Albert Tseng: Plant-Based China
Episode description
“The resource allocation of global attention on China is not commiserate with the size and scale of the problem that China represents.” Albert Tseng
Albert Tseng is co-founder of Dao Foods, an impact-oriented investment firm that invests in plant-based and alternative protein companies based in mainland China and focused on the Chinese market.
With rapidly rising incomes and increasing meat consumption in China, Dao Foods’ aim is to introduce alternative products into the China market to reduce the consumer demand for animal products which has had growing negative climate, environmental, food safety and health impact.
“The average American eats about 120 kilograms of meat per year. Back in 1990, that number was about 20 kilograms per capita in China. In 2017 that has gone up to 60 kilograms. Still only half as much of an average North American. But you can see the trend that we went from 20 kilograms to 60 kilograms, and just that tracks to income growth. So, if we start to reach parity of animal protein consumption in China with a population of 1.4 billion people, then then we're going to have all sorts of acceleration of all the global problems that we have.” - Albert Tseng
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