{"id":43972,"date":"2022-05-17T07:01:20","date_gmt":"2022-05-17T05:01:20","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/good-meat-adm-partner-to-accelerate-cultivated-meat-production\/"},"modified":"2022-05-17T07:01:20","modified_gmt":"2022-05-17T05:01:20","slug":"good-meat-adm-partner-to-accelerate-cultivated-meat-production","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/good-meat-adm-partner-to-accelerate-cultivated-meat-production\/","title":{"rendered":"GOOD Meat & ADM Partner to Accelerate Cultivated Meat Production"},"content":{"rendered":"
\n

\nFirst-of-its-kind partnership highlights how startups can work with established industry leaders to feed the world<\/i>\n<\/p>\n

<\/a><\/p>\n

SAN FRANCISCO & CHICAGO–(BUSINESS WIRE)–Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, announced today that its GOOD Meat<\/a> division has entered into a joint development agreement with ADM<\/a>, an international leader in nutrition that powers many of the world\u2019s top food, beverage, health and wellness brands. This is ADM’s first strategic partnership of its kind in the cultivated meat sector, which analysts predict could become a $25 billion global industry by 2030.1<\/sup>\n<\/p>\n

\nGOOD Meat created the world\u2019s first real, high-quality meat made directly from animal cells that has been approved for commercial sale, and the company is accelerating research and development and increasing production capacity to meet customer demand in Singapore and future markets. ADM\u2019s unparalleled capabilities across every part of the global food chain, including human and animal nutrition, establishes an important pathway to large-scale commercialization of GOOD Meat\u2019s products.\n<\/p>\n

\nAs part of the agreement, ADM will build upon GOOD Meat\u2019s foundational work to optimize the nutrients needed to enable the growth of the cells<\/a>. In the same way a chicken or a cow absorbs amino acids, vitamins, and fat through consuming soy and corn, GOOD Meat\u2019s cells require an optimal growth medium for quality, cost and volume. It\u2019s a 21st<\/sup>-century extension of what ADM has done for decades in conventional animal agriculture by supplying the industry with superior livestock feed, supplements, and other ingredients for health and wellbeing.\n<\/p>\n

\nThe companies will also collaborate on product development projects for GOOD Meat\u2019s pioneering cultivated meat products, starting with chicken. ADM\u2019s breadth, depth, and insights in food formulation will be leveraged to advance the flavor, texture and other attributes of GOOD Meat\u2019s pipeline of cultivated meat products.\n<\/p>\n

\n\u201cADM has been making and innovating in food over 120 years. We are proud to partner with their incredibly talented team of scientists and engineers to take cultivated meat from a few restaurants today to millions of consumers tomorrow,\u201d said Josh Tetrick, co-founder and CEO of Eat Just.\n<\/p>\n

\n\u201cADM has long been a pioneer in the alternative protein industry, and our strategic focus right now is on developing innovative new technology and solutions to continue expanding our capabilities to serve the fast-growing global demand for protein-based nutritional needs,\u201d said Leticia Gon\u00e7alves, ADM\u2019s president, Global Foods. \u201cCultivated meat solutions have an exciting role to play in this space, and we are eager to work together with GOOD Meat to bring great-tasting, innovative cultivated meat products to the Singapore market and beyond.\u201d\n<\/p>\n

\nToday\u2019s announcement follows the release of ADM\u2019s 2022 Alternative Protein Outlook<\/a>, which revealed what\u2019s next for protein alternatives. The report highlighted, among other advancements, the movement toward price parity of cultivated meat products with their conventional counterparts. Partnerships between startups like GOOD Meat and established industry leaders like ADM can help expedite that process and bring more protein options to consumers faster. Since 2018, GOOD Meat has achieved a 90% reduction in total costs when operating in a built-for-purpose plant.\n<\/p>\n

\nGOOD Meat\u2019s partnership with ADM ushers in an exciting growth period as the company builds upon its recent regulatory approval<\/a> in Singapore to sell new types of cultivated chicken and curates new opportunities for consumers to enjoy those products in a variety of settings. The company continues to hire top scientific, engineering and manufacturing talent in the United States and Singapore as it works with its partners to design and manufacture<\/a> the infrastructure necessary to enable significant increases in cultivated meat production capacity.\n<\/p>\n

\nGuggenheim Securities served as the financial advisor to GOOD Meat for the ADM transaction.\n<\/p>\n

\n____________________\n<\/p>\n

\n1<\/sup> McKinsey & Company, “Cultivated meat: Out of the lab, into the frying pan,\u201d<\/a> June 2021\n<\/p>\n

\nAbout Eat Just, Inc.<\/b>\n<\/p>\n

\nEat Just is a food technology company with a mission to build a healthier, safer and more sustainable food system in our lifetimes. The company’s expertise, from functionalizing plant proteins to culturing animal cells, is powered by a world-class team of scientists and chefs spanning more than a dozen research disciplines. Eat Just created America\u2019s fastest-growing egg brand, which is made entirely of plants, and the world\u2019s first-to-market meat made from animal cells instead of slaughtered livestock. The company has been recognized as one of Fast Company\u2019s \u201cMost Innovative Companies,\u201d Entrepreneur\u2019s \u201c100 Brilliant Companies,\u201d CNBC\u2019s \u201cDisruptor 50\u201d and a World Economic Forum Technology Pioneer. JUST Egg has been named among Popular Science\u2019s \u201c100 Greatest Innovations\u201d and Fast Company\u2019s \u201cWorld Changing Ideas\u201d and the history-making debut of GOOD Meat was heralded as one of 2020’s top scientific breakthroughs by The Guardian, Vox and WIRED.\n<\/p>\n

\nFor more information on JUST Egg, visit https:\/\/ju.st<\/a>.
\n
For more information on GOOD Meat, visit http:\/\/goodmeat.co<\/a>.\n<\/p>\n

\nAbout ADM<\/b>\n<\/p>\n

\nADM unlocks the power of nature to enrich the quality of life. We\u2019re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We\u2019re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We\u2019re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We\u2019re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we\u2019re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nEat Just Media Contact:
\n
Andrew Noyes
\n
press@ju.st<\/a>\n<\/p>\n

\nADM Media Contact:
\n
Jackie Anderson
\n
media@adm.com<\/a>
312-634-8484\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

First-of-its-kind partnership highlights how startups can work with established industry leaders to feed the world SAN FRANCISCO & CHICAGO–(BUSINESS WIRE)–Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, announced today that its GOOD Meat division has entered into a joint development agreement with ADM, … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["entry","post","publish","author-business","post-43972","format-standard","category-industry"],"yoast_head":"\nGOOD Meat & ADM Partner to Accelerate Cultivated Meat Production - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/good-meat-adm-partner-to-accelerate-cultivated-meat-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GOOD Meat & ADM Partner to Accelerate Cultivated Meat Production - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"First-of-its-kind partnership highlights how startups can work with established industry leaders to feed the world SAN FRANCISCO & CHICAGO–(BUSINESS WIRE)–Eat Just, Inc., a company that applies cutting-edge science and technology on a mission to create healthier, more sustainable foods, announced today that its GOOD Meat division has entered into a joint development agreement with ADM, ... 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