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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Swiss food giant Nestle, which has made billions with dairy products, said Monday it will host start-ups that want to develop vegetarian alternatives. Nestle could thus find itself at the forefront of a sector that has strong growth potential, an analyst commented. It plans to open its research and development (R&D) centre in Konolfingen, Switzerland to "start-ups, students and scientists" a statement said. In addition to testing sustainable dairy products, the group plans to encourage work on plant-based dairy alternatives, it added. Chief executive Mark Schneider was quoted as saying that "innovation in milk products and plant-based dairy alternatives is core to Nestle's portfolio strategy." The group unveiled a vegetable-based milk that had already been developed with the process, and technical director Stefan Palzer told AFP it planned to focus on 100-200 such projects a year. Jon Cox, an analyst at Kepler Cheuvreux, noted that while Nestle had missed some consumer trends in the past, it has now "taken something of a lead in the plant-based alternative market for food". And "given its pretty much unlimited resources, Nestle is going to come out one of the winners in the space," Cox forecast in an e-mail. Nestle said that "internal, external and mixed teams" would work at the R&D centre over six-month periods. Nestle would provide "expertise and key equipment such as small to medium-scale production equipment to facilitate the rapid upscaling of products for a test launch in a retail environment," it added. The Swiss food giant has long been known for its dairy products, but faced a boycott in the 1970s for allegedly discouraging mothers in developing countries from breastfeeding even though it was cheaper and more nutritious than powdered formula. On Monday, the group's statement also underscored that the research initiative was part of its commitment to help fight global warming. "As a company, we have set ambitious climate goals. This is part of our promise to develop products that are good for you and good for the planet," it said. noo-wai/erc
schema:headline	Nestle to help develop dairy alternatives
schema:mentions	Kepler space telescope Research and development Developing country Eberhard Nestle Vegetarianism Agence France-Presse Breastfeeding Planet Milk Boycott Switzerland Global warming Konolfingen Jon Cox Portfolio strategy Schneider Electric European Research Council Stefan the First-Crowned
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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