NEWS COMMENTARY

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

Published:
May 22, 2020
Coverage:
Emerging Ecosystems in Agrifood and Health More...
Activities:
Scale-up
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.

For the original news article, click here .


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

Apeel raises another $30 million in funding for its edible coatings

News Commentary | November 06, 2020

This funding round, with investors like Temasek, International Finance Corporation (IFC), and Astanor Ventures, adds on to its previous $250 million funding to expand its edible coatings to smallholder farms in emerging markets including Africa, South America, and Asia. While Apeel's technology has ... Not part of subscription

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

News Commentary | January 27, 2021

Terms of the deal were not disclosed. The JV, called "The PLANeT Partnership," underscores how the line between SMEs and large corporations is blurring in the plant proteins space. Clients should expect other plant‑based meat companies to diversify their product portfolios into new categories, with ... Not part of subscription