Players continue to join the global tens of billions of dollars of plant meat market.
Fazenda Futuro official website
According to foreign media LatamList reported, Brazil Fazenda Futuro completed a US$25 million financing funded by BTG Pactual, ENFINI Investments, Turin MFO, Monashees and Go4it Capital. The funds obtained in this round of financing will be used by the company to develop new meat substitutes to promote product lines and enter new markets.
Plant meat manufacturerFazenda Futuro was founded by Marcos Leta in 2019 and headquartered in Rio de Janeiro, Brazil, aiming to develop and promote plant-based meat substitutes.
At the beginning of March this year, Fazenda Futuro launched pure plant pork sausages, made from soybeans, peas and chickpea protein. The color comes from the beetroot and the crispy casing The pigskin feel comes from seaweed. Marcos Leta said that the company and its partner manufacturers have jointly developed seaweed skins. In order to ensure that the flavor of sausages is the same as that of animals, the taste of seaweed is deliberately removed.
In order to improve the taste of plant-based meat substitute products, Fazenda Futuro has also developed an AI tool that can analyze a large amount of plant data, looking for plant-based materials to restore the taste and taste of meat. The best way to make texture.
Pure plant pork sausages have been launched in thousands of supermarket retail stores in Brazil, including supermarket chains such as Carrefour, Verdemer and Pão de Açúcar. In addition, Fazenda Futuro’s products include vegetable burgers, meatless minced meat and vegetable meatballs.
So far, Fazenda Futuro has 2,000 sales points in Brazil and entered the European market at the end of 2019, selling its plant-based burgers in the Netherlands, and plans to enter Germany in the future , UK and US markets. At the end of 2019, Fazenda Futuro said that it is expected that in the next two years, exports to Europe will bring the company about 44.4 million US dollars in revenue, when the company was valued at about 100 million US dollars.
According to a report by the Foresight Economist, the global plant-based meat market in 2019 is about 12.1 billion U.S. dollars, and is expected to grow at a compound growth rate of 15.0% per year, and it is expected to reach 28 billion U.S. dollars by 2025. The global vegetable meat market has a large increase and a fast growth rate. The players who have emerged on this track still have a lot of room for development.