FoodTech White Paper: 2020 Tendencies in Enterprise Capital Financing | Wilson Sonsini Goodrich and Rosati
The yr 2020 has turned our assumptions about meals the other way up. When the COVID-19 pandemic disrupted conventional provide chains and induced well being crises in meat packing crops, plant-based meat went from novelty to actuality. Shortly launched to quick meals chains and grocery retailer aisles, merchandise made by Past Meat and Unattainable Meals have led the cost by presenting the general public with plant-based burgers that look, style and odor like the unique conventional meat. animal. A number of start-ups and conventional meals corporations have joined the fray, providing shoppers more healthy and extra environmentally pleasant meat substitutes at costs near parity with conventional meat merchandise.
Whereas plant-based meals grabbed the headlines in 2020, extra basic improvements have additionally entered. Cell tradition, which produces meals from animal cell cultures, goals to offer shoppers with merchandise which are molecularly equivalent to the animal merchandise which are central to many diets world wide. It took a giant step ahead in 2020 when the Singapore Meals Company turned the primary regulatory company to approve cell-based hen made by Eat Simply, a Bay Space FoodTech firm. With extra regulatory approvals anticipated within the close to time period, 2020 has positioned cell tradition for an introduction to shoppers.
Please see the total white paper beneath for extra info.