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Female founders from New Zealand recognised on Forbes 30 under 30 Asia list

Mrinali Kumar and Emily McIsaac. Images supplied.

Two Female Alt Protein Founders From New Zealand Named on Forbes 30 Under 30 Asia List

Two female founders of New Zealand-based alternative protein companies have been named on the Forbes 30 Under 30 Asia 2025 list. Mrinali (Milli) Kumar, co-founder and CEO of EatKinda, was recognised in the Arts category, while Emily McIsaac, co-founder and COO of Daisy Lab, was named in the Industry, Manufacturing & Energy category. About EatKinda EatKinda is claimed to be the world’s first cauliflower ice cream brand, and was co-founded by Kumar and plant-based chef Jenni Matheson. It upcycles cosmetically imperfect cauliflower into a frozen dessert free of dairy, gluten, nuts, and soy. EatKinda launched at New Zealand supermarkets in 2023, gaining national distribution and international interest. The products are packaged in 100% home-compostable tubs. The brand is now scaling into the US market, and …

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KMC

© KMC

Danish Starch Producer KMC Signs UK Deal with Daymer Ingredients

Danish potato starch producer KMC has signed a new distribution agreement with UK-based Daymer Ingredients to increase the availability of its clean-label and specialty starch products within the British food manufacturing sector. Under the agreement, Daymer will distribute KMC’s native potato starches, with plans to expand the offering to include modified and functional starches tailored for specific industrial food applications. The collaboration is expected to support manufacturers seeking plant-based and allergen-free alternatives to traditional animal-derived ingredients such as eggs, gelatine, and dairy proteins. A natural fit for UK growth According to Adam Shaw, KMC’s country manager for the UK and Ireland, the agreement will help the company establish a stronger presence in the region. “When the opportunity arose to engage with Daymer Ingredients, it was …

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Odd Burger Corporation-Odd Burger Set to Open Record Number of locations

Famous Burger by Odd Burger (CNW Group/Odd Burger Corporation)

Odd Burger Secures Distribution Deal With Dot Foods Canada

Vegan fast-food chain and food technology company Odd Burger has announced that its manufacturing division, Preposterous Foods Inc., has secured a distribution deal with Dot Foods Canada. Through the deal, Odd Burger’s products will become available to hundreds of distributors across the country. Five retail products — the ChickUn Fillet, Smash Burger, Chickpea Burger, ChickUn Pretenders, and Breakfast Sausage — will initially be offered. Odd Burger says the partnership will allow it to better serve national grocery and restaurant chains through a convenient distribution channel and national pricing program. Dot Foods Canada was founded in 2016 and is a wholly owned subsidiary of Dot Foods Inc. The company, which has distribution centers in Ingersoll and Calgary, lists more than 3,300 products from over 100 suppliers …

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Veganz Mililk

© Veganz Group

Veganz Reports Significant Loss Reduction But Decline in Revenue for 2024

German plant-based food producer Veganz Group AG has published its financial results for 2024, indicating a significant loss reduction compared to 2023. EBITDA was €-2.4 million, compared to €-6.3 million the previous year; this was due to cost-saving measures and one-off income from the capitalisation of a receivable resulting from a capital increase in 2023. Net loss for the period was €4.8 million, down from €9.5 million in 2023. In 2024, Veganz focused on transforming itself into a holding company with five brands — Veganz, Happy Cheeze, Mililk, Peas on Earth, and Orbifarm. Due to focused investment, in-house production turnover increased by 166% compared to the previous year. Decline in sales However, these portfolio optimisation measures led to a decline in sales in the old …

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PLANTA queen

© PLANTA

Planta Files for Chapter 11 Bankruptcy Protection Amid Declining Consumer Spending

Plant-based restaurant chain Planta, along with its parent company CHG US Holdings and 17 affiliates, filed for Chapter 11 bankruptcy protection on May 12, 2025, in the US Bankruptcy Court for the District of Delaware. The company cited the need to restructure its operations and reduce costs, amid declining consumer spending on dining out in the US. Steps to improve financial stability According to The Street, the bankruptcy filing by CHG US Holdings reported assets of between $50,000 and $100,000, with liabilities ranging from $10 million to $50 million. Planta described the filing as a strategic move to streamline operations and improve its financial standing, according to a statement published by Reuters. Planta operates 18 locations across major cities such as New York, Chicago, Los …

