The Better Meat Co. Signs Largest Supply Deal to Date for Mycoprotein

The Better Meat Co. has signed a significant supply deal with a South American meat company for Rhiza mycoprotein, marking their largest agreement to date. This deal involves supplying 30 dry tons of mycoprotein per month, with a potential annual revenue of $13 million from agreements with companies in various regions. The mycoprotein is primarily used in blended meat products, enhancing nutritional value and taste preferences in consumer tests.

The company is working on scaling up production with a contract manufacturer due to high demand for Rhiza mycoprotein. Regulatory approvals have been obtained and expansion plans are in place, including receiving a grant from the US Department of Defense. With a focus on blended meat products, The Better Meat Co. is poised to meet the growing demand for their innovative ingredient in both traditional and plant-based meat applications.