Based in Buenos Aires, Grupo Insud is a manufacturer of biosimilars and other ingredients for the pharmaceutical industry. The company has a background in using cellular cultures to obtain recombinant proteins.Grupo Insud has operations in 40 countries and employs approximately 8,000.
“This partnership allows us to speed up our scientific developments by leveraging the experience, know-how and scaling-up production expertise from one of the top-class players in the landscape,” said Henk Hoogenkamp, co-founder of Moolec. “We are convinced that the new generation of companies has a lot to learn from the scientific talent established in the traditional industry.
“We have the wonderful opportunity to team up, co-create, and disrupt together. Our partnership will also allow for very quick scaling due to the impressive infrastructure readily available to the group. The more we are, the faster we can achieve animal-based parity in terms of taste, nutrition, and cost.”
“Alternative proteins could soon match animal protein in taste, texture, and price.” – Benjamin Morach, the Boston Consulting Group
This past April, Moolec introduced two ingredients targeting the alternative dairy and egg replacement categories.
The joint venture joins a growing list of companies seeking to develop alternative proteins to replace animal-based proteins. Other companies include Motif Foodworks,Inc., Boston; Perfect Day, Inc., Berkeley, Calif.; Air Protein, Pleasanton,Calif.; and others.
A report published this past March by the Boston Consulting Group and BlueHorizon Corp., predicted that the market for alternative proteins may reach$290 billion in sales by 2035.
“Alternativeproteins could soon match animal protein in taste, texture, and price,” said Benjamin Morach, managing director and a partner with the Boston Consulting Group. “We expect parity to spur a new wave of growth, catapulting what is a fairly nascent market today into the mainstream, yielding significant environmental benefits, and facilitating even faster growth.”
Source: By Keith Nunes,25 AUG 2021
The Future of Protein Production Summit 2022 will take place online on Tuesday 8th of March until Thursday the 10th of March. Registrations for this highly focused, solutions-driven event will open in October 2021. For sponsorship and exhibition opportunities, please email firstname.lastname@example.org.
Government programs around the globe are increasingly getting more involved in the alternative protein space. This month, the Danish government allocated 1.25 billion kroner (~$194 million USD) for research into plant-based proteins. A few weeks ago, the USDA awarded Tufts University $10million to establish “a cultivated protein center of excellence”. Most recently, a European agency called REACT-EU set aside $2 million in funding to help decrease the costs of producing cultivated meat. In this Alt. Protein Round-up, we also have news pieces on mission Barns’ product unveil, Black Sheep Foods plant-based lamb, ImpossibleMeat’s burger stand, and ADM’s investment into precision fermentation.
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced today an investment of more than $146 million in sustainable agricultural research projects aimed at improving a robust, resilient, climate-smart food and agricultural system. This investment is made under the National Institute of Food and Agriculture’s (NIFA) Sustainable Agricultural Systems program. This innovative program focuses on a broad base of needed research solutions from addressing labor challenges and promoting land stewardship to correcting climate change impacts in agriculture and critical needs in food and nutrition.
The cultured and plant-based meat markets broke records in 2020 and are on track to keep growing. New research reveals the growing amount of money being invested into the alternative meat sector. The FAIRR Initiative – an investor network composed of members with $40 trillion in assets – published the report today.