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Food Evolution
10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
03/30/2023
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By Arsenio Toledo
Global fake food market projected to be worth up to $3 trillion in the near future
Despite the recent drop in sales of fake meat, the entire fake food industry is still expected to grow, with some experts suggesting the entire market could be worth up to $3 trillion. This is according to management consulting firm McKinsey & Company, which claimed that as much as 60 percent of all materials inputted into the […]
10/05/2022
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By Ethan Huff
Another “plant-based” fake meat company, Planterra, bites the dust
Planterra, the United States-based “plant-based” meat arm of meat giant JBS, has announced a total shutdown later this year amid plummeting demand for fake meat. The company issued a notice late last week to the Colorado Department of Labor and Employment that the brand’s corporate headquarters and manufacturing facility will be shut down completely by […]
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