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Cutting out the middlecow: Israeli start-up Imagindairy on why lab-made milk will prove tastier and healthier than the real thing By Oliver Morrison The trend of consumers – rightly or wrongly – seeking to cut down their dairy consumption for environmental and ethical reasons is a growing one, and food and beverage manufacturers smell an opportunity.
Recent moves such as Oatly’s plans for a $10bn IPO and Sproud’s £4.8m fund raise highlight the disruptive potential of the as yet small but fashionable alt dairy and plant milk sector.
But these products, on top of some dubious health and environmental claims, have a simple problem, says the founder and CEO of Imagindairy, Dr Eyal Afergan.
Indoor farmer unveils latest high-yield concept Infarm has launched new Growing Centres which it says will help tackle the high costs often associated with the sector.
Unlike its rivals in the vertical farming sector, Infarm installs modular mini-farms which are located within supermarkets and restaurants in Germany, Denmark, France, Luxembourg, the Netherlands, the United Kingdom and Switzerland.
These are currently available in 10 countries and 30 cities in thousands of stores covering 50,000 m
2 and providing fresh produce to 50% of the world’s largest food retailers including Marks & Spencer, Kroger, Aldi, Amazon, E.Leclerc, Intermarché and Irma.
The Berlin-based company has now unveiled new high-capacity, cloud-connected Growing Centers, which it calls a major step in its efforts to accelerate the benefits to people and planet by building a scalable, sustainable and resilient global farming network.
Wild Tonic Jun Kombucha (fermented from honey and green tea instead of traditional cane sugar and black tea) is banking on several growth trends in the kombucha category this year including its refreshed slim cans and expanding line of hard kombucha.
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New US Hemp Authority standard spells out ‘broad’ and ‘full spectrum’ specs By Hank Schultz The US Hemp Authority has released the latest version of its certification standard whose aim is to promote best practices and heighten transparency among hemp companies.
Marielle Weintraub, PhD, president of US Hemp Authority, said the overarching goal of the program is to help consumers make sense of a market place jumbled with products of varying quality. Last year the US Food and Drug Administration tested a suite of CBD products bought on the open market and found
Bringing clarity to the marketplace
“We want consumers to very easily be able to look at products and see who’s following best practices,” she said.
Forward Greens CEO: We are getting ready to massively expand in the next few months Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry.
Fortune Business Insights estimates that the global vertical farming market will be worth $12bn by 2028, growing at a compound annual growth rate of 24.8%. In the past few years, indoor farming companies growing leafy greens such as Plenty, Gotham Greens, Kalera, and Bowery Farms have attracted hundreds of millions of dollars in funding.