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FOOD & BEVERAGES | Meat, Fish, Seafood & Alternative Proteins
daiz.inc

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Founded Year

2015

Stage

Corporate Minority - IV | Alive

Total Raised

$25.39M

Valuation

$0000 

About DAIZ

DAIZ engages in the research & development, production, and sale of raw materials extracted from germinated soybeans, focusing on the development of soy-based meat products. The company's products are also used for applications in functional materials, reagents, cosmetics, and drug discovery.DAIZ has developed MIRACLE MEAT which is made from whole soybeans and aims to mimic the taste and texture of meat, while reducing beany off-flavors.

DAIZ Headquarter Location

5-1-1 Minamikumamoto, Chuo-ku Telwell Kumamoto Building 7F

Kumamoto, 860-0812,

Japan

+81 096-363-8800

Latest DAIZ News

Corporate Japan opens wallet for Miracle Meat maker

Sep 4, 2021

Corporate Japan opens wallet for Miracle Meat maker $27m haul will help Daiz improve soy meat and grow sales network Fried "chicken" made with Daiz's Miracle Meat. YUYA TAKAHASHI, Nikkei staff writer September 4, 2021 23:32 JST TOKYO -- The Japanese company behind soy-based Miracle Meat has attracted more than 3 billion yen ($27 million) in funding from a range of businesses, underscoring the broad interest in the up-and-coming industry of meat substitutes. Just this August, Mitsubishi Chemical Holdings became the 23rd company to invest in Daiz. The private placement for an undisclosed sum marked the chemical company's first time buying into a Japanese startup. Daiz sells Miracle Meat to food manufacturers and restaurant chains, employing proprietary technology to come closer to the taste, texture and nutritional value of the real thing. Mitsubishi Chemical will also develop fats and oils to improve the texture of plant-based meat. Ten other companies have formed capital and business tie-ups with Daiz. Founded in 2015 in the southern Japanese city of Kumamoto, it once went by Daiz Energy and fully launched its plant-based-meat business in late 2019. Demand growth has driven the deal-making. Amid rising interest from retailers and restaurants, Tokyo consultancy Seed Planning expects the Japanese market for plant-based meat to jump by a third from 2020 to 46.3 billion yen in 2025 -- and to more than double to 78 billion yen in 2030. Product development is part of Daiz's two-pronged strategy. Issues with texture and flavor have hampered acceptance of plant-based meat. Daiz has made advances on both fronts with its technology, and the partnerships will help create an even better product. Daiz agreed in August to a capital and business tie-up with T. Hasegawa, a major Japanese supplier of food flavors and fragrances. The startup now looks to improve on Miracle Meat's aroma, an area where it had not invested much until now. Last November, Daiz agreed to a 100 million yen investment from Ajinomoto, whose seasonings the startup will use to upgrade its own offerings. Reaching more clients is the second part of Daiz's strategy. Daiz announced a 100 million yen investment from Marubeni in December. The trading house will help the startup expand Japanese sales channels and backed the establishment of a U.S. unit in May so that Daiz can start selling there next summer. Daiz supplies Miracle Meat as an ingredient to food manufacturers and others. Daiz is also partnering with Kanematsu, a trading house with a strong footing in the food industry, to propel its overseas expansion. Roughly half the Japanese market for plant-based meat is controlled by rival Fuji Oil Holdings. But Daiz has nevertheless carved out a place for itself through aggressive tie-ups. Miracle Meat has been available at Yokohama-based chain Freshness Burger since 2020, as well as in deli offerings of retailers Aeon and Life since this spring. Plant-based meat is also on a roll outside Japan as consumers hunger for healthier and greener alternatives. Seed Planning estimates that the global market will grow by eight times to $88.6 billion from 2020 and 2030. Big American fast-food chains are hopping on the fake-meat wagon. Beyond Meat supplies plant-based "chicken" to KFC, while Impossible Foods sells patties to Burger King. Beyond Meat debuted on Nasdaq in May 2019 and has reached a market capitalization of more than $7 billion. Though the California-based company still trails Tyson Foods, the gap could narrow as plant-based offerings gain ground. Daiz is valued at around 8.6 billion yen in a Nikkei estimate. Funds raised from tie-ups will go toward expanding output. The company expanded its Kumamoto Prefecture factory this June, quadrupling annual capacity to 4,000 tons, and aims to build an American plant in 2022. An initial public offering is also in the works. "We've already started internal preparations and aim to go public by 2023," founder and President Tsuyoshi Ide says. Stay ahead with our exclusives on Asia Sign up to our newsletters to get our best stories delivered straight to your inbox.

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Expert Collections containing DAIZ

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

DAIZ is included in 2 Expert Collections, including Food & Beverage .

F

Food & Beverage

2,541 items

A

Alternative Proteins Startups

272 items

This Collection includes B2B and B2C companies developing alternatives to animal-derived proteins, including plant-based meat, dairy alternatives, lab-grown or cultured meat, and fermented proteins.

DAIZ Patents

DAIZ has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/26/2015

5/26/2020

Medicinal plants, Lamiaceae, Vitis, Dietary supplements, Nutrition

Grant

Application Date

11/26/2015

Grant Date

5/26/2020

Title

Related Topics

Medicinal plants, Lamiaceae, Vitis, Dietary supplements, Nutrition

Status

Grant

DAIZ Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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DAIZ Rank

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