AUSTIN, MINN. — Hormel Foods Corp., through its 199 Ventures venture branch, has entered into an exclusive partnership with Sacramento, Calif.-based The Better Meat Co. The company alliance will help bring a new mycoprotein to market along with other meat alternative food products.
The Rhiza mycoprotein is produced via a potato-based fermentation that was pioneered by the company, according to The Better Meat Co. It has a meat-like texture that claims to have more protein than eggs and more iron than beef. The ingredient also is free from major allergens, low in fat, and contains no cholesterol or genetically modified organisms.
