PBF: agrees product development with Döhler Group

Vancouver / CA. (pbf) Planet Based Foods Global Inc. (PBF) is pleased to announce that the Company has entered into a non-exclusive development agreement with renowned global producer DoehlerGroup. The objective of the Development Agreement is to establish a commercial relationship between Planet Based Foods and Doehler, with the intention to work towards a formal production agreement. In addition, Doehler has agreed to provide the Company with various goods and services including, but not limited to:

Doehler is a global producer, marketer, and supplier of natural ingredients, ingredient systems, and integrated solutions for the food and beverage industry. Founded in 1838, Doehler offers a wide range of products and services, including natural flavors, colors, extracts, fruit and vegetable ingredients, dairy and dairy alternative ingredients, and ingredient systems that provide texture, stability, and shelf life to food and beverage products. The company also offers customized solutions for product development.

In addition to its headquarters in Germany, Doehler has production facilities and offices in over 40 countries, including the United States, Brazil, China, and India. The company has a global workforce of over 8,500 and serves customers in more than 130 countries.

Doehler is committed to sustainability and works to reduce its environmental impact throughout its operations, from sourcing raw materials to manufacturing and distribution. The company is also dedicated to social responsibility, supporting various community initiatives.

Planet Based Foods CEO and co-founder Braelyn Davis had this to say when asked about the announcement with Doehler, «The scope of this announcement is much larger than just a proposed agreement. While our research and development teams work together to offer more product lines, we’ll be able to enter into new markets entirely, bringing our brand awareness to global audiences.»

The Company will now have the opportunity to venture into untapped markets while improving efficiencies in existing ones in the United States. Planet Based Foods has reached yet another significant milestone working with Doehler as it continues to legitimize itself as a top-tier food alternative company that focuses on being good for your health and good for the planet without sacrificing taste.

Consumers are responding with more openness than ever regarding opting for dairy alternatives. Since dairy generally contains more calories than alternative-based products, health-conscious consumers will look to substitute traditional milk with nut, soy, oat and now hemp-based alternatives. It’s now easier than ever for consumers to find the right product that matches their taste, consistency and price points. Soy milk, for example, contains isoflavones, which may reduce the risk of heart disease and breast cancer. The consumption of soy milk has also been known to increase estrogen levels in women.

Currently, hemp-based milk alternatives are not as well-known as other dairy alternatives. Still, as the market expands, those looking to reap the benefits from hemp consumption or with nut allergies should strongly consider the substitute. Hemp products generally have more protein and healthy fats than other plant-based milk alternatives. Unlike other non-dairy milk options, hemp milk contains all essential amino acids, making it a complete protein. In addition, most of the fat in hemp milk is unsaturated, including omega-3 and omega-6 fatty acids. These acids are essential for biological functions, and you can only get them through foods since your body doesn’t produce them.

According to Global View Research, the global dairy alternatives market, valued at USD 23.2 billion in 2021, is expected to grow at a 12.5 percent compound annual rate from 2022 to 2030. This growth is driven by shifts in consumer eating patterns, changes in diet trends, and increasing cases of milk allergies and lactose intolerance. As a result, many food and beverage products use dairy alternatives to appeal to the growing consumer base that is choosing plant-based options.