28 October 2024
Under the Radar: Making carbs great again – Alchemy Foodtech on scaling the business, the importance of Singapore as a testbed and prospects in greater China
It’s all about making carbohydrates great again today as we speak to a food tech company that aims to make carbs-heavy food healthier for consumers.
Founded in 2015, Alchemy Foodtech is a Singapore-based food innovation company that aims to create food that not only taste better, but are healthier for people.
In particular, the company formulates food ingredients that can reduce sugar usage and lower the glycemic index in carbohydrate-based foods while improving gut and metabolic health. Such ingredients can be used in items such as rice, noodles, bread, confectionery and even beverages.
In particular, the firm said it is known for its Alchemy Fibre™️. The patented fibre blend is made out of plant ingredients such as corn and legumes and can be added to carb-heavy food products like rice, bread or noodles to prevent sudden blood sugar spikes.
Another product that the company is pushing out is a sugar replacer solution  SweetFibre™️.
So far, Alchemy Foodtech said it has worked with Subway on a lower sugar cookie in Singapore. Some of its other local customers include chicken rice chain Boon Tong Kee, the Springleaf Prata Place and duck specialist Dian Xiao Er.
But how far is Singapore a key market for Alchemy, given how the country declared war against diabetes back in 2016?
Also – where does the company intend to expand into to achieve greater scale in the medium to longer term?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Alan Phua, Co-founder, Alchemy Foodtech.

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Listen To His Previous Podcasts:

31 October 2018
Alchemy FoodTech A New Way To Enjoy Food
Diabetes is one of Singapore's biggest problems but what if there was an additive that reduces glucose levels in food without affecting adversely its flavour. We find out more on Coffee with Claressa about Alchemy FoodTech's breakthrough from CEO Alan Phua.

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