HONG KONG, June 22, 2020 - (ACN Newswire) - The Good Food
Institute Asia-Pacific (GFI APAC) today reveals the "2020 Asia Alt
100" organizations, together with a list of major investors
identified as the driving forces for Asia's rapidly growing
alternative protein industry. The raw materials and food production
segments present significant opportunities, especially for regional
industry players, according to GFI APAC's analysis.
|
GFI APAC Elaine
Siu |
The inaugural "Asia Alt 100" list published by GFI APAC identifies
the 100 top players in Asia's alternative protein industry, from
five building block segments, namely raw materials and ingredients,
food production, research and development, corporate partnership,
to end products. The research covers players in major markets in
Asia including mainland China, Hong Kong, Singapore, Japan and
South Korea. (Please see the full list in Appendix I)
Investment in alternative protein has been a major trend in the
food industry worldwide in recent years. While alternative protein
may still be in its infancy stage in Asia, compared to more mature
markets such as the U.S. where plant-based retail sales already
reached US$5 billion in value , there are unique opportunities in
the growing Asia market to be captured, and both corporates and
start-ups are clearly keen to compete for a share in this growing
segment. Out of the "2020 Asia Alt 100", over half (57%) are
corporates, 29% are start-ups, while the remaining 14% are academic
institutions.
"Coming from a background of very vibrant and diversified food
cultures, Asian consumers have a discerning palate and demand for a
great variety when it comes to food. For alternative protein to
truly become a protein solution for Asia, the industry needs to
move beyond importing technologies and brands from Silicon Valley.
We need homegrown players who understand and can cater to the local
markets' taste," says Elaine Siu, Managing Director of GFI Asia
Pacific.
"We have already seen local innovators and companies starting to
emerge in the past year with huge potential to lead the future
growth of this sector. With the Asia Alt 100, we have identified
the ones we see as the top disruptors in the industry which have
demonstrated that they are seriously committed to, and invested
into, growing the alternative protein industry."
The Asia Alt 100 is presented in GFI APAC's Asia Alternative
Protein Industry Map, which shows who these key players are and how
they work together, alongside a list of 35 key investors in the
field. Investors are another very important building block
propelling the developments of alternative protein in Asia. They
come from around and outside of Asia, including Singapore (10),
Hong Kong (6), Japan (5), mainland China (4), South Korea (1),
other southeast Asian countries (2) and outside of Asia (7).
Twenty-eight out of the 35 investors identified are venture capital
firms, while the remaining seven are accelerators. (Please refer to
Appendix II for the full list of investors).
According to Siu, "While major consumer brands and retailers
launching the 'next plant-based burger' have been getting the
spotlights, as the industry matures, we have seen investors showing
increasing interests in raw materials and ingredients suppliers and
B2B companies." Both raw materials and production are integral
parts of the alternative protein value chain, but the market is
only just catching up on discovering the opportunities that lie in
the upper stream. For example, currently Asian countries such as
China and Indonesia are heavily growing plant-based protein's raw
materials such as soybean and peas, while approximately 50% of the
global supply of soy protein is being processed in mainland China,
mainly in the Shandong and Henan regions.
Currently, about half (58%) of the raw material and ingredient
suppliers in the 2020 Asia Alt 100 list are originated in Asia. If
more homegrown players from Asia will enter the market to leverage
the proximity to raw materials and processing capabilities, the
industry as a whole can potentially bring down production costs to
make alternative protein more affordable to Asian consumers and
accelerate the development of the alternative protein sector in
Asia.
Siu concludes: "We are currently at an exciting phase of
accelerating growth in the alternative protein in Asia. It is
expected that more and more Asian companies will enter the industry
as the local players start to realize the competitive advantage
they have in growing raw materials, processing ingredients, local
distribution network, supply chain infrastructure, and of course,
in creating products that are tailored to the variety of Asian
palate and culture."
Note:
The team at GFI APAC is in a unique position to have their finger
to the pulse of the industry. Day in day out the team is consulted
by startups (in many cases even before they formed their founding
team), corporates, investors, scientists, and policymakers, free of
charge. Being privy to and trusted with invaluable information, the
GFI APAC team has the inside track to identify the top players that
have demonstrated that they are seriously committed to, and
invested into, growing the alternative protein industry, and
deserve a place in the "Asia Alt 100" list.
Details of the scope of this study are as follows:
- Regions
Included: Major markets in Asia e.g. Singapore, mainland China,
Hong Kong, Japan, South Korea.
Excluded: India
- Businesses
Included: Raw materials and ingredients, food production, research
and development, and corporate partners. In line with our goal to
increase transparency and awareness of the makers in the supply
chain.
Excluded: Retailers and food service providers.
- Local Presence
Included: Companies incorporated in Asia, and companies
incorporated outside of Asia but have built a local presence or
otherwise invested significantly in Asia.
Excluded: Companies incorporated outside of Asia and without a
local presence or significant investment in Asia, notwithstanding
that their products may be available in Asia via distributors.
