The plant-based industry in Asia Pacific will need to further boost product diversification and hybrid innovation strategies it is to continue to grow amid a slowdown in the West.
The global food price crisis illustrates the need for key players in the food chain to bring forgotten and under-researched crops to the attention of markets and to consumers' tables, according to author Dan Saladino.
Regional-level collaborations and big brand influence are crucial to help Asia’s plant-based meat sector when it comes to diversifying the raw ingredients used and to help it truly prosper on the global stage.
TSI's Australia MD Ross Norris urged firms operating in China to diversify their sales channels, such as venturing into domestic manufacturing and trade, instead of betting all stakes on e-commerce.
