Ingredion invests in FoodTech chickpea company InnovoPro

Ingredients provider Ingredion (Westchester, IL) has made an equity investment in FoodTech chickpea company InnovoPro (Israel). The companies say chickpea has a strong future in the plant protein market and that their goal is to expand its applications.

With its unique chickpea protein products, InnovoPro is expanding from dairy alternatives to additional markets like meat analogues and egg replacers. Its chickpea protein products are sustainable, clean label, and neutral tasting.

“We believe this investment will unlock huge consumer appeal for chickpea protein concentrates. InnovoPro has a strong portfolio of chickpea solutions, and we are excited about the potential for the new applications that this will enable for our customers by capitalizing on the trends shaping the food industry,” said Michael Natale, global leader of Ingredion’s plant-based protein platform, in a press release. “InnovoPro is a recognized innovator in the food industry and together, we are poised to breakthrough with great tasting and functional chickpea solutions.”