Investing €25 million, Horizon Europe will be part of an EU programme that will develop cultivated meat and fermentation-based foods.
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The Good Food Institute (GFI)
It’s hoped that the technology used to create the fillet might be able to relieve pressure on fish stocks around the world as it is developed in the future.
It’s hoped the funding will help elevate the US to a position of leadership within the cultured protein sector, which is seen a key solution to reducing the climate impact of the food industry.
The Good Food Institute claims alternative protein companies received nearly €2.6 billion in investments in 2020, making it a record year for the sector.
Cultivated meat, when produced using renewable energy, can vastly reduce the environmental impact of meat production and use up to 19 times less land.
The report ranked the retailers based on their plant-based product assortment, merchandising and marketing.
Investment in alternative protein companies was the highest ever in 2019 and is on a strong upward trend, with more investment in the first quarter of 2020 than in all of 2019, data from GFI has revealed.
New data from the Good Food Institute and the Plant Based Foods Association has shown that plant-based meat, eggs, and dairy continue to outpace conventional animal products and remain a key engine for growth in the US retail market.
A petition asking for stricter regulation on how lab-grown meats are labelled has polarised opinion in the American food and drink sector, with some going so far as to call it a violation of one of the cornerstones of the nation's Constitution.