Dryk, the Danish producer of plant-based drinks, has also entered the Chinse market with a number of café supply deals, according to a press release of the company.
The brand was established in early 2020 and has since experienced massive growth. In recent months, growth has been over 30% per month, and with the agreement in China, the company expects to deliver extra revenue of up to DKK 70 million in 2021.
Dryk’s products are not currently available for retail but are sold directly to the end customer as a subscription via Dryk's website.
Oatly which has been operating in China since 2018 with China Resources' help, is said to be preparing for IPO in the US.
St. Hubert from Europe is now a brand belong to Beijing's Sanyuan Dairy and Shanghai's Fosun Group.
Heura, Daiya and many other brands are entering the China market with the assistance of their distributor Green Commons.
Nestle put on market its plant-based meat products late last year. PFI, invested by Proterra, also launched its own brand in plant-based meat in China late last year.
Singapore's TYJ Foods, known as the world's King of Spring Rolls with its extensive global coverage of the traditional Chinese food, after two years' R&D, launched its plant-based brand in Singapore and is said to soon enter China.
In China Starfield appears to be the fastest growing with its supply deals with Decos. Other brands are Hay Maet, Zhen Meat, Vesta, and Z Meat. A startup named Hero is in R&D phase and
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