US ADM partners with Benson Hill to scale innovative soy ingredients
HOUSTON (ICIS)–US agribusiness titan Archer Daniels Midland (ADM) announced a long-term strategic partnership to scale innovative soy ingredients with food tech company Benson Hill which they say will help meet the rapidly growing demand for plant-based proteins.
ADM said the partnership will serve a variety of plant-based food and beverage markets to meet savory, sweet and dairy customer needs.
Through the collaboration, ADM will process and commercialise a portfolio of proprietary ingredients derived from Benson Hill Ultra-High Protein (UHP) soybeans through an exclusive North American licensing partnership.
They plan to then create innovative ingredients which feature less-processed proteins with significant water and carbon sustainability benefits, representing an exciting new frontier in taste, texture, nutrition and functionality for alternative protein solutions.
“We’re excited to launch this collaboration with Benson Hill, building full seed-to-fork capabilities with cutting-edge technologies that will allow us to offer new, innovative products to our alternative protein customers,” said Leticia Gonçalves, ADM Global Foods president.
“The global trends of food security and sustainability are driving significant and ongoing demand growth for alternative proteins: Alternative meat and dairy sales alone are expected to grow 14% a year, reaching $125 billion by 2030.”
ADM said the two companies will jointly engage farmer partners seeking opportunities to participate in the seed-to-fork food revolution that they are advancing.