European alt-meat and alt-dairy company Naturli’ Foods has opened a manufacturing facility in Sydney’s North Rocks in partnership with Botany Group. The two companies said Australia is the third-fastest growing vegan market worldwide with consumer spending on plant-based meats projected to reach $3 billion by the year 2030. The joint venture will manufacture Naturli’ plant-based mince along with the company’s plant-based burgers, Chick’n Style mince and a range of other products for sale in supermarkets nationwide.
Meat industry giants are diversifying their portfolios by including investments in alternatives to conventional meat
Quotes from GlobalData, April 11, 2024 The emergence of plant-based substitutes and the introduction of lab-grown, also referred to as 'clean', meat replacements are developments that are closely monitored by major meat...