Australia

Australian Plant Proteins, which went into insolvency last year, has been acquired by investment firm My Co and will resume operations next month. My Co, the investment vehicle of the Paule Family Office, has taken over Melbourne-based…
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Magic Valley, a Melbourne-based producer of cultivated meat, has received A$100,000 in government funding to scale up production and drive down costs. Aussie food tech startup Magic Valley has secured A$100,000 ($62,800) from the…
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Canberra-based Nourish Ingredients has partnered with Chinese fermentation specialist Cabio Biotech to produce and distribute its precision-fermented fat alternative. Highlighting American fears of falling behind China in the biotech…
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The Aussie Plant Based Co has been acquired by Queensland-based Smart Foods, eight days after entering liquidation due to cashflow problems. It was only three weeks ago that Queensland-based vEEF introduced a new lineup of…
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Two new studies have found that plant-based meat can match or outperform beef on many nutritional fronts, while also making you full faster. A vegan mince product can have the the same protein quality and digestibility as conventional…
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Israel's Kinoko-Tech has partnered with Australia's Metaphor Foods to commercialise a range of mycelium protein products – including sausages, flapjacks and chips – down under. How would you like some fungi in your morning granola…
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In Australia, vEEF has introduced a new range of meat analogues that are priced lower than animal-derived meat, keying into consumer trends. Nearly a year after its merger with Love Buds, vEEF is rolling out a new range of plant-based…
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More than two in five Australians are reducing meat or don't eat it at all, with health a major consumption driver. But taste and price remain key challenges for plant-based meats. Australians are cutting back on meat due to health and…
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Australian startup Carbonaught has received financing from Better Bite Ventures for its low-emission agriculture tech, which sequesters carbon, fixes nitrogen and increases production through basalt. Carbonaught, an Australian agtech…
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Australia has a young but burgeoning precision fermentation sector, but to meet its potential, it needs a big helping hand from the government. It may only be home to six companies, but Australia's precision fermentation ecosystem is…
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Oat Milk Goodness, the Australian plant-based milk startup co-founded by cricketer Steve Smith, is to be acquired by Forbidden Foods. It now eyes an Indian expansion. Australian cricket may be on a break, but one of its greatest batters…
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Australia has unique advantages when it comes to pushing the future of protein technology forward, argues independent alternative protein think tank Food Frontier CEO Dr Simon Eassom. Food systems transformation is increasingly being…
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Despite a downturn in investment and economic contribution, sales of plant-based meat in Australia have grown from pre-pandemic levels, with a greater number of brands and a smaller price gap with conventional proteins. Food Frontier CEO…
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Australian hyper-fermentation company Cauldron Ferm has secured AU$9.5M ($6.25M) in Series A funding to build a large-scale facility to manufacture high-value ingredients through precision fermentation. A year after closing a large…
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Australia has become a global leader in alternative proteins, says Food Frontier's Simon Easson, with the country witnessing a surge in innovation, government support, and market strategies. From shifting policies to groundbreaking…
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At a major APAC food tech conference in Singapore last month, I spoke to four alt-meat founders from India, China, the Philippines and Australia to find out what Asian consumers want from plant-based meat products. Last month, as part…
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Better Bite Ventures has announced investments in three APAC food tech startups as part of its early-stage First Bite initiative and has opened applications for the next funding round. The three startups part of the latest First Bite…
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At this week's South by Southwest (SXSW) Sydney tech conference, Australian plant-based meat companies v2food and Nourish Ingredients debuted new ingredients that change the colour of vegan meat alternatives and give them a more realistic…
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As Australians eat less meat, vegan companies All G Foods' Love Buds and Fenn Foods' vEEF have announced the formation of The Aussie Plant-Based Co. The two brands will see access expanded to 6,000 distribution points, while All G Foods…
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Australian precision fermentation startup Eden Brew – co-owned by the country's largest dairy cooperative, Norco – has closed a $24.4M Series A funding round. The company has developed what it calls a "world-first" animal-free casein…
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Australia's national science agency, CSIRO, has published a comprehensive report proposing a major shift in Australia's food production and consumption strategies to bolster the nation's sustainability efforts. The agency's report,…
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