Russian Plant-Based Startup Takes Aim at Beyond Meat

 

The Moscow Times (Russia)

Jan 7, 2020

 

A Russian startup backed by an international food awareness organization plans to surpass Beyond Meat and conquer Europe’s plant-based meat market, the Meduza news website reported Tuesday.

 

The Berlin-based Proveg International investor singles out Russia’s Greenwise startup for selling its plant-based strips and jerky in 2,000 stores across Russia. Forbes named Greenwise among the incubator’s five promising meat alternative startups.

 

Greenwise boasts on its website that the green technology used to process vegetable proteins at its production plant southwest of Moscow “gives our meat alternatives [the] chewiness and texture of real meat.” 

 

“We derived a unique high-fiber product that mimics meat. We’re the only ones to produce that in Russia,” Georgy Zhelezny, one of three young entrepreneurs behind the startup, told Meduza.

 

Its jerky and strips are sold in Hungary, Estonia, Lithuania, Belarus, Kazakhstan and Uzbekistan, according to Meduza. The startup’s website currently only lists store locations in Russia and Kazakhstan.

 

Greenwise plans to overtake Beyond Meat, which appeared on Russian shelves and restaurants last fall, with burger patties that are both cheaper and made with half the ingredients, Meduza reported.

 

The startup also plans to expand its product line, with burger patties and soy- and gluten-free cold cuts marked as coming “soon” on its website. Meduza reports that Greenwise is expected to add plant-based ham and meatballs to its roster this year.

 

Its European expansion plans begin with entering talks with four major German retailers this March, followed by outreach into Austria and Switzerland, Meduza reported.

 

Greenwise estimates its 2019 earnings...

 

more, including links

https://www.themoscowtimes.com/2020/01/07/russian-plant-based-startup-takes-aim-at-beyond-meat-a68825