Woolworths’ venture capital arm w23 is one of the backers in a bumper $4m funding round for Sydney-based premium proteins start-up Harvest B.
Aided by Austrade, Dandenong, Victoria-based manufacturer Made Group has cracked the sophisticated and competitive Japanese beverage markets with its range of cold-pressed juices.
Australian plant-based meat product company v2food, a joint venture between CSIRO, Main Sequence Ventures and Hungry Jack’s franchisee Jack Cowin, has expanded its export reach into China.
Blood orange, a versatile, showy citrus variety beloved by chefs, attracts a price premium – and has potential as a nutraceutical, says Vito Mancini, director of Australia’s largest grower of the fruit, RedBelly Citrus, who reveals the company’s strategy for minimising waste and maximising returns.
Australia’s food and beverage supply chains are being held back by ageing technology, underinvestment in digital and a lack of data-driven insight, says Accenture’s Jordan Griffiths, who offers some recommendations to manufacturers.
Despite reductions in export revenue, Australia’s supplements sector expanded during the pandemic, with firms pivoting to immunity products and finding new export markets.
Growers investing in high-value crops such as saffron and vanilla, and in varieties bred for sustainability, are fuelling diversity in indoor cropping, found a panel of experts at the recent Indoor AgTech NYC Innovation Summit.
Next month, the world’s largest meal-kit company is opening a new 25,500sqm manufacturing and distribution complex near Melbourne. Reportedly the largest such facility in Australia, the new ‘Tuckerbox’ will exemplify sustainability.
A seaweed-laced feed that curbs cows’ methane emissions by up to 99% is just one of the ‘green’ innovations at Pirie Meats’ new processing facility.
Four big trends are fuelling beverage innovation across the APAC region, and they’ve only been accelerated by the COVID-19 pandemic.