Plantible $21.5M Funding Round Reflects Investor Confidence In Plant-Based Protein Market
Business developed as vertically integrated agricultural platform to produce Rubi Protein from Lemna, commonly known as duckweed. Rubi allows supplement and food firms to match the taste and texture of animal-based products with more sustainable plant-based ingredients.
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WM Partners acquires Vega plant-based nutrition brand from Danone with plans to leverage its operational experience to grow the brand and tap Vega’s distribution to expand market for its existing portfolio of brands.
Gelatin remains most common gelling agent for gummies, plant-based agents pectin and carrageenan are gaining ground as consumers’ sustainability concerns increase. Dupont Nutrition & Biosciences scientist says pectin and carrageenan have added benefits of higher melting points and lower costs.
"One of the issues that COVID-19 has brought out is, how safe is the production of animal-based food products?" says Innova Market Insights North America executive Tom Vierhile at AHPA sports nutrition conference.