It may be smaller than previous rounds; but with another big-name backer on board and demand rising, the plant-based protein maker still has plenty to be happy about.
The Korean chemical giant’s Singapore agribiz hub will “pioneer solutions for the world food supply chain through innovation, not just plain food trading,” its CEO tells AFN.
Mail order, frozen, plant-based chicken nuggets… Before we met Ben Pasternak, the founder of SIMULATE (formerly NUGGS), this would have sounded like the worst idea ever.
The proteins are derived from exotic fruits and are tinkered with using Joywell’s fermentation tech to transform them into products suitable for the food industry.
For the first time, home cooks in China will be able to purchase Beyond Meat’s plant-based products off the shelf, starting with Alibaba’s ‘new retail’ supermarket chain Freshippo.
The Good Food Institute Asia-Pacific has also named who it believes to be the top 35 alt-protein investors in the region, and calls for more upstream focus on areas like raw materials.
Less than 1% of the plant kingdom’s phytonutrients have been identified or studied, despite their prevalence in our diets. Brightseed wants to change that and help companies like Danone to ensure those that are beneficial are available in their food products.
The US company had earlier partnered with Starbucks to offer its plant-based products in the country, while KFC previously trialed alt-protein from Cargill.
The Swiss multinational plans to build a factory producing plant-based foods in Tianjin, joining a growing list of alt-protein businesses setting up shop in the country.
FoodShot Global explains the four pillars of its Precision Protein Innovation Map that will provide a roadmap for addressing the world’s protein needs. Applications and nominations are now open for this new FoodShot.
While other investors are tightening their purse strings as the Covid-19 pandemic sweeps the world, Jerusalem Venture Partners has neither stalled nor scrapped its new plant-based protein deal.
KFC Plant-Based Chicken Nuggets go on sale today for a limited period, as Cargill and other alternative protein makers jostle for pole position in Asia.
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