BENEO Invests $54 million in Pulse-Processing Plant
Marking an important milestone for BENEO, extending its footprint into the fast-growing market for sustainably produced plant-based protein ingredients
BENEO announced a $54 million investment in a new pulse processing site in Offstein, Germany. The site will produce protein-rich pulse ingredients for food and animal feed. It will focus initially on protein concentrate, starch-rich flour, and hulls from Faba beans, with the option to process other pulses in the future. The new production site further strengthens the company’s plant-based protein portfolio and enables BENEO to meet the growing demand for plant-based food and feed ingredients.
The plant-based protein trend is here to stay. It is predicted that by 2027, 75% of all protein demand will be vegetal , while products using these proteins are expected to reach 11% CAGR between 2020-2027. There is also growing popularity for pulses. Pea and Faba bean are considered the rising star ingredients of new product launches worldwide, having achieved a CAGR of 20% between 2016-2021.