Ingredion Incorporated

A booming food and beverage segment with a history as rich and varied as its present-day product offerings

Plant-based Dairy & Egg

The EVERY Company (Clara Foods prior to October 2021) is a FoodTech startup developing animal-free proteins using microbial fermentation with genetically modified yeast protein. The company had two commercialized ingredients—animal-free pepsin and EVERY Clearegg—while it debuted its third product, <a href="https://sp-edge.com/updates/9360">EVERY EggWhite</a>, in March 2022.The EVERY Company secured a new patent in&nbsp;<a href="https://sp-edge.com/updates/34387">September 2024</a> for its precision fermentation-derived ovalbumin. This&nbsp; included variants with performance enhancements from various avian species, covering the use of the protein in a range of food formulations when combined with at least one additional consumable ingredient.In 2021, the company became the first in the world to develop animal-free pepsin for commercial use. Later in 2021, it unveiled EVERY Clearegg, a co-branded product with BioBrew, and claimed to be <a href="https://sp-edge.com/updates/5841">the world’s first animal-free egg protein</a>. Clearegg is highly soluble, nearly invisible, and can be used to boost the nutritional profile of products marketed to food producers. In <a href="https://sp-edge.com/updates/24810">December 2023</a>, the company expanded its egg alternative range with the EVERY Egg, which is claimed to be the world's first liquid egg alternative made from precision fermented proteins.EVERY’s products are sold globally by Ingredion, a leading ingredient provider serving customers in over 120 countries.Key customers and partnershipsIn May 2023, the company <a href="https://sp-edge.com/updates/18188">signed a joint development agreement </a>with plant-based frozen meal developer Alpha Foods to collaborate on a new range of innovative alternative meat items. Later, in <a href="https://sp-edge.com/updates/22466">October 2023</a>, the company partnered with Grupo Nutresa, one of the largest Latin American processed food companies, to drive innovation-based growth in the alternative meat sector.In <a href="https://sp-edge.com/updates/29475">May 2024</a>, the company partnered with Unilever subsidiary The Vegetarian Butcher to improve the texture and nutrition of its plant-based meat alternative products using EVERY EggWhite. In <a href="https://sp-edge.com/updates/30428">June 2024</a>, it partnered with Landish Foods to introduce "FERMY," a range of ready-to-mix protein powders featuring fermentation-derived egg-white protein. Later during the same month, it <a href="https://sp-edge.com/updates/30521">partnered</a> with Grupo Palacios, the leading Spanish omelet producer, to create hen-less omelets using the EVERY Egg and other new products.

Empowering sustainable food innovation through food engineering tech

Alternative Ingredients

<div>
 
 Headquartered in Virginia, Solar Biotech is a startup focused on technology and bioproduct development. It harnesses the power of biological systems and advanced biomanufacturing technologies to create innovative SynBio products using precision fermentation and downstream processing methods. With a vision to become a global leader, Solar Biotech is focused on providing sustainable microbial cell-based biomanufacturing technologies and services, catering to various segments of the SynBio market, including SynBio FoodTech.
 
 
 Solar Biotech uses its exclusive SynBio Hyperintegration Algorithms (SHAs) to craft individualized modular plant structures, referred to as BioNodes, for every SynBio product. These BioNodes are engineered to deliver scalability and cost efficiency, accommodating a wide spectrum of SynBio products, including biodesigned cosmetics, functional food ingredients, and bioelectronic components.
 
 
 Funding and financials
 
 
 In its latest funding round in 
 <a href="https://www.prnewswire.com/news-releases/solar-biotech-inc-receives-investment-from-ingredion-inc-to-accelerate-the-development-of-its-advanced-synbio-bioprocessing-technologies-and-proprietary-synbio-products-pipeline-301559160.html">
 June 2022
 </a>
 , the company secured an investment from Ingredion Incorporated. The terms of the investment were not disclosed. The funding was to be used to expand Solar Biotech's end-to-end bioprocessing capabilities in its facility in Norton, Virginia and proprietary platform for manufacturing high-value products.
 
 
 
</div>

SolarBioTech provides contract technology development and manufacturing services to industrial biotechnology partners, in particular, to the synthetic biology emerging industry. The company uses proprietary SynBio Hyperintegration Algorithms (SHAs), which deliver customized, for each SynBio product, modular plant architectures, called BioNodes, with a unique performance at scale and with low operating costs.

The EVERY Company is the market leader in engineering, manufacturing and formulating animal-free, animal proteins as ingredients for the global food and beverage industry. Leveraging advanced fermentation to produce functional and nutritional proteins from microorganisms, the Company is reimagining the factory farm model that underpins industrial animal agriculture with a more sustainable, kinder, and healthier alternative. Clara Foods is on a mission to decouple the world's most powerful proteins from the animals that make them.

