Nestlé is setting up its first plant-based food facility in Asia as part of $104 million China expansion plan

May 22, 2020
Emerging Ecosystems in Agrifood and Health More...
by Thomas Hayes
Very important

With the addition of this event, momentum around plant-based foods in China is reaching an upward inflection point. Just in the past month, Starbucks joined forces with Beyond Meat et al., KFC teamed up with Cargill, and Dao Foods formed an alliance with New Crop Capital. The signs are clear now: China is a growth market for plant-based foods and should be exploited. For those without a preexisting footprint in the region, there are low-risk, low-resource mechanisms to gain access, such as the China Food Tech Hub. Seeing how rapidly the plant-based space is evolving, we recommend moving swiftly.

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Further Reading

Dao Foods and New Crop Capital come together to launch plant-based foods incubator in China

News Commentary | April 24, 2020

It's another win for plant‑based foods in China, with this announcement coming in the same week Starbucks and KFC announced new plant‑based offerings in the region. This is not the first time Dao Foods and New Crop Capital have collaborated, with the pair recently investing in Shenzen‑based ... Not part of subscription

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Beyond Meat and PepsiCo form JV for plant-based snacks and beverages

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