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
Services:
CPG More...
Priorities:
“Better-for-You” Transformation More...
Activities:
Scale-up
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.

For the original news article, click here .


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