As the world looks for sustainable alternatives to conventional protein sources, startups like Planetary, based in Switzerland, are paving the way for a greener and healthier food system. Founded in 2022 by Marison Ian and David Brandes, the company is a venture-backed food tech company that aims to power the economy by building industrial-scale infrastructure globally. Their core innovation lies in precision fermentation, and they’re set to make a significant mark on the global protein supply with their versatile mycoprotein product.”We’re building the bioeconomy together,” reads Planetary’s tagline. This vision aligns with the growing demand for sustainable, plant-based, and microbial proteins in a world that is grappling with the challenges of climate change and resource scarcity.
Precision Fermentation: Scaling for Global Impact
Planetary’s focus on precision fermentation is no accident. This method allows for the production of high-quality proteins without the environmental downsides of traditional animal agriculture. According to a recent study by the Good Food Institute, precision fermentation can reduce land use by up to 99% and greenhouse gas emissions by up to 87% compared to conventional meat production.”Our goal is to provide food producers with a sustainable, healthy, and versatile ingredient in the form of mycoprotein,” said one of the co-founders during the interview. The company is already building its first facility in Switzerland, set to begin operations at the end of 2024. This facility will serve as a cornerstone in Planetary’s mission to contribute to diversifying the global protein supply.
A Team of Experts Driving Innovation
Planetary’s small but highly specialized team of 10 employees works in Switzerland and remotely, bringing together expertise in bioprocessing, engineering, product development, and business. Their multidisciplinary approach has helped the company scale rapidly despite being in the early stages of development.”We’ve built a team of experts in bioprocessing, engineering, product development, and business to create a winning combination,” the team shared. This focus on building a strong internal foundation is key to ensuring they meet their ambitious goals in the coming years.
The Growing Bioeconomy: Opportunities and Challenges
As a participant in SIAL Startup Village, Planetary aims to connect with industry leaders and generate new customer leads. “We’re looking to establish strong connections within the industry and secure new customers,” the commercial director, Eleanor McSweeney, said. They also hope to lead in building the bioeconomy, which the OECD predicts could reach a global market size of $2 trillion by 2030. However, like any ambitious startup, Planetary faces its own challenges. “What keeps us awake at night is the rapid scaling required to meet market demand while maintaining high quality and sustainability standards,” admitted the team. But they remain driven by the potential impact they can make. “The idea of building a better, more sustainable food system is what gets us up every morning,” they added.
The Road Ahead for Planetary
Looking forward to 2024, Planetary’s primary goal is to get its first factory up and running. The company plans to expand its team, particularly as it scales its operations and production capacity. “We’ll likely be hiring at the end of this year to support our growth,” McSweeney noted. Their entry into the food-tech space comes at a pivotal moment when consumer demand for alternative proteins is at an all-time high. According to Euromonitor data, the global plant-based protein market is expected to grow at a 9.7% CAGR from 2021 to 2028. With such promising market trends and a clear roadmap, Planetary is well-positioned to make a lasting impact on both the food industry and the environment.” We believe that precision fermentation can revolutionize food production,” one of the co-founders emphasized. “And we’re excited to be part of that transformation.”