Mapping the Industry
This year, GFI APAC presents the 2020 Asia Alt 100 alongside 35
investors on the Asia Alternative Protein Industry Map to showcase
not only the who's who of this sector but how they work together.
Please view the full map at the following link:
http://www.gfi-apac.org/asia-alt-100/
About The Good Food Institute (GFI)
The Good Food Institute is an international non-profit building a
sustainable, healthy, and just global food system. With unique
insight across the scientific, regulatory, industry, and investment
landscape, we are accelerating the transition of the world's food
system to alternative proteins using the power of food innovation
and markets. For more information, please go to:
http://www.gfi-apac.org/
Media Contact
Viola Chen
Direct: +852 5426 0552
Email: violac@gfi.org
Investor Contact
Elaine Siu
Direct: +852 9872 1690
Email: elaines@gfi.org
Appendix I: 2020 Asia Alt 100 - Full List (by alphabetical
order)
1. AAK https://www.aak.com/
2. ADM https://www.adm.com/
3. Agency for Science, Technology and Research (A*STAR)
https://www.a-star.edu.sg/
4. Avant Meats http://www.avantmeats.com/
5. Avebe https://www.avebe.com/
6. Awano Food Group http://awanofood.com/
7. Axiom Foods http://axiomfoods.com/#
8. Baicaowei https://www.vipbcw.com/
9. Beijing Technology & Business University
http://english.btbu.edu.cn/
10. Betagro Group http://www.betagro.com/intro
11. Beyond Meat https://www.beyondmeat.com/
12. Buhler
https://www.buhlergroup.com/content/buhlergroup/global/en/homepage.html
13. Calysta http://calysta.com/
14. Cargill https://www.cargill.com/
15. Cellivate Technologies https://www.cellivate.xyz/
16. Charoen Pokphand Foods https://www.cpfworldwide.com/en/home
17. DAIZ https://www.daiz.inc/
18. Danisco (China) Investment
https://www.bloomberg.com/profile/company/ACHDOZ:CH
19. DSM https://www.dsm.com/corporate/home.html
20. Duoning Biotech https://www.duoningbio.net/
21. DuPont https://www.dupont.com/
22. Fuji Oil https://www.fujioil.co.jp/en/index.html
23. Givaudan https://www.givaudan.com/
24. Glico Nutrition https://www.glico.com/nutrition/en/
25. Growthwell Group http://growthwellfoods.com/
26. Hey Maet http://heymaet.com/
27. Hongchang Biotech (Suzhou) http://en.hongchangfood.cn/
28. Impossible Foods https://impossiblefoods.com/
29. Ingredion https://www.ingredion.com/
30. Integriculture https://integriculture.jp/?locale=en
31. Japan Science and Technology Agency (JST)
https://www.jst.go.jp/EN/
32. Jiangnan University http://english.jiangnan.edu.cn/
33. Jinnong http://www.jinnongbio.com/html/en/
34. Jinzi Ham https://www.reuters.com/companies/002515.SZ
35. JUST https://www.ju.st/en-us
36. Kagoshima University https://www.kagoshima-u.ac.jp/en/
37. Karana https://eatkarana.com/
38. Kerry https://www.kerrygroup.com/
39. KosmodeHealth https://kosmodehealth.com/
40. Lesaffre https://www.lesaffre.com/
41. Let's Plant Meat https://www.letsplantmeat.co/
42. Life 3 Biotech https://www.life3.co/
43. Loma Linda https://atlanticnaturalfoods.com/loma-linda/
44. Marvelous Foods https://marvelousfoods.com/
45. Mitsui Co https://www.mitsui.com/jp/en/index.html
46. Monde Nissin https://www.mondenissin.com/
47. Nanjing Agricultural University http://english.njau.edu.cn/
48. Nanjing Zhouzi Future Food
http://www.js.xinhuanet.com/2020-01/22/c_1125492974.htm
49. Nanyang Technological University (NTU)
https://www.ntu.edu.sg/Pages/home.aspx
50. National University of Singapore (NUS)
http://www.nus.edu.sg/
51. Nestle https://www.nestle.com/
52. NH Foods https://www.nipponham.co.jp/eng/
53. Ningbo Sulian Food https://tinyurl.com/yavte3nz
54. Nishimoto Co. https://www.wismettac.com/en/index.html
55. Nissin Foods https://www.nissin.com/en_jp/
56. Omni Foods https://omnipork.co/
57. Otsuka Food https://www.otsuka.com/en/rd/consumer/
58. Pepsico https://www.pepsico.com/
59. PFI Foods http://www.pfifoods.com/
60. Phuture Foods http://phuturemeat.com/
61. Phyto Corporation https://www.phytoco.com/
62. Pulmuone https://www.pulmuonefoodsusa.com/
63. Quorn https://www.quorn.co.uk/about-quorn/protein
64. Robobank
