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Is the future vegan? Cargill invests $75 million in Beyond Meat's supplier

The agribusiness giant is just one more to surrender to the vegetable protein trend

Cargill corporate headquarters in the US.
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  • Cargill invests $75 million in Puris Proteins, Beyond Meat’s pea protein supplier;
  • The American company is not the first agribusiness giant to surrender to the growing trend in vegetable protein consumption as an alternative to animal protein.

One of the largest agribusiness companies in the world, the American Cargill announced a $ 75 million investment in Puris Proteins. The company supplies vegetable protein made from peas to Beyond Meat. The two companies were already partners in a joint venture created last year, in which Cargill invested $ 25 million.

The American company is not the first agribusiness giant to surrender to the growing trend in vegetable protein consumption as an alternative to animal protein.

READ ALSO: The Brazilian foodtech Fazenda Futuro begins expansion in Latin America

In early August, Marfrig, the world’s second largest meat processing company, announced an alliance with US giant Archer Daniels Midland (ADM) in an exclusive deal for the development and distribution of its own vegetable burgers. ADM will supply the necessary raw material for production and Marfrig will be responsible for producing the hamburgers in a factory located in the city of Várzea Grande, as well as selling the products to food companies in the country.

Also here in Brazil, the startup Fazenda Futuro received this year a contribution of $ 8.5 million from the Monashees investment fund, reaching a market value of US $ 100 million and starting an expansion to other Latin American countries.