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Tuesday, May 28, 2024

Brazil-Based Fazenda Futuro Eyes India for Plant-Based Meats

Rio-based food tech start-up Fazenda Futuro has said that it is looking to expand globally, and India is one of the countries where negotiations are underway.

Launched in 2019, the company already has over 7,000 points of sale within Brazil, while its exports have reached countries as varied as Australia, Colombia, Mexico, Netherlands, Portugal, Sweden and Uruguay.

Daniel Wanderley, Fazenda Futuro’s International Sales Director, told Salaam Gateway, “Negotiations are underway with Britain, China, India and the United States.” The company secured a $21.5 million investment recently and will use to expand its plant-based meats range, as well as launch its burgers, meatballs and sausages in more international markets.

Fazenda Futuro uses ingredients as GMO-free soy, chickpeas and beetroot, and first introduced a plant-based burger, followed by plant-based minced meat, meatballs and sausages. It uses added flavours for smoky, juicy taste of meat.

The company is in the process of obtaining halal-certification by FAMBRAS, a Brazilian certification authority. Co-founded by Marcos Leta and Alfredo Strechinsky, Fazenda Futuro was sold last year to Latin American beverages giant Ambev.

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