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With big-name CVC investors like ADM Ventures and Danone Manifesto Ventures, Sustainable Bioproducts is preparing to unveil new plant-based product offerings targeting what it describes as the white space in the plant-based segment. For now, the products that the Chicago-based biotech startup plans to launch are a complete secret.
Unilever recently set out its plan to significantly expand its plant-based range, with a view to securing €1bn in annual sales from alternativemeat and dairy products within the next seven years. Three years ago, people who ate plant-based meat were the exception.
Applying the latest technologies from biotech, tissue engineering, artificial intelligence, and food science, entrepreneurs are trying to create new animal-free products that are cheaper, healthier, tastier, and more sustainable. trillion dollar animal protein market [1]. We believe it traces back to four key trends. . References.
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