VANCOUVER, BC /ACCESSWIRE/April 11, 2022/ Nepra Foods Inc. (“Nepra”) (CSE:NPRA)(FSE:2P6F)(OTCQB:NPRFF), the creator of nutritious, plant-based, allergen-free foods, is pleased to announce the expansion of its development of private label products and practical advice on ingredients. Nepra is building an external team of expert food developers and formulators to scale its existing business. Demand for Nepra’s consulting services has doubled in the past 12 months, making it difficult to service its growing client base with in-house staff. Nepra’s core specialty ingredients business is largely driven by independent food manufacturers looking to add new allergen-free products to their portfolios. By helping manufacturers formulate custom products using its proprietary specialty ingredients, Nepra can expand its ingredient ecosystem to generate additional recurring revenue. Examples of recent products formulated for independent food manufacturers include gluten-free pretzels, shelf-stable allergen-free bread, hemp-based cookies, and other nutritious products marketed to health-conscious consumers.
“We are continually approached by food manufacturers seeking our help in formulating new allergen-free products. We have been able to grow our consulting practice into a thriving business primarily through word of mouth. With the addition of our team of external product development, many with whom I have collaborated in the past, we will be better positioned to support a much wider customer base with our specialty ingredients,” said Chadwick White, Co-Founder and Chief Innovation Officer of Nepra Foods .
According to FoodManufacturing.com, more than half of consumers in the United States are eating more plant-based foods, and its popularity is expected to increase in 2022. Plant-based diets have increased by 300% for Americans over the past 15 years, and Global retail sales of plant-based food alternatives could reach $162 billion by 2030, up from $29.4 billion in 2020. If so, the forecast food market plant-based would represent 7.7% of the global protein market.1 Nepra’s existing expertise in alternative protein and allergen-free plant-based ingredients, combined with a new external team of industry-leading formulators, positions it for continued success in a rapidly growing market.
About Nepra Foods
Nepra Foods is founded on a passion for food. We believe eating healthy shouldn’t be hard. Everyone deserves food options that are truly nutritious and taste great. Food should not contain allergens that may prevent all family members from enjoying it together. People shouldn’t have to compromise on the quality and taste of what they eat even if they try to reduce their carbohydrate intake, don’t tolerate gluten or dairy very well, or don’t want to eat foods of animal origin. Nepra Foods is on a mission to create healthy and enjoyable food for everyone.
This press release contains statements and information which, to the extent that they are not historical facts, constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is based on management’s reasonable assumptions, estimates, analyzes and opinions in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that the management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. , including, but not limited to, statements relating to the financial performance, business development and results of operations of the Company. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking statement speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unforeseen events, except as required by law. requires, including securities laws.
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THE SOURCE: Nepra Foods Inc.
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