22nd April 2021 Product update: MeaTech 3D Ltd.
Hybrid Foods with Cultured Chicken Fat is Seen as Next Evolutionary Step in Alternative Proteins
MeaTech 3D Ltd. has announced that its wholly-owned subsidiary, MeaTech Europe, has commenced food technology development activities, with an initial focus on hybrid foods, which are food offerings composed of both plant and cultured fat and/or protein ingredients.
One of MeaTech Europe's main activities will be food technology development on behalf of the MeaTech group of companies. The initial focus will be to facilitate the development of a variety of hybrid food offerings based on chicken fat from MeaTech 3D's recently acquired Antwerp-based subsidiary Peace of Meat BV.
Food technology development activities will focus on enhancing Peace of Meat's cultured chicken cell products, including optimizing key aspects like taste, texture, flavor, mouthfeel, and nutrition.
Peace of Meat has already performed several taste tests that have demonstrated the potential of cultured chicken fat to improve the properties of plant-based protein products.
MeaTech Europe will build on this proof-of-concept product to develop hybrid products that are tailored to meet consumer tastes and preferences. Bovine and avian cell research and development, as well as scaling of technologies, will continue to be performed at MeaTech 3D and Peace of Meat, respectively.
Sharon Fima, MeaTech's Chief Executive Officer, said, "We are excited to kick off food development activities at MeaTech Europe, representing a key step towards commercializing cultured products. Tailoring our offerings to consumer preferences is imperative, which is why this will be MeaTech Europe's initial pursuit, while MeaTech 3D and Peace of Meat continue to focus on advanced cellular agriculture development and scaling of the Company's core offerings".
"2020 proved to be a tremendous year for plant-based products, with total industry sales reaching $7 billion in the United States alone. We expect hybrid products to be the next step in the evolution of alternative proteins, and Peace of Meat's cultured chicken fat may prove to be a game-changer in this category, where it may improve the taste, texture, and mouthfeel of plant-based alternative meats. We want to ensure that plant-based producers looking to improve key qualities of their offerings can seamlessly incorporate our cultured fat ingredients."
Date Published: 22nd April 2021
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