Traditional food manufacturers tap growing appetite for plant-based products

WITH the global plant-based movement on the rise, more traditional food manufacturers in Singapore are developing plant-based product lines to tap new revenue streams and enter overseas markets.

“This is in line with consumers becoming more conscious of nutrition and health, as well as more seeing plant-based diets as sustainable and less damaging to the environment,” said Sharon Tay, director of food manufacturing and agritech at Enterprise Singapore (EnterpriseSG), in an interview with The Business Times (BT).

She cited a study by sustainability platform Abillion, which saw the average number of vegan dishes per restaurant in Singapore rise to 4.3 in the second quarter of 2020, up from 2.3 a year ago.