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Search resuls for: "Good Food Institute"


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Trading on the world's largest exchange would give JBS, which applied in July, access to more capital and enhance its credibility. Political Cartoons View All 253 ImagesThe dispute highlights the connection between finance and various drivers of climate change, such as deforestation. Two-thirds of Amazon deforestation results from conversion to pasture for livestock, according to the Brazilian government. In 2020, it created the JBS Fund For the Amazon. In the three years since inception, the JBS Fund for The Amazon has provided $15 million to 20 projects, according to its website.
Persons: , JBS, Elon Musk, Carlos Nobre, Liège Correia, Andrea Azevedo, , ” Azevedo, Azevedo, Glenn Hurowitz, it's Organizations: Securities and Exchange Commission, New York Stock Exchange, U.S, Democrats, Republicans, SEC, NYSE, Associated Press, Brazil’s Agencia Publica, JBS S.A, JBS Fund, The, Forest Peoples Connection, Elon, SpaceX, Good Food Institute, United Nations, JBS, AP Locations: BRASILIA, Brazil, United States, United Kingdom, Rondonia, pirarucu, U.S, Dubai, AP.org
Not every corner of the plant-based food industry has been burned. After the boom-and-bust cycle of Beyond Meat stock, analysts have wondered what comes next for the plant-based food space. The alternative protein market Beyond Meat's struggles have left some skeptical about which companies have what it takes to meet the needs of consumers who want to avoid animal-based products for health or environmental reasons. After topping $230 per share at its highest point, Beyond Meat stock now trades below $7. There's a business argument beyond the alternative protein market that can bode well when forecasting demand, Morningstar's Goldstein said.
Persons: Kristen Owen, Oppenheimer, Morgan Stanley, Michael Canfield, FactSet, Canfield, Corteva, Morningstar, Seth Goldstein, Goldstein, Vincent Andrews, Owen, Zepbound, milks, bode, Morningstar's Goldstein, Archer, Michael Bloom Organizations: Good Food Institute, Daniels, Midland Locations: Green Plains, U.S, Green, There's
Global food-tech innovators like Corning Life Sciences and ScaleUp Bio are among those setting up shop. Inside a lab on the west coast of Singapore, the future of food production is being developed — or fermented, to be more precise. The company is ScaleUp Bio, a local contract development and manufacturing organization that provides submerged microbial and precision fermentation for food-tech startups. In the long term, this will reduce costs compared to traditional agricultural methods and help make food production more sustainable. Despite the sector's immediate funding challenges, Singapore is committed to being a consistent partner and helping companies with similar goals achieve success.
Persons: ScaleUp, Francisco Codoner, John Shyu, Shyu, ScaleUp's Codoner Organizations: Global, Life Sciences, ADM, Nurasa, Temasek, Deloitte, Good Food Institute, Singapore Government, Corning Life Sciences, Singapore's Agency for Science, Technology, Research, GFI, Food, Insider Studios, Singapore Economic Development Board Locations: Singapore, Southeast Asia, agrifood, Asia
Packages of "Impossible Burger" and Beyond Meat sit on a shelf for sale on November 15, 2019 in New York City. Vegetarian alternatives to burgers and sausages are enjoying a certain enthusiasm that meat giants also want to enjoy. Reducing meat and dairy consumption could be the key to Southeast Asia's climate crisis, experts say. By 2060, alternative proteins around Southeast Asia and other Asia-Pacific nations will need to account for more than half of protein production, the report added. That adds to the overall environmental footprint of animal production.
Organizations: Asia Research, Lancet, Food Institute Asia Pacific, CNBC Locations: New York City, Singapore, Southeast Asia, Asia, Pacific, Malaysia, Vietnam, Brazil, Argentina, Paraguay
"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.
Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil
[1/2] A view shows a cooked piece of cultivated chicken breast created at the Upside Foods plant, where lab-grown meat is cultivated, in Emeryville, California, U.S. January 11, 2023. Difficulty competing with conventional meat on price has plagued the plant-based meat sector, which has failed to meet market share expectations. To be price competitive, cultivated meat must reach a production cost of $2.92 per pound, Goncalves said. Last year, governments spent about $635 million on alternative proteins, about $167 million of which was for cultivated meat, according to the group. China Chilcano's chefs said the product behaved very similarly to conventional chicken and offered some improvements, like rapid absorption of marinades.
