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Melbourne inventors create ‘nature-identical’ Beluga caviar from eggs

Eco Caviar has produced a caviar alternative with the rich taste and mouthfeel of the prized Beluga. An opportunity exists for investment to validate a product which will save the declining wild population and appeal to the luxury market at a fraction of the cost.

Beluga caviar alternative made from eggs in a tin with toast and a sprig of rosemary

An Australian company has developed a ‘nature identical’ alternative to caviar, recreating the taste and texture of the famed roe of the Beluga sturgeon, while producing it in a way that appeals to consumers increasingly valuing sustainability. 

The wild population of the Beluga sturgeon is in serious decline and the ancient species is listed as critically endangered. But demand for its roe continues to surge as more of the world’s population seeks out premium and luxury experiences. 

The dilemma motivated Eco Caviar Co-Founders, Yura Dubowski and Bill Whitfield, and its CEO, Russel Rankin, who are also troubled by some of the fish farming practices that have evolved to satisfy the voracious market. 

“There’s a massive industry now for farmed sturgeon because Beluga caviar is seen as somewhat of a status symbol among the world’s rising middle class, like drinking fine champagne or driving a luxury vehicle,” said Russel. 

“But consumers are increasingly making food choices based on food production’s sustainability credentials. Some consumers have already expressed concerns over the cleanliness of the environment that farmed sturgeon are raised in and the use of Borax in some places to preserve the caviar.” 

Eco Caviar has responded with an egg-based alternative that uses an innovative production technique to mimic the precise shape, taste, aroma, and mouthfeel of Beluga caviar. 

  • Learn more about Eco Caviar's investment opportunity here. ^

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Eco Caviar Pty Ltd

Eco Caviar Pty Ltd is a Start-up that has developed a unique process for manufacturing monodisperse granules from natural food ingredients to produce the world’s first sustainable ‘nature identical’ Beluga caviar. The breakthrough technology platform combines premium quality Australian sourced natural ingredients, with a homogenised whole egg base to produce ‘nature identical’ caviar.
  • Location

    Australia

  • Organisation type

    Startup or Scaleup or SME

Recreating the texture of caviar 

“The unique innovative manufacturing process is applied with our proprietary formulas to create a product with the equivalent shape, texture and mouthfeel of caviar,” said Russel. 

“Eco Caviar uses Australian open-range eggs as its base, and its unique manufacturing process delivers an eating experience equivalent to natural caviar.

"We’ve had people who enjoy caviar try it, especially distributors and restaurateurs, and they couldn’t pick the difference.” 

The biggest difference between the two products, Russel said, is price and sustainability credentials. 

“Beluga caviar sells for $5,000 to $10,000 a kilogram whereas Eco Caviar has been tested in Hong Kong and Southeast Asian markets at $300 a kilogram wholesale and it doesn’t cost anywhere near that to produce,” he said. 

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The investment opportunity 

Beluga Sturgeon

Eco Caviar is now seeking investors to assist in reviving a pilot production facility to validate the product for the broader market. 

Strategic partners are also welcomed who have connections that will help to unlock the pathway to market. 

The company is also looking to source Australian-grown, open-range eggs to heighten Eco Caviar’s sustainability profile. 

“The generation of young people coming through now are making purchasing decisions around food in relation to sustainability and the environment,” said Russel. 

“Status is one thing; sustainability status is a new criterion. 

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The rise of functional foods 

Russel, a food industry veteran with a 25-year career with Australia’s respected science research agency Commonwealth Scientific and Industrial Research Organisation (CSIRO) and  a further 10 years in industry, said one of the big trends in world food production is creating “functional food”. 

“These are foods where you can add in ingredients that have a functional benefit to the consumer,” he said. 

“The advantage of Eco Caviar is it contains all the nutritional benefits of eggs, combined with high levels of micro-encapsulated Omega-3 and Omega-6 unsaturated fats, with the potential to include other ingredients beneficial to health.” 

For more information about the investment opportunity visit Eco Caviar’s listing here

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^This investment opportunity is only for professional and sophisticated investors as defined in the Corporations Act 2001 (Cth). The content of this opportunity is intended for use by persons having professional experience in matters relating to investments and must not be acted or relied upon by any other person including, without limitation, retail clients.

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