Product terminology confusion is on the rise as plant-based milks, animal-free eggs and cell-cultured meats of various descriptions proliferate in markets worldwide.
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. The company is now valued at more than half a billion dollars.
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.
Increasingly, universities are picking up on the need for skills acquisiton in the alt-proteins space. From August, Singapore’s Nanyang Technological University will offer a two-year course exploring sustainable alternatives to conventional meat and key technologies in this emerging field.
Consumer demand for plant-based meat substitutes grew exponentially over FY2019-2020 according to a report by think-tank Food Frontier.
In a world-first, chicken meat created from cultured live chicken cells by US-based company Eat Just has been approved for commercial production in Singapore.
There are useful insights aplenty in the public talk sessions and post-Summit blogs from global alt-protein advocate The Good Food Institute’s inaugural APAC-focused summit.
AgFunder’s mid-year investment report has found that ‘innovative food’ start-ups, notably those in the alt-protein space, attracted more investment capital in the first half of 2020 than in the entire previous year.
Redefine Meat launched the world’s first plant-based, sustainable, 3D-printed ‘alt-steak’ product in June and plans to market-test it at high-end restaurants from later in 2020.
Insects have been much-touted lately as a healthy, sustainable source of alternative protein, spawning a swarm of start-ups. But just how viable is the sector’s growth potential in APAC?