Browsing tag

plant based dairy

Chilean Plant-Based Food Tech NotCo To Hit US$250M Valuation

3 Mins Read Santiago-based plant-based meat and dairy maker NotCo will soon be worth US$250 million after reports that it is about to close an US$85 million funding round. Since the launch of its plant-based mayonnaise product, the brand has developed vegan milk, ice cream and burgers. Having a strong presence in Latin America, the food tech hopes […]

Nestlé Is Launching A Vegan Carnation Condensed Milk Made From Oats

3 Mins Read Swiss food manufacturing giant Nestlé has announced that it plans to launch a non-dairy version of the famous condensed milk product under its brand Carnation. Rolling out in three major retailers in the U.K. later this year, the move comes amid a tidal wave of mainstream brands introducing vegan-friendly products to cater to the fast-growing […]

Plant-Based Milk Maker Oatly Raises US$200M In Celeb-Studded Blackstone-Led Round At US$2 Bil Valuation

3 Mins Read Oatly, the Swedish plant-based oat milk maker, has just announced that it has drawn a US$200 million investment from Blackstone Growth, a group under multinational financial services giant Blackstone, and some of the biggest names in entertainment such as Oprah Winfrey, Natalie Portman, and Starbucks’ chief executive Howard Schultz. The news comes amid a wave […]

Grounded Foods Secures US$1.74M Seed Funding For Fermented Vegan Cheese

3 Mins Read Los Angeles-based vegan cheese maker Grounded Foods has recently announced that it has closed a US$1.74 million seed funding round led by alternative protein venture capital Stray Dog Capital. The startup says it will be using the capital to scale-up production and distribution of its fermented cauliflower and hemp seed plant-based cheeses.  Announced on Monday […]

Dairy Industry May Be Wiped Out By Coronavirus Crisis & Rising Plant-Based Trend

3 Mins Read Dairy farmers are now in the midst of an existential crisis as the coronavirus continues to wreak havoc on the industry while consumers keep shifting to plant-based alternatives. Even with billions of dollars provided by stimulus packages, analysts say that key global exporters of dairy will still be facing major declines in demand that producers […]

Chinese Confectionery Firm Multizen Invests In Vegan Dairy Startup Ripple Foods

3 Mins Read Multizen, one of the largest B2B confectionery and snack companies in the Greater China region, has recently announced investment into Californian vegan pea-based dairy brand Ripple Foods. It marks Multizen’s first sustainable impact investment into startups providing disruptive food solutions and comes as the plant-based trend takes off in Asia.  Leading OEM confectionery and snack […]

Secret Ingredient: Motif FoodWorks To Replicate Animal Fat For Plant-Based Meat & Dairy

3 Mins Read Motif FoodWorks, a Boston-based ingredient innovation startup, has just announced a new exclusive research collaboration with University of Guelph in Canada and founder of food tech Coasun Inc. and food science professor Dr. Alejandro Marangoni. The partnership will see the development of novel technologies to formulate lipids and other fibre-forming ingredients to help recreate the […]

Danone Aims To Double Plant-Based Sales To US$5.4 Billion By 2025

2 Mins Read French multinational food giant Danone is planning to dramatically increase its plant-based sales worldwide to capitalise on the fast-growing market. In a new statement, the company announced that it is creating a dedicated Plant-Based Acceleration Unit to help it expand into a number of vegan categories and pivot its existing brands into the sector.  Danone […]