While dairy is the basis of protein nutrition, the use of plant-based and precision fermented protein is bound to increase in products such as infant formula, healthy ageing, and sports nutrition, says dairy multinational firm Friesland Campina.
Plant-based, better-for-you alternatives, and functional snacks dominate the latest accelerator cohort in Australia led by a Woolworths-backed accelerator.
Australian plant-based formula firm Sprout Organic is debuting its global expansion in Saudi Arabia and Malaysia, and eyes growth opportunity of dairy-free infant formula market in Asia-Pacific (APAC).
CP Kelco is eyeing aggressive APAC expansion with its recent global brand strategy launch, with the Philippines, Malaysia and Pakistan topping the list of countries for market entry, on the back of growing demand for plant-based protein and dairy alternatives.