Persons: Peter DaSilva, Matthew Walker, Leticia Goncalves, Goncalves, Andrew Noyes, Jose Andres's, Gustavo Burger, Believer, Steve Cahillane, Alan Grublauskas, Noyes, chefs, Leah Douglas, Tom Polansek, Josie Kao Organizations: REUTERS, WASHINGTON, U.S . Department of Agriculture, Food and Drug Administration, S2G Ventures, Daniels, Midland, Washington , D.C, Food Institute, Kellogg, Reuters, Food Forum, Thomson Locations: Emeryville , California, U.S, Jose Andres's China, Washington ,, Chicago, China, San Francisco, Washington
Lab-grown meat, also known as cultured or cultivated meat, costs about $17 a pound, making it unaffordable for most consumers. Lab-grown meat has more in common with meat produced at a slaughterhouse than you might think. Some critics of the meatpacking industry have gotten excited about the idea of lab-grown meat as an alternative to Big Chicken. Tyson Foods, the largest meatpacking company in the US, was an early investor in the plant-based meat company Beyond Meat and has put money in Upside Foods. Before celebrating cultured meat as a victory for anyone, surely more studies are needed to explore this point further.
Persons: Alice Driver, James Beard, Alice Driver Alice Driver, restauranteur, ” Andrés, Dominique Crenn, Andres ’, Cargill, Tyson, “ We’ve, David Humbird, Humbird, Davis Organizations: American Worker, CNN, CNN —, Tyson Foods, Foods, JBS, McKinsey & Company, Twitter, University of California, Biotechnology, Food Institute, Big Tech Locations: Little Rock , Arkansas, United States, China, Washington ,, San Francisco, Berkeley
New York CNN —Soon, Americans are going to able to try chicken that comes directly from chicken cells rather than, well, a chicken. On Wednesday, the USDA gave Upside Foods and Good Meat the green light to start producing and selling their lab-grown, or cultivated, chicken products in the United States. In a nutshell, lab-grown meat — or cultivated or cell-based meat — is meat that is developed from animal cells and grown, with the help of nutrients like amino acids, in massive bioreactors. Meat eaters who are concerned about those types of risks might prefer cultivated meat. Eat Just Inc's Good Meat cultivated chicken.
Persons: New York CNN —, It’s, don’t, Andrew Noyes, Noyes, , Bruce Friedrich, Friedrich, Julia Horowitz, ” Noyes, José Andrés, Ivy Farm, That’s, Noyes didn’t, Matthew Walker, Walker, won’t, , — CNN’s Kristen Rogers Organizations: New, New York CNN, USDA, Inc, Good Food Institute, Impossible Foods, CNN, Ivy Farm Technologies, Service, FDA, British, Ivy, Companies, Foods Locations: New York, United States, Agriculture, British, Italian, Singapore, Washington, San Francisco
U.S. Approves the Sale of Lab-Grown Chicken
  + stars: | 2023-06-21 | by ( Linda Qiu | ) www.nytimes.com   time to read: +1 min
“It’s a giant step forward towards a more sustainable future — one that preserves choice and life.”The decision will make the United States the second country in the world, after Singapore, to authorize the production and sale of lab-grown meat. About 100 companies worldwide, including dozens in the United States, focus on the production of cultivated meat, according to Mr. Friedrich. Lab-grown meat begins with cells taken from an animal. When harvested, the product is essentially minced meat, which is then formed into patties, sausage or fillets. The meat contains no bones, feathers, beaks or hooves and does not need to be slaughtered.
Persons: Dr, Uma Valeti, , , Bruce Friedrich, Friedrich Organizations: Good Food Institute, View Research, McKinsey & Company Locations: United States, Singapore
Additionally, Cargill began marketing several plant-based protein ingredients, made from soy, pea and wheat, to food and beverage manufacturers worldwide. What to expect for plant-based meat in next decade Cargill's calculated approach to plant-based meats coincides with the nascent industry's trajectory. And then there's the consumer's appetite to pay a premium price for plant-based meat. So Cargill's biggest competition will be the established plant-based meat companies, like Beyond and Impossible, he said. The future of plant-based meat might be analogous to the ongoing transition to electric vehicles.
