China has become a battleground for plant-based meat companies looking to tap into the world’s largest market for meat-consumption. American plant-based meat company Impossible Foods Inc said Thursday it is awaiting regulatory approval to enter the China market, while rivals such as Beyond Meat have pushed forward with plans to set up production in China despite edgy relations between Beijing and Washington. Impossible Foods needs extra regulatory approvals because its plant-based meat products include genetically modified substances including heme, a molecule that imparts a meaty flavor, as well as soy protein“We’re going through a regulatory process and it takes its time. It’s going well as far as I can tell,” Impossible Foods CEO Pat Brown told reporters. “But as soon as we get to the other end of that, we’ll see you the next day.”

Source: Standard Digital September 15, 2020 14:48 UTC