Orkla Alternative Proteins a invested in two startups, Change Foods and Arkeon, which are using technology to produce the cheese and proteins of the future.
The latest announcement follows previous investments by the group in the sector, such as the purchase of SR Food A/S, the Danish sales and distribution company.
Changing foods and Arkeon
Change Foods is a startup that makes cheese using a process known as precision fermentation.
Although cheese is currently the primary focus, the group aims to use precision fermentation to create tasty and nutritious alternatives to other dairy products, such as yogurt, butter, ice cream and milk, Orkla noted. .
Established in 2019, Change Foods has 15 employees and is located in California.
Elsewhere, start-up Arkeon Biotechnologies is trying to produce alternative proteins from CO2 in a sustainable and cost-effective way.
Arkeon’s research has identified a unique microorganism capable of producing essential and non-essential amino acids and peptides that will improve the quality of herbal products. Orkla added.
The company was established in 2021 and is located in Vienna and Tulln in Austria.
Orkla Alternative Proteins CEO Comments
Elin Tveito Lidman, CEO of Orkla Alternative Proteins, said, “These investments fit perfectly with Orkla’s strategy to partner with innovative technology companies that can contribute to even better products for our businesses and brands. herbal. Both companies use precision fermentation to create unique proteins in a way that is sustainable and, over time, more profitable than the traditional meat and dairy industry.
“This is a technology platform that we believe will play a key role in protein production in the future. Consumers are increasingly demanding healthier and more sustainable alternatives to meat and dairy products. Orkla’s ambition is to be one of the leading European players in the alternative protein market by 2030.”
Read more: Alternative proteins are making waves in the seafood category: analysis
© 2022 European supermarket magazine – your source for the latest A-Brands news. Article by Conor Farrelly. Click on subscribe register for ESM: European Supermarket Magazine.