After cornering GMO crop market with Monsanto takeover, Bayer turns its eyes to imitation 'meat'

After cornering GMO crop market with Monsanto takeover, Bayer turns its eyes to imitation 'meat'

According to Bob Reiter, Bayers head of research and development at its crop science division, plant-based meat companies are sourcing different types of crops and that also could create opportunity for us, being a company that is a plant-breeding company.

Reiter said that in order for plant-based companies to produce at scale and to succeed, some efficient sources of amino acids and carbohydrates are required. That could bring them around to row crops that can be tilled and cultivated by machinery.

Also on rt.com Companies people love to hate: World?s most despised corporations

Were not going to scale peas to get to 10% of the alternative meat market, Reiter said.

Meat-producing companies are massively cashing in on a trend of meat alternatives, selling sausages, burgers and imitation ground beef largely made from pea protein or soy.

According to analysts from research group Mintel, there are no signs of the meat alternatives market slowing, with nearly 40 percent of consumers trying to add more plant-based protein to their diet.

Also on rt.com US judge cuts Monsanto cancer victims? award from $2 billion to $86 million

The worlds largest seed and pesticides company by sales, Bayer has been strongly criticized over tapping into the genetically modified foods market, after it acquired US agrochemical giant Monsanto.

Bayer is facing mounting lawsuits over Monsantos Roundup weedkiller, but insists the herbicides active ingredient glyphosate is safe.

For more stories on economy & finance visitRT's business section


Published time: 2019-08-02 13:08:03
Source: www.rt.com