Ingredion Incorporated is a global ingredient solutions provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors.  We are committed to supplying our customers with quality, innovative ingredient solutions that are on trend and in demand.  Headquartered in the Chicago suburb of Westchester, Illinois, we turn corn, tapioca, wheat, potatoes and other raw materials into a myriad of ingredients. With more than 11,000 employees around the world, we serve customers in more than 60 diverse markets in over 100 countries.  In 2013, our net sales reached $6.3 billion.

<div> Ingredion Incorporated (NYSE: INGR) is a leading global provider of ingredient solutions to the food and beverage manufacturing industry. Headquartered in the suburbs of Chicago, the company turns grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for food, beverage, animal nutrition, brewing and industrial markets. Ingredion was listed on the New York Stock Exchange in 1997 and has since grown to serve customers in nearly 120 countries. With annual net sales of approximately USD 8 billion in 2023, Ingredion operates manufacturing facilities around the world and employs approximately 12,000 people. Ingredion's main products and services include: <ul> <li> Starch-based texturizers: Materials that support the structure and texture of food products </li> <li> Clean and simple ingredients: Solutions that address the clean label trend for shorter ingredient lists </li> <li> Plant-based proteins: Protein alternatives to meet changing consumer preferences </li> <li> Sugar reduction and specialty sweeteners: Ingredients that enable sugar reduction while maintaining taste </li> <li> Food systems: Proven ingredient combinations to accelerate product development </li> <li> Binders, fillers, and other functional excipients for pharmaceutical applications </li> </ul> In 2024, Ingredion reorganized its business operations to better serve customers globally and locally. The company now reports financial results under three new segments: Texture &amp; Healthful Solutions, Food &amp; Industrial Ingredients - LATAM, and Food &amp; Industrial Ingredients - US/Canada. This new structure is intended to provide greater transparency into Ingredion's product capabilities and market opportunities. The company is focused on driving growth through its &quot;Driving Growth Roadmap&quot; strategy, which emphasizes customer co-creation, innovation, and operational excellence. Ingredion continues to invest in expanding its specialty ingredients portfolio and capabilities, including increasing its ownership stake in PureCircle to 98% in 2024 to strengthen its position in sugar reduction solutions. </div>

Ingredion Incorporated Declares Quarterly Dividend of $0.80 per Share

Companies providing technology related to fortification, cell culture, and fermentation and those supplying equipment including bioreactors and fermenters for the production of novel foods

Companies offering salt substitutes to reduce sodium content in foods and beverages

Companies developing natural sweeteners and solutions to reduce sugar content in foods and beverages

Companies creating natural flavor, texture, and coloring ingredients from plant-based sources like seaweed and algae

Companies producing chocolate without cocoa using ingredients like oats, seeds, and cell-cultured cocoa

Companies making coffee substitutes from ingredients like barley, date seeds, and sunflower seeds

Companies offering plant-based alternatives to honey and nut spreads, addressing dietary restrictions and allergies

Companies producing cooking oils and fats through fermentation, cell-cultured and plant-based extraction processes

Companies developing protein ingredients via cell-culture or fermentation for dietary supplements and food production, excluding plant-based or cell-cultured meat

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 Ingredion Incorporated, a major specialty ingredient solutions supplier, has introduced VITESSENCE Pea 100 HD. This new pea protein is designed to improve the texture and flavour of cold-pressed bars in the US and Canada. The product ensures these bars stay soft throughout their longevity, while providing desirable sensory characteristics and nutritional advantages.
 The product, VITESSENCE Pea 100 HD, is said to minimize chalkiness, keep a mild taste, and lower sugar content, all while preserving a soft texture. It delivers a minimum of 84% protein on a dry basis, reduces bitterness, and offers a cleaner-label product. Notably, this ingredient is reported to use less water and contribute to lower carbon emissions than traditional protein sources such as whey isolate.
 
</div> Analyst QuickTake: 
 Ingredion's portfolio includes a variety of alternative ingredients aimed at improving the texture and stability of food and beverage products, such as ULTRA-TEX 1311 and <a href="https: 
//sp-edge.com/updates/23414"> Novation Indulge 2940 </a> . The company's acquisitions of <a href="https: 
//www.globenewswire.com/news-release/2020/11/01/2118095/0/en/Ingredion-to-Acquire-100-Ownership-in-Joint-Venture-Accelerating-Growth-in-Plant-Based-Proteins.html"> Verdient </a> , a pea protein specialist, and <a href="https: 
//ir.ingredionincorporated.com/news-releases/news-release-details/ingredion-expands-specialty-ingredient-portfolio-acquisition"> KaTech </a> , an advanced texture and stabilization solutions provider, likely assisted in these innovations.

Ingredion Incorporated

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