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

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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Plant-based meat biggest winner of alternative protein boom in 2020, achieves US$1.4bn in sales

GLOBAL – The plant-based meat category experienced a boom in 2020 thanks to a raging pandemic that impacted supply chains of conventional meat leading to consumers discovering new brands on store shelves. According to a recently released SPINS data by the Good Food Institute and the Plant-Based Foods Association (PBFA), the Plant-based meat had US$1.4 billion in sales, growing 45% overall compared to 2019 and making up 2.7% of all U.S. retail packaged meat sales. Refrigerated plant-based meat sales saw the highest growth percentage, up 75% in 2020, according to…

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

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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Multi-brand plant-based platform LiveKindly Collective raises US$335M to accelerate expansion into US

US – LiveKindly Collective, a multi-brand plant-based platform, has raised US$335 million in its latest funding round led by The Rise Fund, which is the global impact investing platform managed by TPG. Food Dive reported that the funding round which was closed in late March included new funds from existing investors such as Rabo Corporate Investments and S2G Ventures. Money from this round, according to a company, will be used to accelerate LiveKindly Collective’s brands into new geographic locations — including the U.S. and China. It will also be used…

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US cheese maker Bel launches plant-based brand as PepsiCo refreshes its own to attract more customers

US – Competition in the US plant-based market is set to rise even higher following the decision by US-based French cheesemaker Bel Group and beverage company Pepsico to intensify their activity in the plant-based market. Bel Group is launching Nurishh, the company’s first 100% plant-based cheese brand while PepsiCo is overhauling its own plant-based brand, Evolve in bid to make it a household name “Nurishh really delivers on both taste and functionality. It strikes the balance between genuine cheesy taste and meltability, while also giving the comfort of being a…

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Eat Just gets US$200M investment as doomsday for dairy and meat proteins inches closer

US – Alternative proteins startup, Eat Just has raised US$200 million in a funding round led by the Qatar Investment Authority (QIA) and participated in by Charlesbank Capital Partners and Vulcan Capital. This investment round raises the amount that the startup has raised to date to US$650 million, and will lead to representatives from the QIA and Charlesbank joining Eat Just’s board. Eat Just is probably the only company right now making animal alternative products in two diverse formats — both plant-based and cell-based — and this funding is likely…

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Benson Hill doubles down on plant-based ingredients as research shows US$3.1Bn was invested alternative proteins in 2020

US –   Alternative protein ingredients company Benson Hill is launching two new business segments — Ingredients and Fresh — to help it meet growing demand for plant-based foods. The Ingredients unit will use Benson Hill’s work developing a genomic map for yellow pea to create new varieties. The company says its new products will have reduced off-flavors, higher protein content and will require less water, energy, and money to produce. The Fresh segment will develop and commercialize differentiated produce and functional foods by applying Benson Hill’s CropOS technology platform to…

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RCL Foods makes plant-based food more accessible in Africa through newly formed JV

SOUTH AFRICA – South African consumer goods company, RCL Foods has formed a plant-based joint venture with US-based alternative foods supplier LIVEKINDLY Collective. This comes amid a growing consumer interest in plant-based foods and more sustainable living globally. According to RCL Foods, the establishment of the local JV, LIVEKINDLY Collective Africa has already been approved by the Competition Commission. It will market, sell and distribute all of LIVEKINDLY Collective’s brands – including the well-known local Fry Family Food Co. and the international brands LikeMeat and Oumph! – in South and…

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Meatless Farm, Barvecue to build new plant-based facilities in North America

CANADA/US – Plant-based companies Meatless Farm and Barvecue have announced plans to build new facilities for their respective business in North America. Meatless Farm, a UK based firm, said that it is building a new facility in Calgary, which will have the capacity to produce up to 14,500 tonnes of plant protein ingredients by 2023. The company says its facility with an initial investment of US$12 million will be the first-of-its-kind in Canada and will enable the UK firm expand into producing customised plant proteins for selected external partners across…

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Oatly to build plant-based oat drinks factory in UK as Arla Foods proposes closure of creamery site

UK – Swedish vegan brand Oatly has unveiled plans for a new plant-based dairy manufacturing plant in Peterborough at a time when Arla Foods is contemplating closure of its Trevarrian Creamery in Cornwall. For Oatly, the facility which is expected to be completed in early 2023 and create over 200 jobs would be its first in the United Kingdom. The company has partnered with food and drink capital investment firm Integrated Food Projects to build its new facility. The facility,accordin to the Swedish company, will be able to produce 300…

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