2752 results found
- Project Eaden extends seed round to €10.1m
Project Eaden has announced that it has extended its seed funding round from €8 million to €10.1 million. Berlin-based Project Eaden is a food tech company that has developed a novel fibre technology, which it says enables the creation of “ultra-realistic” plant-based meat products. The first closing of the seed round was announced last year – totalling €8 million – and included Creandum as lead investor, along with Atlantic Food Labs, Shio Capital, Trellis Road and a group of “business angels”. Last month, Magnetic and Atlantic Food Labs upped the seed round by another €2.1 million, which brought it to today’s total of €10.1 million. According to Project Eaden, the majority of the capital will be used for the development of its proprietary technology. Co-founder Jan Wilmking said: “Project Eaden is a technology company, so we’ll be investing in our own research and development activities and the initial production setup. We’ve built a highly motivated team of professionals to further develop our unique, proprietary technology over the past nine months, including tissue engineers, food technologists, material scientists and culinary professionals.” David Rosskamp, founding partner at Magnetic, added: “Project Eaden is meaningful innovation at its best, representing our mission to back world-class teams with a maximum possible footprint. We are happy to continue our long collaboration with the team.” #ProjectEaden
- GNT introduces reds range enabling plant-based meat colour change
GNT has announced a “breakthrough development” allowing meat alternative makers to create clean-label red meat substitutes that change colour during cooking. The Exberry Compound Red range can be used to imitate the colour of raw meat in plant-based products, which will then appear to become rare, medium or well done when heated. Frederik Hoeck, managing director at GNT, said: “Today’s consumers want clean-label meat substitutes that look and behave just like animal products – and the Exberry Compound Red range can provide the perfect solution”. “It allows products to mimic the appearance of animal protein both before and after cooking, opening up exciting new possibilities for the next generation of plant-based meat.” Made from carrots, the range can be used in combination with different Exberry Coloring Foods to create tailormade shades for “highly realistic” red meat alternatives. The creation of Exberry Compound Autumn Red and Exberry Compound Fall Forest Red is the result of GNT’s investment in and collaboration with ETH Zurich spin-off, Micropow, which has developed a patented technology to encapsulate ingredients. The natural encapsulation solution melts when the temperature increases to release the colour concentrate. #Exberry #GNT #meatalternatives
- Buttermilk adds chocolate bunny to Easter collection
Plant-based chocolate brand Buttermilk has announced the launch of its new ‘Choccy Bunny’ ahead of the Easter holiday. Buttermilk’s dairy-free and plant-based Choccy Bunny is described as a “generously thick and creamy” ‘milk’ chocolate bunny. The Choccy Bunny joins its existing Easter collection of the Zingy Orange Crisp Bunny Bar, the Salted Caramel Crunch Egg and the Honeycomb Blast Egg. Buttermilk’s Easter treat is currently available to buy in Sainsbury’s for an RRP of £3.50 and is set to launch in Morrisons and Asda from the middle of January. #Buttermilk #plantbasedchocolate #UK
- Heinz launches range of beans and veggies nuggets
Heinz has launched a new range of crispy, bean-shaped nuggets that are packed with beans and veggies, called Magical Beanz Nuggetz. The plant-based Magical Beanz Nuggetz is available in Original Nuggetz, contains tomato and sweetcorn and Curried Nuggetz, which features parsnip, carrot, coconut and mild curry spices. The range contains no artificial flavours, colours or preservatives. Sophie Higgins, head of growth platform at Heinz New Ventures, said: “We know that parents want quick, easy meals that their kids will eat – but they also want them to be delicious and without any nasties. We’re also seeing more parents opting for meat-free options at least once a week. And of course, if we can help parents get some extra veggies into their kids’ mealtimes, we know that’s a bonus too.” Heinz Magic Beanz Nuggetz is available to buy at Asda stores, and online on Ocado, for an RRP of £2.75. #Heinz #UK
- Hippeas adds Nacho Vibes flavour to chickpea tortilla chips portfolio
Hippeas has unveiled the latest flavour to join its range of chickpea tortilla chips: Nacho Vibes. With chickpeas as the first ingredient, the plant-based snack contains 3g of protein and 3g of fibre per 1 oz serving. According to Hippeas, the new offering provides “the crunch and taste of mainstream nacho-flavoured tortilla chips,” while being vegan, gluten-free and non-GMO. The chips are also free from artificial colours and flavours. “This product more than stands up well next to its mainstream competitor from a taste and texture standpoint, but that’s where the comparisons end because Hippeas Nacho Vibes Chickpea Tortilla Chips are vegan and contain the nutritional benefits of both protein and fibre as well as no artificial colours, flavours or ingredients of any kind,” said Hippeas CMO, Julia Hecht. “Plus, these chips are made from super sustainable chickpeas, so we feel good about this product on all sides.” The new offering joins Straight Up Sea Salt, Rockin’ Ranch and Sea Salt & Lime flavours as part of the Hippeas chickpea tortilla chip portfolio. #Hippeas #US
