Nestlé Announces Plans To Open Vegan Food Factory In China
Global food giant Nestlé has announced plans to build a plant-based food factory in China.
The company has stated it will invest over $100 million on expansion in China, which includes the opening of a facility for the production of vegan meat.
Through the expansion, Nestlé is aiming to launch new plant-based products in the country by the end of this year.
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Vegan Food In China
The Chinese meat-free market has boomed in recent years, growing 33.5 percent since 2014. With a value of just under $10 billion two years ago, it is predicted to be with $11.9 billion by 2023.
Interest in vegan food in China has been fuelled by the coronavirus pandemic, which is believed to have started at a live animal market in the country.
Other big food companies — such as Cargill — are also looking to develop their presence in the Asian plant-based meat market.
Do you think veganism is about to boom in China? Let us know your thoughts in the comments below!
Tags: Cargill, China, coronavirus, food factory, meat-free, nestle, Pandemic, Plant-Based, plant-based food, Plant-Based Meat, vegan China, vegan food