Global agri-food company Bunge Limited recently announced a new AU$45.7 million investment in Australian Plant Proteins (APP), which works in the extraction of protein from the faba bean, also known as the broad bean. This strategic investment is designed to support the growth of the plant-based market in Australia and enable APP to double its production of plant protein isolates by March 2022.
Canada Invests in Sustainable Faba Bean Protein Development to Expand Plant-Based Ingredient Options
Canada is expanding its plant-based protein offerings through a new initiative focused on faba beans. The project, backed by Protein Industries Canada (PIC), aims to develop high-protein, sustainable ingredients from faba beans, which will be used in a variety of food products. The initiative involves a partnership between several organizations: Griffith Foods, BFY Proteins, Botaniline, and Faba Canada. These companies are working together to create neutral-flavored faba protein ingredients for use in consumer-packaged goods (CPGs), such as meat alternatives and breadings. The project focuses on improving the processing of faba beans to create high-protein, allergen-free, and lower-sodium ingredients suitable for the food industry. Faba beans have gained attention as a valuable plant-based protein source due to their high protein content (18-35%) and nutritional benefits. Global …