Traditional food manufacturers tap growing appetite for plant-based products
June 13, 2023
Article from The Business Times reported that with the global plant-based movement on the rise, more traditional food manufacturers in Singapore are developing plant-based product lines to tap new revenue streams and enter overseas markets. Enterprise Singapore has also seen more companies tapping shared facilities and services in Singapore for research and development (R&D). This includes the Food Innovation and Resource Centre (FIRC) at Singapore Polytechnic (SP), as well as FoodPlant and Monde Nissin’s Green Protein Hub, both of which provide infrastructure to help food manufacturers enter the alternative protein space. Home-grown satay manufacturer Jumain Sataysfaction participated in the Meatless Meat Challenge in 2022, an initiative organised by Enterprise Singapore, the Singapore Food Manufacturers’ Association and SP’s FIRC. The challenge, which took place across six months, aimed to help local food enterprises develop alternative meat products. Jumain worked with a team of students from SP to conceptualise and commercialise a plant-based meat satay, dubbed Soveg.
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Source: The Business Times © SPH Media Limited. Permission required for reproduction.