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Tesco is plotting a major increase in plant-based meat products in its stores over the coming years in order to capitalise on the growing trend towards vegan, vegetarian and flexitarian diets, as it today became the first UK retailer to set a sales target for meatalternatives.
In an investor update yesterday, the company said it would test its new McPlant burger in key markets next year, as it looks to respond to growing customer demand for meatalternatives. It forms part of a wider global partnership that will see 'Beyond Pan Pizzas' launched at US Pizza Hut restaurants nationwide.
But rather than work with scientists to restore healthy populations, in Europe, the powerful commercial fishing lobby has pushed for catch limits far beyond scientifically recommended levels - even using press passes to gain access to critical ministerial negotiations. Shift perspective on the seas.
In many major economies, plant-based options and meat-alternatives are growing in popularity, leading to rising sales of veggie food and milk in supermarkets and restaurants. Fortunately the opportunities for change are growing rapidly.
Back in Europe, Unilever has built a $94m innovation centre in the Netherlands. In total, the research finds, seven of these 15 retailers now sell, or plan to sell, plant-based meatalternatives. Housing 500 employees, it focuses on plant-based innovations for brands like Hellman's and Knorr.
While two vertical farms have achieved substantial scale in the US, vertical farm products have not yet gained significant shelf space in the UK and Europe. For example, soy, which is used in animal feed and many meat-alternative products, is responsible for widespread deforestation and has a high carbon footprint.
XPrize recently surveyed carbontech companies, primarily in North America and Europe. Analysts say the market for plant-based protein and meatalternatives could balloon to $85 billion by 2030. Another California startup, Opus 12 , is turning waste carbon into materials for plastics and transportation fuels.
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. Having celebrated its 10 year anniversary this year, the company could be classified as something of a veteran in a young industry.
In the UK, and other parts of Europe, EVs are the fastest growing segment of the car market, with numerous countries committed to phasing out fossil fuel vehicle sales altogether within the next decade. Governments have been reluctant to date to encourage people to eat less meat or introduce policies such as meat taxes.
(If you include seafood in your definition of meat — jury out over here at AgFunder! T he CEO of major meatalternative producer Monde Nissin, Henry Soesanto , also invested alongside Chinese agri-foodtech VC Bits x Bites, Tyson Ventures, and Manta Ray Ventures, a UK-based venture capital firm.
Within the food and agriculture sector, we are seeing a rising prevalence of companies developing meatalternatives (3% to 15%) and aquaculture technology (5% to 15%) over a four year span. Food & Agriculture: The Alt Protein Scene.
The British market for plant-based food is already one of the largest in Europe, with some estimates expecting meat-free sales to exceed £1.1bn in 2024, up from £582m in 2014. Eating sustainably needn't cost a fortune and lots of people making small changes to their diet can make a big difference for our planet.".
1] Dr. Carsten Gerhardt, Gerrit Suhlmann, Fabio Ziemßen, Dave Donnan, Dr. Mirko Warschun, and Dr. Hans-Jochen Kühnle, How Will Cultured Meat and MeatAlternatives Disrupt the Agricultural and Food Industry? 6] Zlati Meyer, Missouri becomes first state to regulate use of the word ‘meat’ , USA Today, 2018 ( URL ).
Traditional food production systems and local expertise should be leveraged to improve food security among the most vulnerable populations, rather than expanding harmful global value chains that enrich a few corporations based in Europe and North America.
The Net Zero Teesside project is one of Europe's leading CCS-ventures and our long-standing expertise on carbon capture is well suited for this project," said Managing Director at TCM, Ernst Axelsen. The CO2 capture test being conducted by TCM this month is described as "an important step to enabling the project to achieve these goals". "We
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