Fat and Oils Industry to Focus on Plant-Based Innovation as Consumers Demand Healthier Food
A market report by The Business Research Company has predicted that the fat and oils industry will increasingly focus on plant-based food innovation in the coming years. As consumers choose healthier foods, demand for specialty fats and oils is increasing, with many companies turning to novel technologies to produce alternatives to animal fats and tropical oils. Examples include Connectomix Bio, which is investigating a method to transform agricultural waste into lipids for use in meat alternatives, and ÄIO, which converts industry sidestreams such as sawdust into fats that could replace tropical oils. Similarly, agribusiness giant Cargill recently announced that it is collaborating with food tech startup Cubiq Foods to co-develop and commercialize plant-based fat technologies for alt protein products and more. Meanwhile, Luxembourg-based CSM Ingredients …