Singapore’s thriving food eco-system in addition to its ambitious food security goals were key factors behind Givaudan and Buhler’s decision to open a joint Protein Innovation Centre in help businesses and researchers develop plant-based foods.
Plant-based meat firms in Australia need to overcome production hurdles and increase volumes in order to achieve price parity with traditional meat products and better appeal to cost-conscious Asian markets.
Greek-Canadian plant-based cheese firm Nafsika’s Garden has set its sights on the Middle Eastern market, looking to take advantage of the home-cooking and vegan consumer trends in the region, with India also on its hitlist.
Nestle Malaysia has pegged product affordability and versatility as its main plant-based strategies amid the official launch of the firm’s first ever plant-based production facility in the ASEAN region.
Philippines MNC Century Pacific is adopting parallel B2B/B2C retail plans for its new plant-based brand unMEAT, with a focus on simplicity and affordability as it eyes international markets from ASEAN to the Middle East.
Ingredient suppliers are innovating in the delivery of mouthfeel and texture in plant-based products such as milk, snacks and meat, as interest in flexitarian, vegetarian and vegan diets continue to grow across APAC.
Australian F&B brands and retailers will need to ensure their business strategy encompasses sustainability, affordability and the identification of a right niche if they wish to achieve growth in what looks to be a ‘tough year ahead’, according to...