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Diving overview:
- Vercon Nutrascience Launch of furatene canola protein isolate product For baked goods. It is intended for food manufacturers as a sustainable and cost-effective alternative to eggs.
- Protein sold as plant-based products It has “more than 90% protein purity and excellent functionality.” Burcon said. The food tech company added: It can replace powdered and shelled eggs by up to 100%, and manufacturers can achieve cost savings of 20-30%.
- Bird flu problem occurs across the United States this year Poultry farms have had to increase prices to meet wholesale and retail levels, leaving the egg replacement space in a position to grow.
Dive Insights:
Between the avian flu issue and growing demand for plant-based alternatives, the egg replacement space has growth potential.
“The food industry has been looking for plant-based alternatives to egg protein for a long time,” says Kip Underwood. CEO Bercon said: From the statement. “Our canola protein can not only replace traditional food applications, but also create a better, more sustainable plant-based alternative.”
that Furatein Canola Protein Isolate Made from Canadian canola seeds. product Its complete amino acid profile, high solubility and neutral flavor make it suitable for a wide range of food and beverage applications.
The U.S. egg market has been strained by a series of avian influenza outbreaks over the past two years.. This has led to a 57% increase in egg prices compared to the previous year, according to the Bureau of Labor Statistics.
The egg substitute market has surged in recent years. The market value in 2022 was $.1.3 billion It is expected to grow at a compound annual growth rate of more than 6.5% from 2023 to 2032, according to data from Global Market Insights.
Other companies, such as Bob’s Red Mill and All American Foods, have released egg replacement ingredients in powder form and are used to replace whole eggs in recipes. Puratein is designed to replace the protein function of an ingredient.
The product aims to provide the same properties as eggs to baked goods such as pastries, cakes, muffins and biscuits.
