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'Inflated expectations': Marketing expert theorises why meatless meat producer Sunfed shut down

Author
Newstalk ZB,
Publish Date
Tue, 9 Apr 2024, 6:11pm
Sunfed Foods co-founder Shama Sukul Lee with a burger featuring the company's chickpea-based "Chicken-Free Chicken", which was sold in 300g packs at the equivalent of $45 per kilo - a price that one of its investors saw on the wrong side of the cost-of-living crisis.
Sunfed Foods co-founder Shama Sukul Lee with a burger featuring the company's chickpea-based "Chicken-Free Chicken", which was sold in 300g packs at the equivalent of $45 per kilo - a price that one of its investors saw on the wrong side of the cost-of-living crisis.

'Inflated expectations': Marketing expert theorises why meatless meat producer Sunfed shut down

Author
Newstalk ZB,
Publish Date
Tue, 9 Apr 2024, 6:11pm

Kiwi plant-based meat replacement company Sunfed is shutting down as inventory runs out and investors leave.

The company made chicken, beef and bacon alternatives using yellow pea protein.

Founder Shama Lee has announced its closure on social media, saying the plant-based bubble's burst.

Marketing expert Bodo Lang says products like this fail after not making money, despite being full of promise.

"We all have inflated expectations when it comes to these really exciting aspirational products. EVs, plant-based meat- these are exciting products that can help save the planet and people."

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