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Why talk of 'peak veganism' is unhelpful
From the Executive Director's desk
On 7 August 2023 when the CEO of the leading US plant-based meat manufacturer Beyond Meat, Ethan Brown, told investors that net revenues had decreased 31% over the previous year, the media rushed to pronounce that we’d reached “peak veganism” and gathered further evidence of reduced sales, companies filing for bankruptcy, and consumers turning away from vegan products.
But we should be cautious of judging the current state and potential of a whole sector on association with a lifestyle or ideology such as veganism.
What you might have missed from AltProteins 23
Thomas King's opening presentation
Food Frontier's Founder & Chair, Thomas King's, opening remarks at the AltProteins 23 conference have been raved about. He talked about noise versus reality–why the negative noises about the future of alternative proteins are nothing compared to the extraordinary future ahead for these revolutionary ingredients and foods; and why humanity and the environment are counting on their success. If you missed it the first time, here's your chance to find out what everyone is talking about.
Are alternative proteins part of a healthy diet?
Discover the nutritional profile of plant-based and cultivated meat, read about the importance of fibre and better understand processed foods.
Securing the future of investment
Find out how to attract investors eager to engage in the industry despite the downturn, with insights from the experts themselves.
Food Frontier in the media
Food Frontier on stage at SXSW
The conversation around food and tech converged as Founder and Chair Thomas King moderated a session with the ‘meat makers'.
What is 'plant-based' food?
Food Frontier talked to the ABC about why 'plant-based' is a more consumer friendly and flexible term to use on packaging and menus.
The problem with methane
Executive Director Dr Simon Eassom explained how the alternative proteins industry is tackling climate change.
Research spotlight
Global climate change mitigation roadmap proposed
A major analysis has found that a global shift towards a plant-based diet and a reduction of industrialised animal agriculture could offset total greenhouse gas emissions by up to 68%.
The systematic literature review of 303 studies has proposed a global roadmap of mitigation strategies to address climate change, including: divestment away from industrialised animal agriculture, a shift towards a more plant-based diet, increased availabilities of plant-based alternatives and public information campaigns, and global standardisation of ESG measures.
Developments down under
Change Foods at COP28
Investments for APAC
Better Bite Ventures has invested in three APAC startups, including Australia-based Pivot Eat, which is working on plant-based whole-cut meat.
Major plant-based merger
All G Foods has announced its plant-based meat brand, Love BUDS, will merge with Fenn Foods' vEEF, forming 'The Aussie Plant Based Co.'
Animal-free fat to scale up
Magic Valley expands
Magic Valley has expanded into a new pilot facility at Co-Labs, which will increase production capacity up to 150,000kg of product per year.
Grant applications now open
Small to medium Victorian manufacturers can now apply for grants under Round 2 of the Made in Victoria – Manufacturing Growth Program.
Global developments
Plant-based action plan
Denmark has unveiled the world’s first national action plan for a transition to plant-based foods.
Increased plant protein in the EU
The European parliament has voted for a strategy that will boost plant protein production and consumption within the EU.
Crop sidestreams identified
The Good Food Institute's new report identifies commodity crop sidestreams best placed to become inputs for alternative protein products.
Who's hiring?
The employment opportunities continue to grow in the alternative proteins sector across Australia and New Zealand - check out the roles from:
Please share with your networks in case you know anyone suitable for these roles.
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