Ingredion and Lantmännen Join Forces to Develop a Portfolio of High-Quality Pea Protein Isolates – vegconomist

Two ingredient companies, Chicago’s Ingredion Incorporated (NYSE: INGR) and Sweden’s Lantmännen, announce a long-term partnership to develop a portfolio of plant-based protein isolates derived from locally sourced yellow peas.
The collaboration will focus on expanding the companies’ capabilities from sales to product innovation and process improvements. The goal is to cater to consumer demand for more appealing and healthier products with high-quality, plant-based proteins and to supply the growing alternative protein market, starting with Europe.
“By joining forces with Lantmännen, we are expanding our footprint in the European market”  
According to GFI’s latest analysis, plant-based food sales in Germany, France, Italy, the Netherlands, Spain, and the UK reached €5.4 billion in 2023, up 5.5% from 2022, while volume sales were up 3.5%.
“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,” said Mike O’Riordan, Ingredion’s senior vice president of texture and healthful solutions in EMEA.
© Lantmännen
Through the collaboration, Ingredion will bring its market reach and expertise in process engineering and product development to the partnership. Meanwhile, Lantmännen will contribute its vertically integrated production capabilities to create high-quality pea protein isolates.
Revolutionizing the market
Ingredion is a global ingredient solutions provider operating in 120 countries, generating approximately $8 billion in net sales in 2023. Recent developments include a native corn starch ingredient that offers functional properties for vegan cheese; two new clean-label citrus fiber ingredients that offer functionality in meat and dairy alternatives, baked goods, and savory products; and a pea protein ingredient designed to enhance the texture and taste of cold-pressed bars while maintaining softness throughout their shelf life.
Meanwhile, Lantmännen is an agricultural cooperative owned by 18,000 Swedish farmers, with operations in over 20 countries and an annual turnover of over $7 billion. Lantmännen will invest more than €100 million in a new pea and fava bean protein facility in Lidköping, set to be completed in 2027. The cooperative also works with the research center PAN Sweden, which studies how plant-based protein sources can be processed into tasty and nutritious products. PAN Sweden recently received €3.54 million in funding from the Swedish government to continue its work.
“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. Together, we are poised to revolutionize the plant-based protein market with innovative, high-quality pea protein isolates,” said Lars-Gunnar Edh, executive vice president of the Lantmännen Energy Sector and CEO of Lantmännen Biorefineries.
The companies will showcase their plant protein innovations at Food Ingredients Europe in Frankfurt, Germany, from November 19-21, 2024.

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