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BranchOut Food Inc., a food technology company specializing in dehydrated fruit and vegetable-based products, announced that it will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate (CAGR) of 4.8%.
“We are excited to be entering the industrial food ingredients marketplace with BranchOut Food’s high quality fruit and vegetable products. Our Consumer Packaged Goods (CPG) customers have consistently highlighted a growing need for high quality, unique ingredients, and we look forward to being a trusted partner and supplier to these prominent national brands.' -- Eric Healy, CEO, BranchOut Food
BranchOut Food is building out an internal sales and marketing team to pursue this channel.
The company will attend the IFT FIRST annual expo Chicago in July 2024. IFT FIRST brings together researchers, scientists, engineers and entrepreneurs from across the global food value chain to discuss scientific solutions in presentations and panels focused on transformative innovation.