- Vgarden releases new vegan tinned tuna
Vgarden, a food tech developer and manufacturer of plant-based alternatives, has launched its own vegan tinned tuna. The 100% plant-derived product has the same appearance, texture, and flavour as the canned kitchen staple. Ilan Adut, CEO of Vgarden, said: “Tinned tuna has a very distinct flaky, yet moist and chewy texture, with a powerful fresh-from-the-sea aroma. Our new tuna-like product is clean-label, scalable, affordable, and sustainable.” Adut continued: “But for our plant-based creation to serve as a true substitute, even beyond compellingly mimicking all of the sensory qualities, it also has to match tuna as much as possible in nutritional value.” Vgarden’s vegan tuna is available in two packaging formats, pouches for chilled storage and actual tins. The company said it has filed a patent for the formula and process. Based on pea protein, Vgarden’s tuna analogue contains a total protein content of 11.2-14%, before and after filtration. It is said to also contain a short list of natural ingredients including fibres and sunflower oil. Tom Rothman, head of global sales at Vgarden, commented: “Aquaculture and the overfishing of this high-in-demand fish has had a devastating effect on their numbers to the point that it has put several species, such as the yellowfin and the Atlantic Bluefin, on the edge of extinction. Our plant-based tuna solution can help turn the tide on this ecocatastrophe and contribute to the restoration of the ocean’s wild tuna populations.” Vgarden was founded by Kibbutz Gan Shmuel and the Eliav family and has been making headway on the plant-based curve. The company has also launched a line of meat and dairy alternatives in Israel under its MashuMashu brand. Its portfolio is currently offered in several popular restaurant and pizza chains in Israel. #Israel #vegantuna #Vgarden
- Heura moves into plant-based fish
Heura Foods is expanding its portfolio with the introduction of two plant-based seafood products. The new F’sh Fillet and F’sh Fingers are both said to be low in saturated fat and rich in protein, while providing 40mg of omega-3 per serving. The product of more than a year of research and development, the plant-based fillet features a Mediterranean-style batter and juicy texture, while the crunchy F’sh Fingers are “perfect for any sharing occasion”. Heura has conducted a comparative life cycle assessment for its plant-based fish and claims that the preliminary results show that its fillet and fingers have more than 70% less climate impact than animal fish. “Science and data have shown us the importance of keeping marine ecosystems intact, and the best way to do so is to reduce human activity to the minimum,” said Heura CEO and co-founder, Marc Coloma. “As a mission-driven food tech start-up steeped in rich Mediterranean heritage, we recognised the need to introduce fish successors, so people across Europe can continue to enjoy the foods we love, while minimising the negative impact on the planet and animals. “The launch of our 100% plant-based fish is our latest step towards Heura’s ambition of creating a net-positive food system by accelerating the transition to plant-based protein and offering sought-after foods with a significantly lower CO2 impact that enables a more just food system.” Heura says that the launch is just the start of its exploration into plant-based fish, with new SKUs expected to be added to the collection next year. #Heura #Plantbasedseafood
- Oatly strikes co-packing deal with Ya Ya Foods
Oatly has entered into a co-manufacturing partnership with Ya Ya Foods Corporation as it looks to shift towards a more asset-light model. As part of the agreement, Canadian co-packer Ya Ya Foods will assume the property lease at Oatly’s production site in Ogden, Utah, and acquire the majority of the assets used in the facility’s operation. The company will also take over the lease and responsibility for the completion of construction of the oat milk maker’s production facility in Fort Worth, Texas. Oatly expects the “hybrid partnership” – which will see it retain full ownership and operation of its oat base production lines at each site – to result in future capital expenditure savings and “have a net positive effect on its cash flow outlook”. In November, the oat milk giant revealed it would be cutting its employee headcount as part of a raft of cost reduction measures, after reporting a widening loss for the third quarter. Under the agreement covering the two US facilities, the