Plant Protein Market

• Ahimsa acquires plant-based company Wicked Kitchen.

• The Thai government has released draft regulations governing the alternative protein industry to regulate the naming and labeling of plant-based products.
• Novo's Acenzia develops new plant protein products with Protein Industries Canada. (eg. RTM, RTD).
• Plant-based meat rising star Tender Food closes $11 million Series A and partners with Clover.
• Golden Fields invests  €16 million in Latvia to open a protein plant.
• The plant will produce pea protein and fava bean protein.
• Recently, the Canadian government allocated more than $11 million in new federal funding to domestic bean organizations.

Plant Protein Products Plan

• Plant-based company QmilQ launches plant-based quinoa milk.
• Canadian company Phytokana has launched a new fava bean protein product, F70 LVC.   This fava bean protein exhibits high and stable solubility at a variety of pH values, as well as excellent emulsification and gelling properties. In addition, F70 LVC is less bitter and    astringent than other fava bean proteins on the market.
• Califia Farms recently launched a new product: Complete Kids Plant-Based Milk. Its protein source comes from peas, chickpeas, and fava beans.
• Recently, Simply Protein launched a new protein-rich cornflakes. This new product is a restaurant-style tortilla chip with key ingredients including corn, pea protein, and sunflower oil.

• Bunge joins forces with Golden Fields to expand into the plant protein market with the launch of pea and fava bean proteins.

The Plant Protein Research Progress

•  Recently, Chinese researchers used different extraction methods to extract proteins from bamboo shoots. Studies have shown that the protein content of bamboo shoots is comparable to that of fresh milk.
• The research and development team at the Japanese company Sodick has developed a new plant-based meat product. This product is made from wheat proteins and can be  cut and cooked right away without the need for complicated pre-processing steps.
• Food production machinery manufacturer Clextral has released an innovative technology, Galaxy Texturation Technology. This technology produces products with a  texture that perfectly mimics that of real meat or fish, with a production capacity of up to 400 kg per hour.