Top 10 Alt-Meat Startups Globally

The traditional meat industry faces business, ethical and environmental concerns. Covid-19 made consumers realise the issues in the meat supply chain for the first time, including the workers’ health or the ethical treatment of animals. Several other reasons for the shift towards a more meatless future include urbanisation, population growth, healthier lifestyle change, and a rising global middle class leading to greater meat consumption. With advances in agtech and synthetic biology, these startups can emulate the flavour and texture of traditional animal meat.

According to CB Insights’ Industry Analyst Consensus, the global meat market could be worth as much as USD 2.7T by 2040. According to Bloomberg News, the demand for vegan meat has soared, with retail sales of plant-based meat alternatives reaching USD 7B in 2020 — an increase of 27% from 2019. 

Here we have carefully curated a list of global top 10 alternative meat startups. The startups in this list are ranked according to the total funding they have raised to date. All these startups have distinguished themselves by the product or service they provide in the industry. CrunchBase and Pitchbook are the primary sources of data used in this article. 

1. NotCo

NotCo produces plant-based food products to bring animals out of food production while not compromising on taste. The company’s products use pineapple, coconut, cabbage, peas, bamboo, beets, chickpeas and seeds to replicate animal-based products’ taste, texture, colour and aroma, enabling manufacturers to discover a new source of fibre, calcium and proteins from the vegetables.

2. v2food

V2food produces plant-based meat products to offer meat alternatives in a sustainable and eco-friendly manner. The company’s products are made with natural ingredients that have an adequate amount of protein, energy, fibre and specific amino acids, enabling customers to enjoy food items that taste like meat while ensuring minimal greenhouse gas emissions, land degradation and biodiversity loss worldwide.

3. Meati Foods

Meati Foods manufactures plant-based products to act as a sustainable alternative to meat. The company specializes in producing fungi-based steaks that are minimally processed and made from natural ingredients using a fermentation process and are free from any kind of common allergens, thereby providing consumers with vegan food choices.

4. Planted Foods

Planted Foods create plant-based meats to reduce consumption of animal-based proteins, protect species and stay healthy. The company’s meats taste and feel like animal meat, are produced from naturally-sourced plant ingredients, mainly pea protein, pea fibre, sunflower oil and water that are gluten-free, GMO-free, vegan products containing low fats and calories, enabling consumers to enjoy organic, healthy meat alternatives with no chemical additives.

5. DAIZ

Daiz creates plant-based food products to offer plant-based substitutes for familiar meat dishes. The company’s food products are made from soybean-derived functional substances, enabling foodies to have access to a healthy and cruelty-free alternative to meat.

6. Next Gen Foods

Next Gen Foods produces plant-based foods to create a plant-based diet that is rich in nutrition. The company’s plant-based products look and taste like meat and are developed using the agricultural food ecosystem, enabling consumers to have foods that are rich in protein and nutrients.

7. THIS

THIS manufactures plant-based meat alternative products intended to satisfy meat lovers with plant-meat-based dishes. The company’s products are made of plant-based ingredients fortified with nutrients and high in protein. They are designed to have the same texture and taste as meat, enabling customers to get the feel of having meat-based products and satisfy their tastes without harming animals.

8. Rebellyous Foods

Rebellyous Foods produces plant-based meat to serve the foodservice market, retail and QSRs to replace animal-based meat on a large scale. The company’s meat is sustainable, affordable and delicious. It is made using novel food manufacturing equipment and processes, enabling customers to have protein-packed chicken nuggets, patties and chicken strips made with plant produce.

9. Heura Foods

Heura manufactures vegan food to change people’s perception of plant-based meat with vegan chicken. The company’s services mainly focus on offering soy-based meat alternatives which have a short ingredient list and are further enriched with vitamins and nutrients, enabling customers to buy products with the experience of meat and the benefits of vegetables.

10. Vesta Food Lab

Vesta Food Lab develops plant-based meat food products. The company’s technology aims to create a meat substitute food that can be used in many cooking styles, enabling consumers to enjoy healthier, more environmentally friendly foods.

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