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- Results have confirmed Wide Open Agriculture’s (WOA) lupin protein can be used for multiple food products
- Nutritional analyses have shown that WOA’s production process keeps the quality of the lupin
- Additionally, the lupin can also potentially be used in beverages to be a dairy replacement product for hot drinks and a high protein ingredient in cold liquid nutrition and sport shakes
- The plant-based protein market is estimated to reach US$15.6 billion by 2026, with Asia Pacific projected to record the highest growth during this period
- On the market this morning, WOA is up 4.09 per cent and is trading at 89 cents per share
Results have confirmed Wide Open Agriculture’s (WOA) lupin protein can be used for multiple food products.
Nutritional analyses have shown that WOA’s production process keeps the quality of the lupin, unlocking its significant commercial potential to be a plant-based protein source.
Previous barriers for lupin to be used across various food categories relate to its texture and capacity for gelling and thickening. WOA can now confirm that these initial barriers have now been overcome.
Lupin can potentially be used for plant-based meat alternatives, such as vegetable burgers, high protein noodles, protein-enriched plant-based milk and egg white replacer.
Not only do these results show lupin can be used for food, but they can also be used in beverages too. Lupin protein has the potential to be a dairy replacement product for hot drinks and a high-protein ingredient in cold liquid nutrition and sport shakes.
Interestingly, lupin protein can also be texturised to resemble yogurt or soft cheese.
“The laboratory results are extremely encouraging and provide an excellent foundation to continue rapidly working towards proof-of-concept food and drink products with our patented lupin protein,” CEO Ben Cole said.
The plant-based protein market is estimated to reach US$15.6 billion by 2026, with Asia Pacific projected to record the highest growth during this period.
On the market this morning, WOA is up 4.09 per cent and is trading at 89 cents per share at 10:30 am AEST.
