Tag: Asia

Alternative protein startup Aleph expands presence in Asia through new partnerships with Thai Union, CJ CheilJedang

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 ASIA – Israeli-based cultured meat startup Aleph Farms is set to expand its presence in the Asia-Pacific region through a new partnership with global protein leader Thai Union and global food and lifestyle company CJ CheilJedang.  “As part of these agreements, Thai Union and CJ CheilJedang will help us accelerate our scale-up, go-to-market activities, and elevate distribution of cultivated meat in existing marketing channels across the APAC region,” Aleph Farms said in a statement.  Asia is leading the global food industry in supporting and adopting cell-cultured meats with Singapore becoming the first…

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Impossible Foods bolsters animal-free protein campaign with planned launch of plant-based pork in Asia, US

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CHINA – Impossible Foods, one for the largest alternative protein companies, is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year in what can be seen as the latest attempt yet to rid the world of animal proteins.   The California-based company said the ground minced pork substitute would be available in 120 restaurants in Hong Kong from Oct 4. The product will also be sold in some Hong Kong grocery stores as ready to eat meals.   Hong Kong market is a natural launching pad for Impossible Foods as…

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Tolaram eyes Asia’s alternative protein market after success with noodles in Africa

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SINGAPORE – Singapore-based multinational conglomerate Tolaram is eyeing Asia’s lucrative alternative proteins market after achieving success in Africa with its instant noodle brand Indomie.  Tolaram New Business Development Manager Avinash Aswani revealed in an interview with Food Navigator that the company had plans to start off its base in Singapore which already has a thriving food innovation ecosystem.  “[The alternative protein space] is developing rapidly in Singapore thanks to strong government support so there are many related companies based here,” said Aswani.   “[The first move we have made here] is…

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Tyson foods launches plant-based products in Asia as BiH dairy producers gear up for Chinese market

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ASIA – Tyson Foods, the world’s second-largest processor and marketer of chicken, beef, and pork, has launched a new line of plant-based meat alternatives across the Asia Pacific to take advantage of increased demand in the region. The launch under the company’s First Pride brand marks the first time Tyson Foods is introducing plant-based products in the region. First Pride brand is however not new to consumers in the region as Tyson has offered frozen chicken, beef, and fish products under the brand in Malaysia for nearly 15 years. According…

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Proterra Asia expands presence in dairy sector with new investments in yogurt and oat milk businesses

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ASIA – Proterra Investment Partners Asia has expanded its presence in Asia’s dairy sector by investing undisclosed amounts into the high-growth oat milk and yogurt segments. The private equity’s first investment was made into Simple Love (also known as Jian Ai), a fast-growing fresh yogurt brand in China, focusing on the premium low-temperature segment. Simple Love has grown to 2 percent market share (6th largest) in China, with sales growing at a compound annual growth rate of 109 percent over the past five years based on the company’s sales data.…

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Cargill expands specialty tapioca starch offerings in Asia, to invest $25m in US soybean processing plant

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US — US agricultural commodities giant Cargill is partnering with Starpro, a key food grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The collaboration with Starpro is the latest move by Cargill to grow its specialty starch portfolio in Asia-Pacific, after announcing the expansion of a cold-water swelling starch line at its sweetener plant in Pandaan, Indonesia, as well as the construction of a modified starch plant in Songyuan, China. According to Cargill, the agreement will cover a full range of…

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Nestlé launches dairy free Milo in Asia, commits to protect region’s forest landscapes

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ASIA – Nestlé has launched its plant-based version of popular chocolate malt beverage, Milo in Asia in response to a rising tide of consumers preferring more dairy alternatives in their diet. This new version replaces the milk in the original recipe with almond and soy, but the other two core ingredients – malt and cocoa – remain the same. Its launch follows the roll out of a plant-based Milo powder in Australia in 2020, a launch that created huge excitement in the country where Milo was first introduced in 1934.…

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Nestlé’s new plant-based food processing facility in Malaysia to support alternative proteins adoption in Asia

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MALAYSIA – World’s largest food company Nestlé has inaugurated a new production site for plant-based burgers, schnitzels, mince, and more in Shah Alam, Malaysia in an effort to support the current wave of alternative protein foods that is currently happening in Asia. According to Nestlé, the new facility has the capacity to produce 8,000 tons of plant-based food a year and will supply both foodservice and retail with the new Harvest Gourmet brand. Plant-based diet is now in vogue in Asia just like in many other parts of the world…

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Asia’s online food delivery expected to continue upward trajectory as Covid-19 continues to spread

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GLOBAL – Lockdowns and other coronavirus-related restrictions provided a significant boost to online food delivery players in 2020. The surge in food delivery orders saw players hire more independent contractors as delivery couriers in an effort to cover more ground. In addition, cloud kitchens, which deliver straight from the kitchen to homes, also gained traction in Southeast Asia in the last one year. Food delivery platforms in all corners of the word experienced a surge in business, got higher valuations and attracted some of the largest investments in 2020. Although…

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Malaysian startup Food Market Hub raises US$4m to increase market share, expand into new markets

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MALAYSIA – Food Market Hub (FMH), a Malaysia-based food and beverages (F&B) procurement and inventory management startup has announced it has secured US$4 million in Series A round of funding. FMH which raised the funds in a round co-led by Go-Ventures and US-based investment firm SIG plans to use the fresh capital to increase its market share in Malaysia. The company also has plans to later expand into markets including Indonesia, Thailand, and Vietnam. Founded in 2017 by Anthony See and Shayna Teh, the company offers a cloud-based platform that…

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