Meat alternatives, seafood and dairy are all the raging in startups, with countless companies raising significant amounts of money and launching their first products in 2022.
In the field of meat substitutes, its broadly divided into two categories.
1. Plant-based foods that mimic the texture, look and feel of real meat,
2. and “lab-grown” cultured meat made from animal cells in a test tube.
Each seeks to effectively solve a similar problem, but each has its own strengths and weaknesses compared to saving the planet by weaning people off their addiction to animal protein.
While plant-based meat alternatives are already available worldwide, lab-grown meat is still in its infancy, and Singapore is currently the only market in the world where lab-grown meat can be sold.
Read: International Protein Newsletter
Australia’s Vow announced his $49.2 million funding round to bring cultivated meat products to restaurants in Singapore by the end of the year.
Meatable, a VC-backed Dutch company that recently debuted its first line of synthetic sausage products, today announced a partnership with Singapore-based food startup Love Handle to create a world’s first ‘Hybrid Meat Innovation’.
This builds on Meatable’s recent expansion into the Singapore market, where the company is working with Esco Aster to develop farmed pork products and plans to invest approximately $60 million in the broader Singapore market over the next five years.
