Alternative Protein

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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.

The vegan canned tuna is reportedly 100% plant-derived and has the same appearance, texture and flavor of fish-based canned tuna.

Once operational, the 200,000-sq-ft facility will reportedly be the largest cultivated meat production center in the world.

The company is currently in trial for in large-scale bakery manufacturing.