China becoming battleground for plant-based meat makers

Advertisement

BEGIN ARTICLE PREVIEW:

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
China has become a battleground for plant-based meat companies looking to tap into the world’s largest market for meat-consumption.Continue Reading BelowAmerican plant-based meat company Impossible Foods Inc. said Thursday it is awaiting regulatory approval to enter the China market, while rivals such as Beyond Meat have pushed forward with plans to set up production in China despite edgy relations between Beijing and Washington.GET FOX BUSINESS ON THE GO BY CLICKING HEREThose are just two of the companies with sights set on the 1.4 billion Chinese consumers they hope may join their Western counterparts in seeking alternatives to meat beyond traditional mock meat offerings that already span the spectrum from faux crab to duck breast and steak.Impossible Foods needs extra regulatory approvals because its plant-based meat products include genetically modified substances including heme, a molecule that imparts a meaty flavor, as well as soy protein“We’re going through a regulatory process and it takes its time. It’s going well as far as I can tell,” said Impossible Foods CEO Pat Brown told reporters. “But as soon as we get to the other …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE