The U.S. Cattlemen's Association petitioned the USDA to establish label requirements for laboratory-grown meat and alternative proteins, said the weekly Tri-State Livestock News, of Belle Fourche, S.D. "We look forward to working with the agency to rectify the misleading labeling of 'beef' products that are made with plant or insect protein or grown in a Petri dish," said USCA president Kenny Graner.
The venture arm of the giant meat processor Tyson Foods invested in Memphis Meats, a food tech start-up that is developing cultured meat produced directly from animal cells. The Arkansas-based company declined to say how much money Tyson Ventures injected into Memphis Meats for a minority stake in the "clean meat" operation.
Maple Leaf Foods, Canada's largest distributor of packaged meats, says it will buy Field Roast Grain Meat Co. in an expansion of its role in the North American market for alternative proteins. Based in Seattle, Field Roast produces grain-based "meat" and vegan cheese products, such as plant-based roasts, sausages, burgers and sliced cheese. It also makes a frozen vegan mac-and-cheese.
It's still a small part of the market, yet "burgers made from plants instead of animals are capturing more space on U.S barbecue grills this summer," says Reuters, pointing to estimates of global sales of $5 billion by 2020. Consumer research firm Technomic says alternative meat products are targeted at millennials and Generation X, people aged 18-50 years.
The giant U.S. food processor Tyson Foods launched a $150-million venture-capital fund "to invest in high-tech products and services that could refresh its stable of products, which include chicken, hot dogs and hamburgers," reports the Wall Street Journal. One focus of the fund will be alternative forms of protein, a field that includes plant-based foods, insect-based protein products, meat grown from self-reproducing cells and meat from 3-D printers.
One of the biggest meatpackers in the world, Tyson Foods, "appears to be the first big meat company to invest in a business that, among other things, aims to reduce consumption of chicken, beef and pork by replacing it with plant proteins, says the New York Times. Tyson purchased a 5-percent share of Beyond Meat, based in California.