy startup Bettermoo(d), which is due to launch its Moodrink dairy-free range later this year, announced an agreement with Happy Supplements Inc. to go public on the Canadian Securities Exchange.

🍝 Follow Your Heart has released a new kid-friendly plant-based macaroni and cheese product that is made with organic whole foods ingredients, for healthy indulgence.

Big Food & IPO's

🍴 Sweetgreen set early terms for its IPO this week, and the healthy fast-casual restaurant chain is expecting to sell stock in its public market debut at $23-25 per share.

🪐 Mars has pledged to make all Mars bars sold in the UK, Ireland and Canada carbon neutral by 2023. It claims that any emissions which cannot be eliminated will be “offset by high-quality carbon removal credits”. Let’s hope they don’t make them even smaller. 

🐮 Dairy giant Arla Foods announced a five-year strategy for sustainable dairy production, raising its target to a 63% reduction in greenhouse gas emissions by 2023.

💵 McDonald’s has joined PepsiCo as a founding partner of AgMission, a global collaborative platform aiming to reduce greenhouse gas emissions in agriculture, and is committing $5M to the initiative over the next five years.

🍫 Hershey is buying Dot’s Homestyle Pretzels and Pretzels Inc. for $1.2 billion to broaden its snacking portfolio and reach a wider consumer base with salty and sweet offerings.

Trends: Low and no-carb carbs

The low-and no-carb space been warming up recently. Whether it’s plant-based fibre blends or upcycled flour, could reduced-carb products be the greatest innovation since the OG sliced bread? 

🔎 Discover in the full FoodHack+ Report:
- 2x case studies (Alchemy Foodtech, Better Brand)
- The good, the bad, and the figures behind low-carb carbs.
- List of 15+ startups in the space

👋 From The Community

👀 FoodTech Jobs: FarmTech Smallhold (US) is hiring across Software, Operations & more Impossible Foods are hiring UKand Germany sales leads, climate label platform CarbonCloud (Sweden) is hiring an Executive project manager, Sustainable eGrocer Martie (US) are hiring a Vice President of Growth. p.s. Find 40+ more FoodTech Jobs on our new job board.

🤝 The APAC F&B Innovation Summit is coming up Nov 25th with a stellar line-up of foodtech leaders + it's completely free.

🍻 Bit of fun: A Sydney man has set an ambitious target to phase out his alcohol consumption within the next 29 years as part of an impressive plan to improve his health. #cop26.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

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