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Billions Poured Into Global Sustainable Protein, with Record $5 Billion in 2021 Investment


News provided by

USA News Group

08 Mar, 2022, 17:15 GMT

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FN Media Group Presents USA News Group News Commentary

VANCOUVER, BC, March 8, 2022 /PRNewswire/ -- USA News Group - Last year was a record-breaking year for the global sustainable protein industry, which raised a record $5 billion in disclosed investments in 2021. The record-breaking year saw financial movement across most sectors, including plant-based, fermented, and cell-based (or cultivated) alternatives to the more traditional animal proteins such as eggs, dairy, and meat. With its ongoing momentum, the sector is continuing in 2022 to gain new innovations from food tech developers that have garnered market attention, including Nepra Foods (CSE:NPRA) (OTCQB:NPRFF), Ingredion Incorporated (NYSE:INGR), Tattooed Chef, Inc. (NASDAQ:TTCF), Else Nutrition Holdings Inc. (TSX:BABY) (OTCQX:BABYF), and Nestlé S.A. (OTCPK:NSRGY).

Nepra Foods (CSE:NPRA) (OTC:NPRFF) hit the ground running, after an oversubscribed IPO in late 2021. Since then, their sales have exploded, through developing a proprietary product known as Textured Hemp ProteinTM (THP).

THP is a nutritious plant-based and allergen-free food, that's currently used in wholesale ingredients and consumer packaged goods, such as Nepra's PROPASTA™ line of ready-to-eat frozen meals, including its latest addition, a line of macaroni and cheese heat-and-eat meals—a category currently dominated by products containing gluten and dairy.

"Although we don't consider ourselves a meat analogue company, the analogues we produce for our PROPASTA™ line of frozen entrees are unique in the industry," said Nepra CEO David Wood. "While most everyone in this space is using pea, soy, gluten, and faba bean, our texturized hemp protein has superior flavor, texture, and, most importantly, nutrition."

Hemp is known to provide an excellent source of lean plant-based protein, that's rich in amino acids, a good source of iron, magnesium and manganese, and may prevent cardiovascular disease and cancer.

"We are taking hemp protein to the next level with our proprietary formulations that are perfectly designed for modern flexitarians who want to eat healthier but don't want to sacrifice taste," said Chadwick White, Co-Founder and Chief Technology Officer of Nepra Foods. 

Made from hemp hearts, Nepra's flagship N-50 Flour product has already brought the company early success to its ingredient business. Nepra's innovative formulation improves the color and texture of gluten-free salty snacks like pretzels.

Through Q3 2021, sales of Nepra's N-50 Flour flagship product grew 400%, and is growing in popularity with snackmakers in a growing list of some of America's favorite healthy food snack brands.

Nepra aims to grow its wholesale ingredient business by 100%, as well as its B2B consultation business by 150%, in 2022.

According to Jim Zallie, CEO of Ingredion Incorporated (NYSE:INGR) changing consumer tastes have driven the creation of "more intimate relationships" between ingredient suppliers and food manufacturers.

Rapid shifts in these tastes and demands have brought consumer packaged goods (CPGs) manufacturers to lean more heavily on ingredient suppliers in order to get new products to market faster.

Prior to this monumental market shift, has obliterated previous relationship standards where food companies would be hesitant to source more than one ingredient from a single supplier. But times have changed, and now many CPG companies have dropped their R&D budgets, and then partner with groups like Ingredion or Nepra to generate these more intimate relationships.

"It's a win for them, a win for us," said Zallie. "We become a reliable supplier, a more intimate supplier. They take steps out of their manufacturing process."

Demand for Ingredion's more than 1,000 ingredients is hotter than ever, currently selling to most large CPG companies as well as smaller, local businesses around the globe. Their net sales rose $900 million in its 2021 fiscal year to $6.9 billion, as the company was able to also justify an increase in their ingredients' pricing, resulting in two-thirds of the jump. 

In 2022, Ingredion opened the year with an investment in chickpea-focused food tech company InnovoPro, which is expanding from dairy alternatives to additional markets like meat analogues and egg replacers.

Another innovation that's drawn the investment of a multi-billion-dollar food giant, is the new partnership between Nestlé S.A. (OTC:NSRGY) and Netherlands-based Corbion to develop microalgae-based ingredients that can be added to animal-free foods to improve nutrition, taste, and sustainability for new products.

"We are actively exploring the use of microalgae as an alternative protein and micronutrient source for exciting plant-based products," said Stefan Palzer, CRO for Nestlé. "Through the partnership with Corbion, we will be able to use great-tasting, nutritious microalgae-based ingredients to innovate across our different product categories."

Seen as a clean source of protein, fat, and nutrients, microalgae tread lightly on the planet during manufacturing, thanks to fermentation technology. They've been shown to offer significant health benefits to vegan-friendly food products. Nestlé and Corbion will develop microalgae products with lower carbon, water, and land footprints than other more conventional ingredients.

During the last 10 days of 2021, another plant-based foods leader Tattooed Chef, Inc. (NASDAQ:TTCF) completed the acquisition of Belmont Confections, Inc.—a specialist company in the development and manufacturing of a variety of snack bars.

As per the deal, the Belmont acquisition gives Tattooed Chef a 47,000 square foot facility in Youngstown, Ohio, where the buyer intends to expand into a new category, with plans to launch new Tattooed Chef branded plant based bars in 2022.

"We see an opportunity to leverage our innovation expertise to bring great tasting, plant based options to the bar sector," said Sarah Galletti, Tattooed Chef Chief Creative Officer. "We believe we can create and bring new types of bars to the market, disrupting a category that is in need of more innovation and exciting product development."

For those looking to provide similar nutritional values to babies, toddlers and children, Else Nutrition Holdings Inc. (TSX:BABY) (OTC:BABYF) recently concluded a successful Preclinical Study along the way to bringing the world's first clean label whole-food, plant-based and soy-free infant formula to market. 

"This is a massive step forward for the Company," said Hamutal Yitzhak, CEO & Co-Founder of Else Nutrition. "Since inception, our vision has been to fill this major gap in the market, and to bring a clean label whole-food, plant-based, soy-free infant formula to millions of families worldwide. These results mark further validation of our formulation, as we continue to push ahead in seeking FDA approval."

In its toddler nutrition category, Else has established a potential distribution pathway to nearly 30,000 retail outlets, having added 4 new flavors in early February—Vanilla, Chocolate, Mango & Chia, Banana & Chia.

For more information go to: https://usanewsgroup.com/2021/09/05/the-plant-based-food-revolution-is-here/ 

Article Source: 

USA News Group
http://USAnewsgroup.com
info@usanewsgroup.com

DISCLAIMER:

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Nepra Foods. advertising and digital media from USA News Group ("the Company"). There may be 3rd parties who may have shares of Nepra Foods, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Nepra Foods, which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Nepra Foods  at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:  
editor@financialnewsmedia.com 
U.S. Phone: +1(954)345-0611

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