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selection of legumes

© Ingredion

Ingredion Improves Full-Year Outlook Following Strong Q1 Results

Ingredion, a global provider of ingredient solutions for food and beverage manufacturing, has reported strong financial results for the first quarter of 2025. Q1 reported and adjusted operating income increased by 30% and 26% respectively compared to the prior year period. Reported and adjusted earnings per share (EPS) were $3.00 and $2.97, compared with $3.23 and $2.08 in Q1 2024. Full-year reported EPS is now expected to be in the range of $10.93 to $11.63, while adjusted EPS is predicted to be in the range of $10.90 to $11.60. Ingredion notes that its Texture & Healthful Solutions segment saw a 34% increase in operating income in Q1; this was driven by strong sales volume across all geographies, especially for clean-label solutions. The segment previously experienced …

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Bunge soy protein

© Bunge

Bunge Introduces New Soy Protein Concentrates and Expands Production Capacity

Bunge has introduced a new line of soy protein concentrates at IFFA, set to launch this fall, designed to address common challenges in the plant-based protein sector. The new concentrates are intended to offer a clean taste, neutral color, and cost-effective solution for food manufacturers. The soy protein concentrates, produced in Bunge’s new facility in Morristown, Indiana, are part of the company’s strategy to enhance its plant-protein offerings. The Morristown facility, which is nearing completion, is set to become the largest food-grade plant protein production site globally. Bunge has invested $550 million in this state-of-the-art facility, which is expected to provide significant scale to its operations. The soy protein concentrates will feature around 70% protein content and 17% fiber on a dry-basis, with both non-GMO …

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Beyond Meat Beyond IV burger

© Beyond Meat

Beyond Meat Secures $100 Million Financing as It Navigates Q1 Losses

Beyond Meat, Inc. (NASDAQ: BYND) has closed a $100 million senior secured debt facility with Unprocessed Foods, LLC, an affiliate of the Ahimsa Foundation. This financing will help strengthen the company’s balance sheet and support its long-term strategies. The announcement follows the company’s first-quarter financial results for 2025, which reported a 9.1% decline in net revenues to $68.7 million. The drop in revenue was driven by an 11.2% reduction in the volume of products sold, particularly in the US retail and foodservice channels. The weak category demand was further compounded by broader economic conditions. In the same period, Beyond Meat reported a gross profit loss of $1.1 million, down from a $3.7 million gross profit in the prior year. The loss reflects the company’s strategic …

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Rémi Cabrit of ACCRO

Rémi Cabrit. Image courtesy of ACCRO.

French Alt Meat Brand ACCRO Appoints Rémi Cabrit as Chief Financial Officer

French plant-based meat brand ACCRO has announced the appointment of Rémi Cabrit as its new Chief Financial Officer. Cabrit is a graduate of SKEMA Business School in Lille and brings significant expertise in corporate finance in the agri-food sector. He was previously CFO of gluten-free products leader ABCD Nutrition, a position he held for almost a decade. Cabrit then became head of the group’s Bulk Business Unit, where he was tasked with restructuring the business after it was impacted by the pandemic. In 2011, Cabrit founded his own company, Easy-Développement, where he was a managing partner and held several positions; the company was later acquired. According to ACCRO, he brings a range of skills in holding and industrial management control, financial resource management, and team …

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Meati Foods whole foods

© Meati Foods

Meati Hands Over Assets to Attorney as Startup Seeks $4 Million Sale

Boulder-based alternative protein startup Meati is preparing to sell its business for $4 million, despite having raised nearly $450 million in funding, according to court documents reported by BusinessDen. The company disclosed the planned sale in filings submitted to the Adams County District Court last Friday. Meati CEO Phil Graves assigned the company’s assets to attorney Aaron Garber, who filed a request seeking permission for the buyer—identified only as Meati Holdings Inc.—to take over operations prior to the deal’s closure. Further details about the buyer have not been made public. Garber stated in the filings that selling the company as a whole, rather than liquidating its assets, would provide the best outcome for creditors and reduce broader financial fallout. As of last week, a judge …

