Australian sales of plant-based ‘alt-meats’ soar
Consumer demand for plant-based meat substitutes grew exponentially over FY2019-2020 according to a report by think-tank Food Frontier.
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?