Woolworths Invests In Alt-Dairy

Woolworths Grocery Store

All G Foods, a Sydney-based alternative protein start-up, has received further funding from Woolworths’ venture capital fund W23.

The sum is secret, but it is in addition to the $16 million in startup funding they received last year.

The financing will be used to extend the company’s existing product lines, including a move into animal-free dairy utilizing precise fermentation technology. The company presently manufactures a variety of plant-based goods called Love BUDS.

Putting the System to the Test

All G was established with the goal of creating long-term alternatives to animal products.

Love BUDS is currently available in more than 300 Woolworths stores, with mince, sausages, bacon, and nuggets all set to hit the shelves soon.

MilkCELL, the company’s dairy division, is set to emerge in two to three years, thanks to Woolworths’ latest investment.

Precision Fermentation 

Animal goods can be replicated through precision fermentation without the use of animals.

It’s comparable to brewing beer in that microbes consume nutrients and produce alcohol; but, instead of alcohol, the microorganisms that generate animal-free dairy produce milk proteins, thanks to milk-protein DNA that has been encoded by food scientists.

The technique has enormous potential for ending animal exploitation and assisting in the mitigation of the climate problem.

Precision fermentation technology reportedly produced $587 million in sales during the pandemic, according to The Good Food Institute’s (GFI) 2020 State of Industry report.

Furthermore, it indicates that the general public is willing to accept the new technology. Consumers have “solid enthusiasm” for employing the technology to create dairy products, according to a recent survey.

Woolworths Is Ahead of the Game

The Australian supermarket behemoth has already invested in companies that produce alternative proteins and has been actively growing the amount of vegan options offered in its stores.

It established W23 in 2019 to invest in new revolutionary food technology, and it led the seed funding for Harvest B, a domestic alternative protein producer that received $3.5 million to research alternative proteins for usage by plant-based manufacturers, last year.

Source: “Woolworths Invests Millions Into Alt-Dairy” by Plant Based News


LEARN ABOUT PEELED, OUR BRAND NEW TV SHOW: VKind is making VEGAN HISTORY by introducing the first and only 100% vegan cooking competition TV show! Be sure to visit our new Peeled website for the latest news, contests, giveaways, and raffles and to get VIP tickets to our Worldwide Premiere on Sept. 24th, 2022! Our exclusive red carpet premiere event will be held in the prestigious Directors Guild of America Theater in Hollywood, CA. Visit PeeledShow.Com now to learn more!

CONTESTS & GIVEAWAYS: Be the first to hear about our latest Giveaways, Contests, and Raffles by following us on Instagram where all of our giveaways are featured.

WATCH & LEARN: We have so much exciting content on our YouTube channel with some amazing new shows! Subscribe to our YouTube channel for our latest shows, live events, interviews, videos, news, secret giveaway contests & more!

GET FEATURED: We would love to publish & promote your delicious vegan recipes on our App, websites, and social media channels. Submit your recipes here!

ADD YOUR LISTING: Are you ready to attract customers and clients hyped on your values and what you offer? We’re all about opening up more possibilities to support small to medium-sized vegan businesses, professionals, and companies, like YOU. Add your listing now!

SUBSCRIBE FOR THE LATEST NEWS: Get exclusive access to the latest vegan businesses, events, and plant-based news hot off the press. Subscribe to our Newsletter.

Our mission is to connect vegan and veg-curious consumers with vegan brands, businesses, and professionals—the champions of conscious innovation.