https://www.rabobank.com/en/home/index.html?languageDoesNotExists=zh
65. Roquette https://www.roquette.com/
66. Shanxi Nutranovo http://www.nutranovo.com/
67. Shinshu University https://www.shinshu-u.ac.jp/english/
68. Shiok Meats https://shiokmeats.com/
69. Shuangta Food http://en.shuangtafood.com/
70. SiCell https://tinyurl.com/y7wav6nj
71. Sophie's BioNutrients
https://www.linkedin.com/in/eugene-wang-2957b86/
72. South China University of Technology
https://www.scut.edu.cn/en/
73. SPC Samlip http://www.spc.co.kr/spc/eng/group/GF_samlip.spc
74. Starfield https://www.starfieldcn.com/
75. Sumitomo Corporation https://www.sumitomocorp.com/en/jp
76. Supersun http://supersunvegefood.lk/
77. Tereos https://tereos.com/en/#
78. TerViva https://www.terviva.com/
79. The Chinese University of Hong Kong
https://www.cuhk.edu.hk/english/index.html
80. The PlantEat https://theplanteat.github.io/
81. Tianjin Norland http://www.norlandbiotech.com/
82. Tokyo Medical and Dental University
http://www.tmd.ac.jp/english/
83. Tokyo Women's Medical University
http://www.twmu.ac.jp/english/
84. Toriyama Chikusan Shokuhin https://umami-wagyu.com/
85. Triton Algae Innovation https://www.tritonai.com/
86. Tupac.Bio https://tupac.bio/index.html
87. Turtletree Labs https://turtletreelabs.com/
88. UCDI https://www.co2.co.jp/english/
89. University of Tokyo https://www.u-tokyo.ac.jp/en/
90. Unlimeat https://tinyurl.com/yap9cygn
91. Veego https://tinyurl.com/ycz8f6ody
92. Vegetari Healthy Bites https://www.vegetari.ph/
93. Vesta http://www.vestafoodlab.com/
94. Whole Perfect Food / Qishan
http://www.qishanfoods.com/index.html
95. Wilmar International https://www.wilmar-international.com/
96. Worth The Health Foods https://www.wthfoods.ph/
97. Z-Rou http://www.z-roumeat.com/
98. Zero Meat https://zeromeat.jp/
99. Zhen Meat https://zhenmeat.com/en
100. Zikooin https://zikooin-market.com/
Appendix II: Key investors - Full List (by region)
1. Brinc Hong Kong https://www.brinc.io/
2. Green Monday Ventures Hong Kong
https://greenmonday.org/en/ventures/
3. Horizons Ventures Hong Kong
https://www.horizonsventures.com/
4. Lever VC Hong Kong https://www.levervc.com/
5. Vectr Ventures Hong Kong https://vectr.co/
6. VU Venture Partners Hong Kong
https://www.vuventurepartners.com/
7. Bits X Bites. Mainland China http://www.bitsxbites.com/
8. Dao Foods Mainland China https://www.daofoods.com/
9. Joy Capital Mainland China http://www.joycapital.com.cn/en
10. Matrix Partners China Mainland China
https://www.matrixpartners.com/
11. Beyond Next Ventures Japan
http://beyondnextventures.com/en/
12. Glocalink Japan https://en.glocalink.com/
13. Hiroshima Venture Capital Japan https://www.h-vc.co.jp/
14. RealTech Fund Japan https://www.realtech.fund/en/
15. Yakumi Investment Japan https://www.yakumi.co/
16. Big Idea Ventures Singapore https://bigideaventures.com/
17. DSG Consumer Partners Singapore https://dsgcp.com/
18. Germi8 Singapore https://www.germi8.com/
19. GROW Singapore https://www.gogrow.co/
20. Hatch Singapore https://www.hatch.blue/
21. ID Capital Singapore https://www.idcapital.com.sg/
22. Innovate 360 Singapore http://innovate360.sg/
23. Makana Ventures Singapore https://www.makanaventures.com/
24. Temasek Singapore https://www.temasek.com.sg/en/index
25. VisVires New Protein Singapore
https://www.visviresnewprotein.com/
26. Mirae Asset Global Investments South Korea
https://www.am.miraeasset.com/
27. Space-F Other SEA https://www.space-f.co/
28. Thai Union Other SEA https://www.thaiunion.com/en/home
29. Agfunder Out of Asia https://agfunder.com/
30. Artesian Capital Out of Asia
https://www.artesianinvest.com/overview-vc
31. Blue Horizon Out of Asia https://www.bluehorizon.com/
32. New Crop Capital (NCC) Out of Asia
https://www.linkedin.com/company/new-crop-capital/
33. Tyson Ventures Out of Asia
https://www.tysonfoods.com/innovation/food-innovation/tyson-ventures
34. Unovis Partners Out of Asia https://www.unovis.vc/
35. VegInvest Out of Asia https://www.veginvesttrust.com/
Source: The Good Food Institute Asia-Pacific (GFI APAC)
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