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Bolder Foods

© Bolder Foods

Bolder Foods Ceases Operations After Struggling to Secure Funding

Bolder Foods, a Belgian food tech startup specializing in alternative dairy ingredients, has announced that it has shut down. In a post shared via LinkedIn, co-founder and CEO Ilana Taub confirmed the closure, explaining that the company had been unable to secure the necessary funding to continue operations. Despite its innovative approach and a promising team, Bolder Foods was unable to meet its financial targets. “We didn’t close the round we needed,” Taub wrote, reflecting on the company’s inability to raise the capital required to continue its development. Founded with the goal of creating sustainable solutions for the dairy industry, Bolder Foods had focused on developing ingredients for plant-based cheese using submerged biomass fermentation. The company’s flagship product, MycoVeg, was a mycelium-based ingredient designed to …

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Oatly WPMD

© Oatly

Oatly Publishes Q1 Financial Results, Says It Remains on Track for First Full Year of Profitable Growth

Swedish oat milk brand Oatly has published its financial results for the first quarter of 2025. Q1 revenue was $197.5 million, a 0.8% decrease compared to the prior year period; however, if a foreign currency exchange headwind of $3.0 million is excluded, revenue increased by 0.7%. Gross margin was 31.6%, which is a 4.5% increase. First quarter net loss attributable to shareholders of the parent was $12.4 million, an improvement of $33.4 million compared to the prior year period. Adjusted EBITDA loss was $3.7 million, an improvement of $9.5 million. Based on these results, Oatly continues to expect that it will achieve its first full year of profitable growth in 2025. It predicts constant currency revenue growth in the range of 2% to 4%, positive …

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© ACCRO

Five Companies Partner to Form InterVeg, “France’s First” Plant-Based Food Coalition

Five companies — Hari&Co, Accro, HappyVore, La Vie, and Swap Food — have joined forces to form InterVeg, said to be France’s first coalition dedicated to plant-based food. InterVeg aims to mobilize decision-makers and the general public around a shared vision for sustainable, healthy, and sovereign foods. The association will initially focus on two strategic priorities — advocacy with institutional stakeholders for a favorable regulatory framework and innovative communication to change eating habits. InterVeg plans to take a constructive and non-ideological approach, providing a non-partisan space for collaboration, openness, and responsibility. The association believes that France has a unique opportunity to become a European leader in the food transition. Making plant-based meals a given France’s plant-based food industry appears to be entering a phase of …

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Better Nature

Chris Kong and Elin Roberts © Better Nature

Better Nature Appoints Head of Sales, Following Forbes 30 Under 30 Recognition for Co-CEOs

Better Nature, a UK-based company known for its plant-based tempeh products, has appointed Helen Atkinson as its new Head of Sales. Atkinson, who brings experience from roles at Dr Oetker, Noble Foods, and Bel, will play a key role in expanding the brand’s presence across retail channels as the company scales its operations. Atkinson’s arrival coincides with a major achievement for Better Nature’s leadership team. Co-founders and Co-CEOs Elin Roberts and Christopher Kong have been named to Forbes 30 Under 30 Europe 2025, in the Art & Culture category. This recognition acknowledges their contributions to transforming the protein market with Better Nature’s range of gut-friendly, high-protein tempeh products. Elin Roberts commented on the Forbes honor, stating, “Forbes 30 Under 30 is a huge milestone for …

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Wide Open Agriculture lupin

© Wide Open Agriculture

Australia’s Wide Open Agriculture Appoints Univar as Exclusive Distributor of Its Lupin Products in Mainland China

Australian regenerative food and agriculture company Wide Open Agriculture (WOA) has signed an offtake and distribution agreement with the chemical and ingredient distributor Univar Solutions China. Through the agreement, Univar will become the exclusive distributor for WOA’s lupin protein products in mainland China for an initial six-month term. The period of exclusivity may be extended, subject to performance. Univar commits to purchasing at least 50 tonnes of lupin protein isolate over the 12 months following the initial six-month market preparation period. This takes the total length of the agreement to at least 18 months, and the term can be extended by mutual agreement. Pricing is still to be agreed. “We are excited to cooperate with WOA on its unique plant proteins,” said Will Wang of …

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BlueNalu expands partnership with Nomad Foods

Stéfan Descheemaeker, CEO of Nomad Foods Ltd. and Lou Cooperhouse, President & CEO of BlueNalu. Image supplied.

