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Tesco targets major plant-based meat sales growth in UK first

Business Green

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 meat alternatives.

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McPlant: McDonalds touts plans for plant-based burger

Business Green

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 meat alternatives. It forms part of a wider global partnership that will see 'Beyond Pan Pizzas' launched at US Pizza Hut restaurants nationwide.

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Resource efficiency and vertical farming: Solutions for a sustainable future?

Business Green

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.

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'Urgent priority': Can 2021 usher in a sustainable food system transformation?

Business Green

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.

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A View of Climate Tech Trends through Elemental’s Portfolio Applicants

Elemental Excelerator

Within the food and agriculture sector, we are seeing a rising prevalence of companies developing meat alternatives (3% to 15%) and aquaculture technology (5% to 15%) over a four year span. Food & Agriculture: The Alt Protein Scene.

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Investors are betting billions on carbontech. Will it pay off?

Grist

XPrize recently surveyed carbontech companies, primarily in North America and Europe. Analysts say the market for plant-based protein and meat alternatives could balloon to $85 billion by 2030. Another California startup, Opus 12 , is turning waste carbon into materials for plastics and transportation fuels.

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A plant-based recovery? The Vegetarian Butcher's Hugo Verkuil on shifting diets during a pandemic

Business Green

Unilever recently set out its plan to significantly expand its plant-based range, with a view to securing €1bn in annual sales from alternative meat 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.