Alternative Protein

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The new system is designed to eliminate barriers faced by current cultivated meat approaches that rely on enormous bioreactors infeasible for scalable animal cell cultivation.

The capital deployment in Israel and Singapore is designed to support scale-up in key markets.

The product is the latest addition to the company’s award-winning Benecel MX portfolio for plant-based protein food formulations.

The company upcycles food waste to grow mycelium protein.

It is estimated to grow at a CAGR of 12.7% from 2022 to 2028.

The fully integrated, resource-efficient manufacturing operation is expected to cultivate Meati at an annual rate of tens of millions of pounds by late 2023.

Several of the new systems are powered by EverPro, a barley protein that dissolves almost instantly into beverages.

The company says the buildout is the final step to commercialization for its plant-based seafood.

The company’s new protein bars contain 15 g of protein and are made with real nut butter, honey and dates.

CPG industry executive Sherene Jagla brings more than two decades of sales, marketing and general management leadership to Impossible Foods.