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Fortuna Cools develops sustainable coolers made from coconut husks

Fortuna Cools develops sustainable coolers made from coconut husks

9 Jun 2021

Filipino startup Fortuna Cools announced the closure of a seed funding round led by the investment arm of the Asian Development Bank ADB Ventures and Katapult Ocean Fund with additional participation from Pasudeco Development Corporation, the Manila An...

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Cultivated meat firm Magic Valley to be first in cultivated lamb

Cultivated meat firm Magic Valley to be first in cultivated lamb

8 Jun 2021

Australian-based startup, Magic Valley is the “world’s first cultured lamb company,” according to a press release from the company. This startup is working to cultivate lamb protein using animal cells grown in a nutrient-rich culture but without the us...

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Frozen food and e-commerce emerge as Asia’s COVID-19 retail winners

Frozen food and e-commerce emerge as Asia’s COVID-19 retail winners

7 Jun 2021

Frozen food and e-commerce channels have been two of the food industry success stories to emerge from the COVID-19 pandemic and nation-wide lockdowns that triggered significant shifts in shoppers’ behaviour in Asian markets.

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Nestlé’s Sweet Earth moves into snacking aisle with plant-based jerky

Nestlé’s Sweet Earth moves into snacking aisle with plant-based jerky

2 Jun 2021

Nestlé-owned Sweet Earth Foods has a new plant-based jerky on supermarket shelves that come in two flavors: Spicy Kung Pao Jerky and Sweet Korean BBQ. While the Kung Pao flavor is now on sale, the company announced that the Sweet Korean variety will be...

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European Parliament allows ‘buttery’ adjectives on dairy-free products

European Parliament allows ‘buttery’ adjectives on dairy-free products

28 May 2021

In a u-turn from its policy last fall, the European Parliament dropped Amendment 171 and will allow manufacturers to use descriptive terms like “buttery” and “creamy” to describe plant-based products.

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Cultured meat startup Eat Just gets $170M

Cultured meat startup Eat Just gets $170M

27 May 2021

Eat Just announced its Good Meat division, which is responsible for producing the world’s first commercially-available cultured meat product, received $170 million in funding from UBS O’Connor, Graphene Ventures and K3 Ventures. With this influx in fun...

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Plant-based chicken maker Daring raises $40M in latest funding round

Plant-based chicken maker Daring raises $40M in latest funding round

26 May 2021

Plant-based chicken making Daring announced it closed a $40 million Series B funding round led by D1 Capital Partners. Additional participation came from Canadian rapper Drake as well as existing investors Maveron and Palm Tree Crew. This funding round...

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Access in the spotlight this World Hunger Day

Access in the spotlight this World Hunger Day

21 May 2021

The Hunger Project has made huge progress in reducing global hunger, but Covid-19 has worsened poverty and limited food availability in many communities. This World Hunger Day, the focus is on access – to food, but also to essential resources like educ...

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Indian food brand gives Ayurvedic ingredients global appeal

Indian food brand gives Ayurvedic ingredients global appeal

20 May 2021

Ayurvedic food brand Sattviko says it wants to spark an Indian superfood revolution by using traditional Ayurvedic ingredients in modern, convenient formats.

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Equinom and Dipasa partner to produce a high-protein sesame seed

Equinom and Dipasa partner to produce a high-protein sesame seed

20 May 2021

Israeli plant-based nutrition company Equinom teamed up with Mexican sesame processor Dipasa to create a high-protein sesame concentrate. Equinom will use its AI technology to develop the new variety while Dipasa will process it and deliver it to the m...

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Ingredion and Amyris partner up on a fermented Reb M sweetener

Ingredion and Amyris partner up on a fermented Reb M sweetener

19 May 2021

Ingredion and Amyris struck a $100 million deal that makes Ingredion the exclusive global licensing partner for Amyris’ Rebaudioside M stevia sweetener, according to a press release. The price tag includes $75 million for the exclusive license to sell ...

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UAE looks to become global food tech hub

UAE looks to become global food tech hub

18 May 2021

The first phase of the United Arab Emirates’ new Food Tech Valley was launched on May 1, Gulf Business reported. This economic zone is focused on four main innovation clusters in the food tech space: agricultural technology, including bioengineering an...

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