BlueNalu Expands Partnership With Nomad Foods, Gains Acceptance Into UK Regulatory Sandbox

US-based cultivated seafood producer BlueNalu has announced an expansion of its partnership with leading European frozen food company Nomad Foods. The collaboration, which began in 2021, will support the future commercialization of cultivated seafood products in Europe. The companies will initially work on market-entry strategies in the UK, with a focus on premium food service and limited-time offerings. The news follows BlueNalu’s acceptance into the UK Food Standards Agency’s novel foods regulatory sandbox, which aims to fast-track approvals of cultivated meat and seafood products. To date, BlueNalu is the only US-based company to be admitted into the program, and the only one focused primarily on cultivated seafood. “As a company that has a long history of successfully introducing innovative and great-tasting fish and seafood products, …

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Plants by Ella Mills announces new look

© Plants

Ella Mills’ Plants Brand Reveals New Look Celebrating Natural Ingredients

Plants, the plant-based brand by Ella Mills and the team behind Deliciously Ella, has announced a rebrand developed by the agencies Sonder & Tell and Belief Machines. The new branding is said to emphasise real plant-based ingredients, abundance, ease, and taste. It aims to honour the products’ previous branding while broadening their appeal and communicating a new “flavour first” identity. The updated packaging features oversized ingredients and meals, along with bold colour blocking to ensure visibility and differentiation on shelves. A cohesive visual system has been created to provide consistency and quick consumer recall. To design the new branding, Belief Machines analysed key supermarket trends and the evolving plant-based category. The resulting rebrand aims to celebrate the natural ingredients in the Plants product range, while …

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Sunday Supper

© Sunday Supper

Sunday Supper Appoints New Leadership Team, Launches $2.5M Seed Round

Sunday Supper, a plant-based Italian food brand, has announced an expansion of its executive team alongside the launch of a $2.5 million seed funding round as the company looks to strengthen its position in the plant-based food sector and drive further retail growth. Spencer Oberg has been appointed as CEO, bringing over a decade of experience in the consumer packaged goods industry, including his recent role as chief operating officer at Good Planet Foods, where he contributed to the company’s growth in the plant-based dairy market. “We’re leaning into our strong brand and existing traction to expand retail presence and explore innovative new products and revenue channels. I couldn’t be more excited to lead this company and incredible team into what’s next,” stated Oberg. In …

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Moolec Science

© Moolec Science

Moolec Science Merges with Bioceres Group to Scale Molecular Farming Platform

Moolec Science, a producer of animal proteins through molecular farming, has entered into an all-stock business combination with Bioceres Group Limited and related entities. The deal, finalized on April 17, 2025, will position Moolec as the parent company of Bioceres Group, Nutrecon LLC, and Gentle Technologies Corp., creating a larger entity focused on innovation in food production and sustainability. Moolec uses molecular farming to produce animal proteins and nutritional oils by engineering plants to carry animal protein genes. This approach allows for the production of proteins typically sourced from animals, but using plant-based systems, which could provide a more sustainable and scalable alternative. In the new structure, Moolec will issue up to 87 million new shares and 5 million warrants to the shareholders of the …

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Atlantic Natural Foods

© Atlantic Natural Foods

TUNO Manufacturer Atlantic Natural Foods Files for Bankruptcy

Atlantic Natural Foods, a US plant-based company that owns brands such as Loma Linda, TUNO, Chick’n, and Neat, has filed for Chapter 11 bankruptcy protection. In a petition filed in the U.S. Bankruptcy Court for the Eastern District of Louisiana, Atlantic Natural Foods listed $10 million to $50 million in assets. The company also declared $1 million to $10 million in liabilities, with 100 to 199 creditors. Atlantic Natural Foods did not specify why it was filing for bankruptcy, but announced plans to reorganize its business. The news comes a few months after the company terminated a $30 million agreement that would have seen it acquired by vertically integrated plant-based food company Above Food. Both parties mutually agreed to the withdrawal, citing changes in the …

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