BranchOut Food to enter industrial food ingredients market

BranchOut Food 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 of 4.8%. Eric Healy, CEO of BranchOut Food, said, “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 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. We believe that BranchOut Food has a significant competitive advantage in this space, due to our proprietary technology and its ability to deliver innovative, new products that have not previously been possible, as well as our large-scale manufacturing facility in Peru. Our proximity to abundant fresh fruit and vegetables in Peru allows us the freedom to manage quality control and cost of goods ourselves.” BranchOut Food is building out an internal Sales and Marketing team to pursue this channel