NEWS F&A Alternative Proteins Edition October 2023 11 demands for conventional meat present challenges that the traditional food production system cannot cope with, the company stated. According to the Food and Agriculture Organization, land used for the livestock industry accounts for 83% of the world’s agricultural land, and one-third of global grain production is processed as feed grains. Cellular agriculture is now emerging as a solution to overcome such resource constraints, thereby promoting biodiversity maintenance and resource circulation, according to Simple Planet. Simple Planet uniquely participates in this trend by isolating cells from livestock tissues and cultivating them in large quantities to produce cell-based ingredients such as alternative protein and unsaturated fats in a powdered or paste form, instead of the widely-developed hybrid cultivated meat form. These high-protein powders and customizable unsaturated fatty acids can be used as food ingredients with unlimited applications. They can enhance absorption and improve the flavor and the nutritional structure of any conventional food product, and can also be used as specialized functional ingredients targeting seniors and infants. Simple Planet’s technology and innovation have been acknowledged globally. It ranked on the 2022 Food-tech 500 presented by Food Forwarding in the UK, which selects groundbreaking start-ups in the agri-food tech landscape, and they were the only Asia-based finalist selected in MassChallenge Switzerland 2023, an early-stage startup accelerator. Simple Planet signed an investment agreement with Pulmuone, a plant-based food manufacturing company in Korea, to accelerate its product commercialization. Read more>>
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