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News

BranchOut Food Enters The Industrial Food Ingredients Market

Author: Benzinga Newsdesk | June 25, 2024 08:38am

Industrial food ingredients expected to be a valuable additional commercialization channel

 

Company to build out internal sales and marketing team to pursue new channel

BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024

BEND, Ore., June 25, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ:BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced that it 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 (CAGR) of 4.8%.

Posted In: BOF