Persons: Florian Schattenmann, Cargill Cargill, Cargill, Schattenmann, it's, John Baumgartner, Baumgartner, Caroline Bushnell, Bushnell, that's, Seth Goldstein, Goldstein, Tyson's Organizations: Cargill, Foods, Tyson Foods, Hormel Foods, Smithfield Foods, Cargill Inc, The, Bloomberg, Getty, Foods Cargill, Mizuho Securities USA, Good Food Institute, Cubiq Foods, FDA, North, Food and Drug Administration, Morningstar Research Services, Nielsen, annualized Nielsen, Nestle, Tesla, tiptoed, Ford, GM, Hyundai, Volkswagen Locations: U.S, Minneapolis, Montreal, Quebec, Canada, Spanish, Berkeley , California, Puris, North American, Netherlands, Bflike, Belgian, North America
A “Star Trek“-like, food-on-demand 3D printer has just served up a real, cultivated fish fillet for the first time. Steakholder Foods, a startup based in Israel, produced the 3D-printed cut of grouper – “a significant milestone in the food industry,” says Arik Kaufman, CEO of Steakholder Foods. Chicken nuggets from Steakholder Foods, pictured, are considered a hybrid product, containing both plant-based and cultured ingredients. At the time of writing, Singapore is the only country in the world where cultivated meat products are commercially available. “One way is to create hybrid products, so something that (combines) cultivated meat with plant-based meat or conventional meat,” Block tells CNN.
Persons: , Arik Kaufman, Mihir Pershad, ” Kaufman, we’ve, Orit Goldman, Liz Specht, Davis, Ronen Mangan, David Block, GFI’s Specht Organizations: CNN, Steakholder Foods, Good Food Institute, UN, of California, NASA, Foods, Food and Drug Administration, FDA, UC Davis, Consortium Locations: Israel, Singapore, bioreactors, California
Upside Foods' pivotal moment also comes at a key moment in the alternative meat industry. The cultivated-meat industry could have a wider consumer base than previously introduced alternative meat products, because unlike plant-based meats, it's "real" meat — minus the slaughtered animals. And, accordingly, some traditional meat companies have expressed interest in the burgeoning cultivated-meat industry, which one day could become a competitor. The cultivated-meat industry will need a similar boost if it's ever going to become a grocery store staple, Swartz said. The FDA's clearance was a voluntary premarket consultation, which means the agency has no further questions about the safety of Upside's products.
War on cow farts is stinky but necessary job
  + stars: | 2023-03-24 | by ( Karen Kwok | ) www.reuters.com   time to read: +4 min
Yet, governments from New Zealand to Europe are zeroing in on livestock, whose burps and farts help generate 15% of global greenhouse gas emissions each year, United Nations estimates show. An industry backlash against plans to tackle the issue will teach punters to treat burgers as polluting fuel. Cattle is a major contributor to methane emissions from agriculture, which hit 142 metric tons in 2022, triple the amount of those from the oil sector, according to the International Energy Agency. But like fossil fuels ten years ago, this will be the start of a long but necessary battle. French dairy company Danone on Jan. 17 pledged to reduce methane emissions from its fresh milk supply chain by 30% by 2030 from its 2020 level.
Yet, governments from New Zealand to Europe are zeroing in on livestock, whose burps and farts help generate 15% of global greenhouse gas emissions each year, United Nations estimates show. Cattle is a major contributor to methane emissions from agriculture, which hit 142 metric tons in 2022, triple the amount of those from the oil sector, according to the International Energy Agency. But like fossil fuels ten years ago, this will be the start of a long but necessary battle. CONTEXT NEWSEuropean Union countries agreed on March 16 to try to reduce the number of farms covered by proposed rules to cut pollution and greenhouse gas emissions from livestock. French dairy company Danone on Jan. 17 pledged to reduce methane emissions from its fresh milk supply chain by 30% by 2030 from its 2020 level.
