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        Onego Bio, a Finnish food technology company, has opened a 5,000 sq ft commercial headquarters in San Diego, California. The company is also planning its first industrial-scale manufacturing facility in the US, which will have a 2-million-liter fermentation capacity, equivalent to 6 million laying hens annually.
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        The facility includes office spaces, advanced laboratory capabilities, and a test kitchen for demonstrating applications of its Bioalbumen product, an animal-free egg protein created through precision fermentation.
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        The company chose San Diego for its strong biotechnology ecosystem and proximity to leading research institutions, universities, and food tech innovators. The location will support Onego Bio's North American commercialization strategy, where regulatory conditions are expected to enable faster market launch than Europe.
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    <a href="https://vegconomist.com/company-news/onego-bio-opens-us-headquarters-san-diego-scale-animal-free-egg-protein/">
      Vegconomist
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Plant-based Dairy & Egg

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 <p>Finnish food technology firm, Onego Bio, has set up a 5,000 sq ft commercial headquarters in San Diego, California and is preparing to establish its first US-based industrial-scale manufacturing plant. The planned facility is poised to have a 2-million-liter fermentation capacity, allowing it to generate the equivalent of 6 million laying hens per year.</p>
 <p>Apart from office spaces, the headquarters also boasts advanced lab facilities and a test kitchen. These will be used specifically for showcasing the uses of Onego Bio's Bioalbumen—the company's proprietary animal-free egg protein product which is made using precision fermentation technologies.</p>
 <p>The decision to set up base in San Diego was made considering its bustling biotech ecosystem and its close proximity to highly esteemed research institutions, universities, and fellow food tech innovators. This strategic location also aligns well with Onego Bio's commercialization strategy for the North American market where regulatory conditions are anticipated to accelerate market entry over its European counterpart.</p>
 
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Onego Bio establishes US headquarters in San Diego to advance animal-free egg protein production

ANALYST_QUICK_TAKE

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 <p>Plantible Foods, a supplier of plant-based protein, has raised USD 30 million in a Series B funding round. The round was co-led by Piva Capital and Siddhi Capital. Other participants in the funding round included Betagro Ventures, Cultivate Next, Nourish Ventures, and existing investor Astanor Ventures.</p>
 <p>The funds will be used to expand manufacturing operations at the company's first commercial plant, titled "The Ranchito," a 100-acre facility located in West Texas. Plantible Foods has set a goal to increase its revenue by ten times over the course of the next 12 months.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Plantible Foods produces plant protein by harnessing lemna, an aquatic plant known as duckweed. Lemna is reportedly 100x richer in protein than soy and 40x more than peas. Further, the company also offers Rovitaris, a binding agent made from Rubi protein, which claims to have a higher protein content than methylcellulose and offers comparable binding properties with a better texture, nutritional profile, and digestibility.</p>

Plantible Foods raises USD 30 million in Series B funding to expand manufacturing operations

PROMINENT_CATEGORY

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 <p>Food technology company Armored Fresh, renowned for its plant-based cheese alternatives, has now introduced two new products: Grated Parmesan and Grated Kimchi Parmesan. These innovative products are crafted using plant-derived ingredients like fermented oat beverage, coconut oil, and a special starch mix.</p>
 <p>The Grated Parmesan brings forward a rich, distinct, nutty flavor, topped with a savory umami end-note. The Grated Kimchi Parmesan, on the other hand, merges the traditional Parmesan flavor with the spicy, tangy zest of kimchi. Additionally, these products maintain a staunch stance on health, being entirely free from GMOs and gluten.</p>
 <p>Armored Fresh stands out in the market by employing a patented technology which mimicks the conventional grating process. This enables them to deliver an authenticity in taste and texture which eludes other plant-based cheese manufacturers who generally resort to spray-drying methods.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Including this development, Armored Fresh has taken several initiatives to expand its oat milk cheese line. In <a href="https:<br>
//sp-edge.com/updates/26102"> January 2024 </a> , the company partnered with restaurant chain Bareburger to incorporate its zero-dairy Oat Milk Cheddar Cheese into Bareburger's menu offerings. Furthermore, in <a href="https:<br>
//sp-edge.com/updates/29560"> May 2024 </a> , it expanded its oat milk range with Oat Milk Cheddar Dip.</p>

