Nestle is testing the waters for new technologies, including cultured meat with Israeli cell-based startup Future Meat Technologies Ltd. After a late start to the vegan market, Chief Executive Officer Mark Schneider now aims to have a plant-based substitute for every animal protein.
The Swiss food giant has been investing heavily in alternative proteins as an increasing number of consumers forgo animal products amid environmental and health concerns. The proceeds will help fund initial production as the company plans to introduce vegan chicken wings in the Bay Area in the spring and expand throughout California next year. Nestle led a funding round of about $4 million in Sundial Foods, said Jessica Schwabach, chief executive officer of the Albany, California-based company.
Nestle SA invested in a vegan startup that is trying to mimic chicken in the most realistic way possible, including fake skin and bones, as the world’s largest food company presses ahead with expansion in plant-based meat substitutes. Nestle invests in East Bay maker of fake chicken that has skin and bones Close Menu
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