Key Takeaways:
- Ingredion and Lantmännen are partnering to address European market demand for high-quality, sustainably sourced pea protein isolates.
- Lantmännen will invest over €100 million in a state-of-the-art production facility in Sweden, set to open in 2027.
- The partnership focuses on developing innovative plant-based protein products, combining Ingredion’s market expertise and Lantmännen’s production capabilities.
- The collaboration supports both companies’ goals of advancing sustainability and meeting the rising demand for plant-based proteins.
Details of the Collaboration
Joint Goals: Ingredion Incorporated (NYSE: INGR), a global leader in ingredient solutions, has partnered with Lantmännen, Northern Europe’s leading agricultural cooperative, to expand their presence in the plant-based protein market. The partnership will focus on delivering competitively priced, sustainably sourced pea protein isolates to meet growing European demand.
Facility Investment: Lantmännen will invest over €100 million in constructing a cutting-edge factory in Sweden, with completion slated for 2027. This facility will specialize in processing yellow peas into high-quality protein isolates for use in food, beverage, and industrial applications.
Scope of the Partnership: The collaboration encompasses sales, product innovation, and process enhancement to create a differentiated portfolio of plant-based protein isolates. Ingredion will leverage its expertise in process engineering and product development, while Lantmännen brings vertically integrated production capabilities to the partnership.
Leadership Perspectives
Mike O’Riordan, Ingredion’s Senior Vice President of Texture and Healthful Solutions in EMEA, emphasized the strategic significance of the partnership, stating: “By joining forces with Lantmännen, we are expanding our footprint in the European market. This marks a significant milestone in our strategy to solidify our position as a global leader in the plant-based protein industry. This partnership allows us to leverage our combined strengths to deliver superior, sustainably sourced pea protein isolates that meet the evolving needs of the global market.”
Lars-Gunnar Edh, Executive Vice President of the Lantmännen Energy Sector and CEO of Lantmännen Biorefineries, described the partnership as transformative: “Partnering with Ingredion is a game-changer for us. Ingredion’s extensive market reach and deep expertise in process engineering and product development perfectly complements our vertically integrated production capabilities. Together, we are poised to revolutionize the plant-based protein market with innovative, high-quality pea protein isolates.”
Strategic Importance
The collaboration reflects the growing consumer demand for plant-based proteins, driven by trends in sustainability, health-conscious diets, and the need for alternative protein sources. Ingredion’s global reach and Lantmännen’s investment in advanced production technologies aim to position both companies as leaders in the competitive European market for plant-based proteins.