Armored Fresh launches new oat milk parmesan cheese alternatives

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 <p>Shiru, an AI food tech startup, has raised USD 16 million in Series B funding. The financing round was led by S2G Ventures, and included contributions from CPT Capital, Lux Capital, Nourish Ventures, and Meach Cove Capital.</p>
 <p>This funding will help Shiru enhance its ProteinDiscovery.ai marketplace and expand its ingredient portfolio. This will be done through the establishment of commercial partnerships and the introduction of new product offerings.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Launched in <a href="https:<br>
//sp-edge.com/updates/29010"> May 2024 </a> , ProteinDiscovery.ai claims to be the world's first protein marketplace and discovery platform. It hosts a database of plant-derived and microbial proteins, covering over 33 million molecules, and offers key features like automated biochemistry workflows and the classification of molecules by their sequence, use, and performance.</p>

Shiru raises USD 16 million in Series B funding to expand ingredient portfolio

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 <p>Naplasol, a Belgian protein manufacturer part of the VEOS group, has unveiled two new mycoprotein products, Promyc S110 and Promyc L100, after acquiring the Swedish firm Mycorena. The products will be displayed at the Food Ingredients Europe event in Frankfurt.</p>
 <p>Promyc S110 is fibrous and juicy in texture with a neutral flavor, whereas Promyc L100 exhibits a denser fibrous structure. Both items are said to be rich in protein and dietary fiber and low in fat, sodium, and cholesterol, offering a complete amino acid profile.</p>
 <p>Per Naplasol, these mycoprotein products can extend beyond conventional meat substitutes, being utilized in cheese replacements, vegetable-based meals, protein-rich bars, and dairy-free frozen desserts. This ensures versatility in flavor and texture for diverse food applications.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Mycorena was acquired by Napalsol in <a href="https:<br>
//sp-edge.com/updates/32893"> August 2024 </a> after the former filed for bankruptcy in <a href="https:<br>
//sp-edge.com/updates/31596"> July 2024 </a> . The development of these new ingredients highlights the benefits Naplasol gained through Mycorena's range of patents, trademarks, and other valuable assets.</p>

Naplasol launches two new mycoprotein products

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 <p>Molecular farming company PoLoPo has teamed up with CSM Ingredients, a global ingredient technology firm, to create egg protein powder derived from potatoes for commercial baking use.</p>
 <p>The partnership focuses on enhancing PoLoPo's ovalbumin powder for commercial baking functions, such as foaming, gelation, and water-binding. Furthermore, PoLoPo will participate in CSM's Generate incubator program, which provides R&amp;D expertise, support for market entry, and business networking opportunities.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This collaboration follows PoLoPo's <a href="https:<br>
//sp-edge.com/updates/27980"> unveiling </a> of its SuperAA molecular farming platform, which produces its ovalbumin and patanin alternative proteins. Furthermore, the company recently <a href="https:<br>
//sp-edge.com/updates/29683"> applied for a Regulatory Status Review </a> (RSR) from the US Department of Agriculture's Animal and Plant Health Inspection Service for this platform.</p>

PoLoPo partners with CSM Ingredients to develop egg protein alternative for baking

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 <p>The Dutch food tech firm, Revyve, which develops yeast-based substitute ingredients for eggs, has established its initial foreign distribution alliance with UK's Daymer Ingredients. </p>
 <p>As a result of this partnership, British food manufacturers will have access to Revyve's natural texturizing ingredients derived from micro-milled yeast. These ingredients have properties such as heat-set gelling, binding, and emulsification, which are ideal for use in plant-based meats, sauces, baked goods, and other items.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This collaboration follows Revyve's recent launch of a <a href="https:<br>
//sp-edge.com/updates/33615"> gluten-free egg replacer </a> and <a href="https:<br>
//sp-edge.com/updates/30800"> yeast-based egg replacement </a> products. Further, the company began operating its new factory in the Netherlands, with an estimated production capacity of ~300 tons. This will enable the company to meet any surges in demand as it looks to expand its international footprint.</p>

