Fake meat is in trouble. Sales of plant-based burgers are falling, investor largesse is waning and shares of the industry’s poster child, Beyond Meat Inc., have slumped.
Still, ardent believers in products that can replace animal protein and help save the planet are backing a fundamental makeover. That means better ingredients offering more appealing textures, flavors and aromas, but also ones that require less processing, energy and resources, according to Costa Yiannoulis, managing partner at Synthesis Capital, a venture capital fund.
“Genetic diversity provides a tremendous amount of solutions,” Gil Shalev, Equinom’s co-founder and chief executive officer, said in an interview. “When you start with high quality beans, immediately you are starting to eliminate all the bad processing requirements that the industry developed over many years to overcome bad quality seeds, to create high quality ingredients.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fake-meat farmers shift focus to peas as sales and shares slumpSynthesis leads a $35m financing round for Equinom, which identifies non-GMO seeds that don’t require the processing and additives that blight alternatives
Read more »
Beyond the ANC: The Shape of SA Politics to ComeThe ANC’s grip on South Africa is loosening. Many analysts believe that the 2024 general elections will see the ruling party fail to win an electoral majority for the first time in South Africa’s democratic history. What do the experts think? Find out:
Read more »
Africa: Beyond Vaccine Hesitancy - Understanding Systemic Barriers to Getting VaccinatedAnalysis - The term "vaccine hesitancy" was in wide use years before the World Health Organization (WHO) declared COVID-19 a pandemic. The term focuses on individual-level attitudes toward vaccines. Throughout the pandemic, much popular and scholarly discussion about COVID-19 transmission focused on individual-level decisions, making it easy to blame the unvaccinated.
Read more »
Business Maverick: Chinese property tycoon to sell stake as share sales ramp upThe billionaire owner of Country Garden Holdings Co is selling a stake in a unit to raise about $650-million amid a flurry of share sales by cash-strapped Chinese developers.
Read more »
$1,3 Billion Sales In One Year – Every Car Nut Is Talking About...Many businesses have struggled to swim above an impending global recession, supply chain issues, and feverish fuel price hikes. But not Bring a Trailer, which has already surpassed $1 billion in car auction sales.
Read more »
Fake visas haunt Ma-Indies Ladies FC management | City PressThe Hollywoodbets Super League season that has just been concluded could be thrown into disarray after allegations were made that Ma-Indies Ladies FC participated with ineligible players.
Read more »