Australia’s national science organisation has teamed with national vegie producer Fresh Select to launch new food manufacturing company, Nutri V, which plans to process surplus fresh vegetables into powders, snack foods and more.
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.
CSIRO has joined forces with Pharmamark Nutrition to produce omega-3 oils from marine microorganisms, delivering a sustainable alternative to wild-fish sourcing of the health-promoting substance.
China online commerce giant Alibaba has predicted that the retail sector in China will see a boom in digitisation as well as a rise in healthy food options as a result of the COVID-19 pandemic outbreak.
A recent report from Complementary Medicines Australia shows the nation’s vitamin and supplements sector continuing to surge in domestic and export markets, especially across Asia.
Consumers are demanding more than just indulgence – they want a treat that’s healthy but still tasty; sustainable yet comes with an extended shelf life; is portable and size-proportioned; is Instagrammable; and comes with a story or purpose.