Sustainable Foods raises money for international expansion

New Zealand plant-based meat company Sustainable Foods has raised NZ$2.15 million in funding for chick*n, a chicken alternative...
April 12, 2022 AU/NZ news
Sustainable Foods raises money for international expansion

New Zealand plant-based meat company Sustainable Foods has raised NZ$2.15 million in funding for chick*n, a chicken alternative made from hemp. 

Chick*n is primarily made of hemp protein, and compared to conventional chicken,  has equal protein content and less fat, and a complete amino acid profile. 

Sustainable Foods Co-Founder and Chief Executive Justin Lemmens believes the hemp used in their products, grown locally by New Zealand based Green Fern Industries, has great environmental benefits.

Hemp is an environmentally sustainable plant-protein crop which requires little water, has regenerative farming possibilities and is the largest carbon sink of any commercially grown crop. 

“The aim is really to replace any occasion where chicken is being used with Chick*n – the best way to describe it is it’s like a piece of chicken breast or thigh, just with health benefits such as fibre, low saturated fat and due to hemp, being a complete protein source which also has cardiovascular, neurological, and anti-inflammatory benefits,” explained Lemmens.

“I want to also do something that creates a better future for the next generation and for our planet,” he states. 

Australia is being considered primarily for international export closely followed by Singapore, Thailand, Malaysia and the Philippines.

Sustainable Foods has a range of plant-based meat alternatives including burgers, sausages and mince that are widely consumed in the New Zealand market. It has partnerships with leading distributors, is sold in major retailers such as Countdown and Four Square, and is featured in a range of quick-service restaurants. 

The Australian market has huge potential demand for plant-based chicken-style products, with Australians already consuming approximately 45kg of conventional chicken meat on average per year.

Another company recently launching plant-based chicken products, v2food, shared consumer insights backing up their expansion in the category, pointing to the 63% of Australians who are willing to consider plant-based meat alternatives as a marker for huge growth potential for the category in the Australian market.   

READ MORE: Sustainable Foods Raises $2.15M for Chicken Alternative Made With Hemp [Vegconomist]

READ MORE IN ALTERNATIVE PROTEINS NEWS: Food Frontier News

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