Record-Breaking Investment Going Into Sustainable Proteins, and THESE 4 Stocks Stand to Gain March 08, 2022 - Baystreet.ca VANCOUVER – 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 these 4 stocks: Ingredion Incorporated (NYSE:INGR), Tattooed Chef, Inc. (NASDAQ:TTCF), Else Nutrition Holdings Inc. (TSX:BABY) (OTC:BABYF), and Nestlé S.A. (OTC:NSRGY). Ingredion Incorporated (NYSE:INGR) According to Jim Zallie, CEO of Ingredion 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. 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. Tattooed Chef, Inc. (NASDAQ:TTCF) 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. Nestlé S.A. (OTC:NSRGY) Another innovation that’s drawn the investment of a multi-billion-dollar food giant, is the new partnership between Nestlé 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. 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. Else Nutrition Holdings Inc. (TSX:BABY) (OTC:BABYF) For those looking to provide similar nutritional values to babies, toddlers and children, Else Nutrition) 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.
Record-Breaking Investment Going Into Sustainable Proteins, and THESE 4 Stocks Stand to Gain March 08, 2022 - Baystreet.ca VANCOUVER – 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 these 4 stocks: Ingredion Incorporated (NYSE:INGR), Tattooed Chef, Inc. (NASDAQ:TTCF), Else Nutrition Holdings Inc. (TSX:BABY) (OTC:BABYF), and Nestlé S.A. (OTC:NSRGY). Ingredion Incorporated (NYSE:INGR) According to Jim Zallie, CEO of Ingredion 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. 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. Tattooed Chef, Inc. (NASDAQ:TTCF) 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. Nestlé S.A. (OTC:NSRGY) Another innovation that’s drawn the investment of a multi-billion-dollar food giant, is the new partnership between Nestlé 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. 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. Else Nutrition Holdings Inc. (TSX:BABY) (OTC:BABYF) For those looking to provide similar nutritional values to babies, toddlers and children, Else Nutrition) 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.