Investing in the Future of Food | Dao Foods International

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Investing in the Future of Food | Dao Foods International

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Plant-based meat substitutes used to be confined to the aisles of health food stores and stands in farmers markets. However, with the explosion in discussions around the environmental and health consequences of eating meat, plant-based foods are growing in popularity on an international level.

In this episode, Albert Tseng, the co-founder of Dao Foods International, gives a deep dive into the future of plant-based foods from an international perspective. Dao Foods International is an investing firm dedicated to helping entrepreneurs bring new plant-based meat and alternative protein products to China.

“There’s no way to achieve the Paris Climate objectives without a massive decrease in the scale of animal agriculture,” says Tseng. “Yet the demand for protein is increasing around the world.”

In the China market, meat consumption is on the rise. In the 1980s, the average Chinese person ate approximately 30 pounds of meat a year—now, the average is nearly 140 pounds. There is a high consumer demand for animal products, and the environmental and health impacts have become increasingly undeniable. Dao Foods hopes to combat this rise by providing exciting, appealing alternatives that meet the same need without hurting the climate.

“Many of these alternative meat companies are focused on the U.S. and European markets. The Chinese market was a phase three or phase four strategy,” notes Tseng. “As an impact investor, I really thought that we needed to help build this ecosystem in China.”

Dao Foods provides entrepreneurs with capital and mentorship. The company anticipates supporting up to thirty companies within the next three years.

“We are trying to encourage entrepreneurs and innovators to look at alternative proteins and develop products that can attract consumers and shift their diets to what is better for the environment, better for the planet, and better for their health,” adds Tseng. “The ecosystem is starting to develop, but it’s still in its early stages.”

Check out the podcast to learn more about Tseng’s personal story and the pathway to success for plant-based foods!

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