View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 9, 2020

Bell Food Group invests again in cell-cultured meat developer Mosa Meat

Switzerland's Bell Food Group has invested in a cell-based meat developer in Europe for the second time.

By Dean Best

Switzerland’s Bell Food Group, a producer of convenience foods, has invested in cell-cultured meat start-up Mosa Meat in the Netherlands for the second time. 

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Bell said today (9 July) it has invested EUR5m (US$5.7m) in the Maastricht-based business, which developed what it claims was the world’s first cultured ‘beef’ hamburger made from animal cells in 2013 under the auspices of co-founder and chief scientific officer Professor Mark Post but as yet to make its debut in the market.

In 2018, Bell injected EUR2m into Mosa Meat as part of a EUR7.5m financing round that also included M Ventures, the corporate venture capital arm of science and technology company Merck. And Mosa Meat attracted further investment at the start of this year from animal nutrition business Nutreco and US venture-capital fund Lowercarbon Capital

At the time, Mosa Meat said it had also entered a partnership with Nutreco, located in Amersfoort, Netherlands, and a wholly-owned subsidiary of Dutch multinational SHV Holdings, to supply base materials. 

Bell, which also supplies meat and charcuterie products in Europe, said in a statement the new capital will be used for the commercial production and marketing of cultured beef, including the construction of a manufacturing plant and the scaling-up of the technology as means to getting the first product launched in Europe by 2022.

“With this investment, the Bell Food Group reinforces its ambition to actively participate in shaping new trends in the convenience food sector and play a leading role in the booming market for alternatives to meat,” Bell said.

Zurich-listed Bell expanded on the way forward for Mosa Meat: “The first pilot production plant will commence operation in 2021. In the course of 2022, the first industrial production line will start and the first products will be launched on a small scale in selected restaurants in test markets, in and possibly outside Europe. In addition, plans are in place to commission the first high-volume production plant by 2025,” it said.

It added: “With the investment in Mosa Meat, the Bell Food Group wants to support the long-term development of new production methods that offer a possible alternative to consumers who are re-evaluating their consumption of meat for ethical reasons.”

Gian Marco Werro, an analyst at MainFirst, commented in a research note this morning: “We expect Bell to still hold a minority in Mosa Meat. The start-up is a pioneer in this alternative product to classic meat, for which we see big market potential in the mid-term. However, the respective international competition for meat and fish alternatives (excluding plant-based substitutes) is already intense.”

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food