company will produce its proprietary oat base before transferring it to Ya Ya Foods to be co-packed into Oatly products on-site. The deal will see Oatly receive approximately $72 million, plus an additional credit amount towards future use of shared assets related to the Ogden facility. The company will also receive an additional credit towards ongoing construction at the Fort Worth site. Oatly CEO, Toni Petersson, commented: “We believe an increased focus on our oat base technology, innovation, branding and commercial execution will better position Oatly to drive profitable growth, while reducing the capital intensity of our future facilities, and ultimately convert more consumers to plant-based and create more products that are healthy for people and the planet”. Yahya Abbas, CEO of Ya Ya Foods, added: “We look forward to working with Oatly and supporting their transition to a more asset-light model, allowing them to leverage our significant expertise in aseptic beverage packaging”. He continued: “We expect this transaction to enhance our growth and further strengthen our capabilities: the two properties we are acquiring will increase our geographic profile and scale, allowing us to serve the vast majority of the US and Canada”. The transaction is expected to close in the first quarter of the year. #Oatly #US #YaYaFoods
- Upfield releases dairy-free sour cream under Violife brand
Upfield has expanded its Violife line-up in the US with the launch of a dairy-free sour cream alternative. Offering a “creamy, rich and tangy taste,” the new product can be used to replace sour cream in recipes as well as to top dishes such as nachos and chilli. Like the rest of the brand’s range, Violife Just Like Sour Cream is free from soy, palm oil, artificial flavours, nuts and gluten. “It is important for Violife to continue expanding our portfolio to offer delicious dairy-free alternatives for everyone to enjoy,” said Debra Yoo, senior brand manager at Violife. “We created Just Like Sour Cream to have a creamy, cooling and tangy flavour so fans won’t miss out on what they know and love.” The new offering is available in 883 Walmart locations nationwide, joining products such as Violife’s recently introduced plant-based dips as part of the brand’s US portfolio. #Dairyalternatives #Upfield #US #Violife
- Mars introduces Maltesers Vegan instant hot drink
Mars Chocolate, Drinks and Treats has announced the launch of its Maltesers Vegan instant hot chocolate. The “super chocolatey” drink is prepared simply by adding hot water. Offering a “hint of malt,” the new product is available in the UK and is registered with The Vegan Society. Toni Vernelli, international head of communications & marketing at Veganuary, said: “As we reach our tenth Veganuary campaign in 2023, more than two and a half million people have officially signed up since our pledge began in January 2014”. “We’re thrilled that Mars is launching a vegan Maltesers hot drink this January. While most past Veganuary participants tell us that eating vegan was actually much easier than they expected, milky chocolate is one of the items they report missing most. So this news will make it even easier for people who want to help the planet to try vegan this January.” #Maltesers #Mars #MarsChocolateDrinksandTreats #UK
- Premier Foods’ Bisto launches chicken-flavoured gravy
Premier Foods-owned brand Bisto has expanded its meat-free gravy offering with the launch of a chicken flavour. Bisto’s chicken-flavoured gravy is said to be “an ideal accompaniment to a wide range of meals, perfect for those following or looking to try a vegan diet,” said the brand. Helen Touchais, brand director for flavours and seasonings at Premier Foods, said: “With consumers increasingly choosing to go meat-free, there is an opportunity to provide an alternative gravy within the category for those wanting to create a vegetarian or vegan dish with the same well known and loved taste of the original Bisto products”. She continued: “Bisto is a go-to brand for the roast dinner occasion – especially at this time of year when the demand is high – and Bisto best meat-free chicken flavour gravy is the ideal accompaniment to this and many other meal options”. The meat-free chicken-flavoured gravy will be available at Tesco stores from this month for £3.99. #Bisto #PremierFoods #UK
- Plantastic expands offering with millionaire flapjack
Premier Foods-owned plant-based snacking brand, Plantastic, has launched a new indulgent millionaire flapjack. Hong Sim, brand director for plant-based food at Premier Foods, said: “At Plantastic, our brand mission is to popularise plant-based diets by making every experience taste and feel fantastic for everyone. The indulgent Millionaire Flapjack caters for those looking for a plant-based treat that delivers on taste, convenience and quality and by doing so, attracts new consumers into the category.” The new flapjacks come in a multipack format and will be available in Tesco and Sainsbury’s stores from early January 2023. #Plantastic #PremierFoods #UK






