Wet markets in China are constantly under suspicion of creating new COVID-19 hotspots, and this is resulting in a shift towards plant-based alternatives. The South China Morning Post reports that China’s plantbased market is set to reach $12 billion by 2023 from around $10 billion in 2018.
Zhenmeats
Zhenmeats Seeks US$2M for a Place in the Chinese Plant-Based Pork Market
Zhenmeat founder Vince Lu told CNBC in an interview this week that the Beijing-based startup is “talking aggressively” with investors from Europe, China and the United States in hopes to raise up to US$ 2 million to increase the scale of production of its plant-based mincemeat made from pea protein.