Le Ray sees promising growth for vegan products in India
With an objective to venture into Asia, French-origin Vinpai (ISIN: FR001400AXT1; ticker: ALVIN) is supporting Enhance Gourmet Foods of India in the manufacture of vegan plant-based cheeses to meet the growing demand of the Indian market.
The launch of Vinpai https://vinpai.com/en/ on the Indian market is a first step in line with its objective to pursue its expansion in Asia to conquer a huge market offering significant growth opportunities regarding demand for vegan products.
As part of this partnership, Vinpai will supply plant-based functional ingredients that will be integrated to end products on its partner’s new site in Pune. In return, Enhance Gourmet Foods https://www.enhancefood.com.sg/collections/all will lean on Vinpai’s expertise in the manufacture of vegan products (cheese, butter, cream, etc.) https://www.happycow.net/asia/india/ in France.
Chief Executive Officer and Co-founder Philippe Le Ray explained, “This collaboration opens tremendous opportunities for us in the Indian market, where the growth in demand for plant-based products is very promising.
“We have been working on opening up this market for several years and are now turning years of R&D effort into concrete results, adapting our offering to the needs and specific features of the Indian market.
“We will benefit from our partner’s expertise regarding food and nutritional requirements in the Indian market, as well as its presence in the country with major Indian agri-food groups https://www.wfp.org/ . Thanks to this partnership, the Indian market could become a major growth driver for Vinpai’s business over the coming years.”
In addition, this partnership opens up new opportunities for all Vinpai’s product ranges, in particular Vin’Curd+, launched in the 2nd quarter of 2024, which is dedicated to enhancing cheese-making productivity https://www.thenomadicvegan.com/vegan-indian-food/ .
Operating from two sites, in Saint-Dolay and Rieux (Morbihan) near the port of Saint-Nazaire, Vinpai has developed more than 3,500 formulas since it was founded in 2011 by Cyrille Damany and Philippe Le Ray. Fiinews.com