Revyve partners with Daymer Ingredients to distribute yeast-based egg alternatives in UK

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 <p>Finnish plant-based food and drink company, Oddlygood, has acquired UK-based Manufacturer of plant-based drinks, cereals, snacks, Rude Health, for an undisclosed amount. The acquisition aims to solidify Oddlygood's presence in the UK and European plant-based markets. Oddlygood intends to utilize the synergies of both brands to increase market share and spur innovation in their product lines, which include plant-based milk alternatives, cheeses, desserts and yogurts.</p>
 <p>Rude Health was established in 2005 by Camilla and Nick Barnard. Originally a home-based business, it has grown to become a recognized UK brand with distribution across major retailers and foodservice channels. The company anticipates a record revenue of GBP 28 million in 2024 and has renewed its B Corp certification with a score of 120.7.</p>
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Oddlygood acquires UK plant-based brand Rude Health

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 <p>A new vegan ricotta cheese made from almonds and cashews has been launched by Dreamfarm, an Italian startup that specializes in producing nut-based fermented cheese alternatives. This new product will be initially available in Esselunga supermarkets across Italy, beginning October 28th, with plans for further expansion into other European Union markets. </p>
 <p>The vegan ricotta is developed using a patented fermentation process and is conveniently packaged in 100 g bundles. It is versatile in use, as it can either be eaten independently or used as an ingredient in a variety of sweet and savory dishes. </p>
 <p>With this product expansion, Dreamfarm intends to increase its revenue by eightfold relative to the figures of 2023. Also, the company has plans to present the product at the Plant Based World Expo Europe to be held in London in November. </p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Dreamfarm claims its plant-based mozzarella is the first and only alternative with government-certified liquid status and a Nutriscore A rating. Since its debut in Italy, the company has successfully expanded its reach, entering the <a href="https:<br>
//sp-edge.com/updates/27538"> Belgian </a> and <a href="https:<br>
//sp-edge.com/updates/28778"> German </a> markets this year.</p>

Dreamfarm launches vegan ricotta made from nuts

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 <p>Edenesque, a plant-based milk company, has released its first line of oat and pistacino milk products. The products are available in Whole Foods markets in New York and Connecticut, select retailers in New York State, and all 27 Joe Coffee locations. They are also available for shipping nationwide from November 1 through the company's website.</p>
 <p>The product range includes Unsweetened Oat Milk with 5 g of protein per serving, Barista Blend Oat Milk sweetened with coconut nectar, and Barista Blend Pistachino Milk. These products do not contain fillers, gums, preservatives, or additives and are said to have the highest concentration of oats and nuts on the market.</p>
 <p>Edenesque asserts its products offer maximum flavor, nutrition, and performance with minimal waste. Each purchase also contributes to the Edenesque Food Insecurity Initiative, working to improve food availability in food-insecure communities in New York State.</p>
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All Updates

Onego Bio establishes US headquarters in San Diego to advance animal-free egg protein production

Plantible Foods raises USD 30 million in Series B funding to expand manufacturing operations

Armored Fresh launches new oat milk parmesan cheese alternatives

Shiru raises USD 16 million in Series B funding to expand ingredient portfolio

Naplasol launches two new mycoprotein products

PoLoPo partners with CSM Ingredients to develop egg protein alternative for baking

Revyve partners with Daymer Ingredients to distribute yeast-based egg alternatives in UK

Oddlygood acquires UK plant-based brand Rude Health

Dreamfarm launches vegan ricotta made from nuts

Edenesque launches new plant-based milk product line

Plant-based Dairy & Egg

Onego Bio establishes US headquarters in San Diego to advance animal-free egg protein production

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