Monsanto and The Solae Company announced an agreement to develop and market a new line of soy proteins with improved flavor and solubility. This collaboration combines each company's strengths to bring such a technology to market, a release stated.

"Soy-based products are one of the fastest-growing food industry segments," said Paul Graham, vice president of new business development for The Solae Company. "This agreement will allow us to offer the best-tasting, most soluble soy protein on the market, further reinforcing our commitment to drive innovation in food formulation and taste. It is one of several technologies we're using to best meet our customers' needs."

Using advanced plant breeding technology, Monsanto is developing a new soybean with higher levels of beta-conglycinin, designed to improve soy protein flavor and functionality.

"This new product is expected to support -- and help drive -- growing consumer demand for healthier foods," said Jerry Steiner, executive vice president of Monsanto. "It also represents one of several significant products our company is developing to make healthier food more accessible and attractive to consumers."

"We are pleased to be working with The Solae Company to help food companies create better-tasting foods and beverages and enable more consumers to get the benefits of soy protein," Steiner said.