Two years after Singapore greenlighted lab-grown meat for human consumption, mass production has yet to start. The technological, regulatory and scale barriers to entry for cultivated meat are very high compared to plant-based meat, said Didier Toubia, chief executive of Israel's Aleph Farms, which makes cultivated beef steak. "It's too high and it's embarrassing ... We lose money every time someone enjoys our cultivated chicken," Eat Just CEO Josh Tetrick said. Hong Kong-based Avant Meats is more bullish than Eat Just, with ambitions to make a premium food, cultivated fish maw. Fish maw is the swim bladder of a fish, a delicacy prized in China that could fetch up to thousands of dollars per kilogram, depending on its grade.
Almond milk and other plant-based drinks can be labeled "milk," the Food and Drug Administration said. But if they do, they should explain the nutritional differences between their plant-based milk and cow's milk, the FDA said. It also recommends that plant-based milk makers include a statement on their label clarifying the differences between their product and cow's milk. "We applaud FDA's recognition that consumers understand the difference between plant-based milk and cow's milk and that shoppers choose to purchase plant-based milk specifically because it is not cow's milk," Madeline Cohen, senior regulatory attorney at the Good Food Institute, which advocates for plant-based brands, said in a statement. The National Milk Producers Federation, which represents the US animal milk industry, said the proposed guidance would allow plant-based companies "to continue inappropriately using dairy terminology."
In 2020, retail sales of plant-based meat grew 45%, surpassing the $1 billion mark for the first time. Questionable taste and health benefits are scaring off consumersFirst, it's unclear whether the plant-based meat industry has a growing customer base. On the all-important issue of taste, many Americans say plant-based meat disappoints, and some experts think the industry's efforts to compare plant-based meat to the real thing is a losing battle. Additionally, while plant-based meat has environmental benefits, growing research suggests it may not be much — if at all — healthier than traditional meat, something consumers are beginning to suspect. It's also possible that cultivated meat — meat grown from animal cells in a lab — will prove to be the answer, though this innovation could face some obstacles as well.
But to reach its ultimate destination - supermarket shelves - cultivated meat faces big obstacles, five executives told Reuters. California-based cultivated meat company GOOD Meat already has an application pending with the FDA, which has not been previously reported. Regulatory approval is just the first hurdle for making cultivated meat accessible to a broad swath of consumers, executives at UPSIDE, Mosa Meat, Believer Meats, and GOOD Meat told Reuters. But it will take hundreds of millions of dollars for GOOD Meat, for example, to build bioreactors of the size needed to make its meat at scale, Tetrick said. But cultivated meat companies have the advantage that they can claim their product is real meat, Tetrick said.
But persistent inflation and skimpier incomes, coupled with high input costs, will make it a tough year for conscious consumers and the companies that serve them. Take plant-based meat substitutes. They produce 30%-90% fewer emissions than their animal-derived counterparts, but a pound of the stuff costs shoppers twice as much, according to the Good Food Institute, a think tank. The price of U.S. pea protein isolate – a key ingredient in many meat substitutes – rose 10% between April 2021 and November 2022, according to Mintec Benchmark Prices. That would edge meat substitutes closer to their goal of one day costing the same, or less, than their animal-based equivalents.
It has a capacity of 600 liters, or 159 gallons, allowing the company to produce 6,000 pounds of cultivated meat per year. Right now, Singapore is alone in allowing the sale of cultivated meat to consumers, having issued a green light in late 2020. Yet delivering on the promise of lab-grown meat won’t just come down to regulators. CNN“The promise of cultivated meat [is] to bring forth a taste and texture component, and to deliver sustainability,” said Gautam Godhwani, managing partner at Good Startup, a Singapore-based venture capital firm that has invested in eight cultivated meat startups. “I think the whole of the cultivated meat industry will go hybrid first,” Ivy Farm’s Dillon said.
With its plant-based prime cut steak, Juicy Marbles thinks it’s mastered the art. The company has raised $4.6 million and its filet mignon was launched online in Europe and the United States earlier this year. It plans to begin selling in shops in the European Union, United States and United Kingdom in 2023. A cross section of a cooked Juicy Marbles filet mignon. Just 7% of the world’s soy — the main ingredient of Juicy Marbles’ product — is directly consumed by humans.
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