Demand for meat-free food manufacturing
Demand for meat alternatives is high, with today’s consumers increasingly keen to reduce their carbon footprints and reap the health benefits associated with decreased meat consumption. The market for meat alternatives looks set to grow exponentially to US$17.4bn by 2027 and expansion into the plant-based market is a good opportunity for many manufacturers.
Boaz Noy and Moran Gendelman founded Nextferm in 2013, with a mission to develop yeast-based proteins and nutrients with fermentation technology. Its vegan protein powder, ProteVin, has almost the same nutritional value as animal protein. Protein is essential for a healthy lifestyle, so those abstaining from animal meat can enjoy ProteVin, knowing that they are getting the nutrients their body needs.
“NextFerm is an innovative food-tech company, develops improved microorganisms using a unique non- GMO, proprietary technology,” said Noy. “NextFerm's products are used for food, dietary supplements, brewers and animal feed markets. Led by team of proven-record pros, NextFerm is disrupting the food industry through biotech innovation.”
In their partnership, Nextferm will invest US$2m for the production setup in India, which will be ready for production later this year.
“The production setup that will be established in india will allow us to meet the growing demand for ProteVin, with a lower investment than planned with the ability to increase future capacity,” added Noy.
Vegan food manufacturing is sustainable
As the world’s population continues to rise, food manufacturers are looking for new ways to produce food, in a way that is sustainable and still tasty. While there is a strong appetite for meat and dairy, these trades produce far more emissions than plant-based foods.
Eating Impossible Foods - made from plants instead of animal meat - decreases the environmental footprint by using up to 88% less water, 77% GHG emissions and 47% less land.
Check out our Top 10 vegan food manufacturers here.