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Plant-based, better-for-you alternatives, and functional snacks dominate the latest accelerator cohort in Australia led by a Woolworths-backed accelerator.
The burgeoning plant-based dairy sector in China will need to quickly shift from its first generation focus on emotions and sensory properties to more functional innovation in order to ensure continued growth in the local market.
Thailand’s Eatvolution has developed a chickpea rice alternative that is richer in nutrients and lower in carbohydrates as it seeks to entice increasingly health-conscious consumers as well as diabetic patients.
Tetra Pak believes that food and beverage brands today need to meet consumers’ increasing emotional needs in terms of feeling ‘empowered’ when making purchasing choices, such as offering them innovative product options that are healthier or more sustainable.
The APAC plant-based dairy industry believes that controversy surrounding the use of dairy terms for plant-based product labelling is unlikely to happen in this region despite contention in other markets, citing differences in local consumption drivers as a major factor.