Quotes from Vegconomist, November 24, 2023
As highlighted in a recently published report by Asymmetrics Research, the Chinese alternative protein market landscape is experiencing a slower rate of investments in the sector this year. This can be attributed to challenges faced in fundraising efforts and the presence of unfavorable macroeconomic conditions.
Based on the report, it appears that the latest investment deals have primarily focused on startups in the fields of cell-based culture and fermentation.
The new report, now in its third edition, provides a comprehensive analysis of the market by setting the context and studying trends across various key categories. Furthermore, it offers valuable and up-to-date information on the rapidly changing market in China’s post-pandemic era.
In a recent report by Asymmetrics Research, it was predicted that the alt protein market in China would see significant expansion in 2021. This growth was primarily driven by the increasing popularity of flexitarianism and the growing concerns surrounding health, safety, and sustainability.
The latest report reveals that health remains the main focus in the plant-based category, with customers seeking discounts. Additionally, fermentation and cell-based foods are gaining traction in challenging economic and regulatory environments.
