VANCOUVER, BC, March 3, 2022 /PRNewswire/ — USA News Group – Initially invented and patented in the 1960s to extend ground meat as a means of reducing costs without reducing nutritional value, Textured Vegetable Proteins (TVPs) have recently received a huge boost from growing demand in plant-based protein options for vegetarians, vegans, and flexitarians. Through a research report by Meticulous Research has stated the plant-based protein market is expected to grow at 9.7% from 2021 to 2028, reaching $23.4 billion by 2028. Meanwhile, Allied Market Research, stated the global TVP market size was valued at $987.9 million in 2019, projecting ~$2.14 billion by 2027, growing at 9.2% from 2021 to 2027. TVP was originally invented by Archer-Daniels-Midland Company (NYSE:ADM), and continues to be one of the company’s core growth platforms. Several other innovators are capitalizing on the growing TVP food sector, including Nepra Foods (CSE:NPRA) (OTC:NPRFF), DuPont de Nemours (NYSE:DD), MGP Ingredients (NASDAQ:MGPI), and Ingredion Incorporated (NYSE:INGR).
Gaining momentum after an oversubscribed IPO in late 2021, Nepra Foods (CSE:NPRA) (OTC:NPRFF) has been continuously developing its own proprietary product known as Textured Hemp ProteinTM (THP)—a nutritious plant-based and allergen-free food, currently used in wholesale ingredients and consumer packaged goods, such as Nepra’s PROPASTA
line of ready-to-eat frozen meals.
Hemp protein is an excellent source of plant-based protein, that’s lean, rich in amino acids, a good source of iron, magnesium and manganese, and may prevent cardiovascular disease and cancer.
At its Colorado facility, Nepra recently announced the full operations of its first dedicated extrusion line from new extruder equipment, which the company says will exponentially increase ingredient output and boost overall sales revenue.
“Producing our own proprietary textured proteins gives us a huge advantage over most smaller…
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