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.
Four big trends are fuelling beverage innovation across the APAC region, and they’ve only been accelerated by the COVID-19 pandemic.
Online pre-sales of Australia’s first plant-based, certified-organic infant and toddler formulae are strong, at home and worldwide. The bad news? The formulae’s base ingredient, certified-organic rice, must be imported from the Middle East as it’s not available in Australia.
All-Australian manufacturer McKenzie’s Foods has expanded its range of flours on the back of the pandemic-lockdown-related home baking boom and increasing health-consciousness in consumers.
A new brand of nut milk, lower in calories, oil and sugar than oat milk and using less water to produce than almond milk, has gone gangbusters in the hip cafes of America’s metropolises.
Consumer demand for plant-based meat substitutes grew exponentially over FY2019-2020 according to a report by think-tank Food Frontier.
Australia’s longest-running biscuit manufacturer is diversifying into the lucrative snack foods and cereals space, forging a deal to buy a 75 per cent interest in local health-food manufacturer Diver Foods just two months after its purchase of Freedom Foods.
In the lead-up to its inaugural Food Systems Summit, scheduled for September 2021, the United Nations is gathering input from a broad array of stakeholders to flesh out the Summit agenda. The Summit focus is on developing more resilient, sustainable and equitable global food systems.