VANCOUVER, BC / ACCESSWIRE / November 22, 2022 / Nepra Foods Inc., (“Nepra”) (CSE:NPRA)(FSE:2P6.F)(OTCQB:NPRFF), Creator of Nutritious, Allergen-Free, Plant-Based Foods, Announces Commercial Production and In-Plant Testing of its Essential Brand Egg White Replacement Powder (EPB-ER1), a proprietary plant-based egg white powder replacement for use in wholesale bread bakeries where the producer wishes to eliminate or reduce eggs in an existing product formulation.
Most recently released plant-based egg replacers are designed to replace the flavor and texture of a variety of cooked whole eggs, such as scrambled eggs. Nepra’s EPB-ER1 is designed specifically for commercial bakeries that currently use powdered egg white made from chicken eggs but are looking to switch to an animal-free alternative. Powdered egg white is a critical ingredient for commercial bakers who need the functional protein component that is unique to chicken-based egg whites. Nepra’s new egg replacement protein creates a great structure in baked goods, much like the structure of a meringue. That same structure is essential in many baked goods, especially gluten-free products that don’t have gluten protein present to stabilize their bakes.
Gluten-free bakeries have searched for years for a viable substitute for egg whites. Companies have brought ingredients to the market to try to provide this, but most are starch based and don’t work as well. Nepra Foods has been working on this technology for years and has now proven that its proprietary vegetable protein-based version is a true replacement for egg whites in most baked goods, and more importantly, bread. without gluten. The size of the global gluten-free bakery market was valued at $1.64 billion in 2021, with gluten-free bread accounting for 36.3% of the market share. The market is expected to register a compound annual growth rate (CAGR) of 10.8% between 2022 and 2030, forecast with a valuation of $4.15 billion in 2030.1
This technology comes at an opportune time when the global supply of poultry products is falling at a dizzying rate. As of early October 2022, more than 47 million birds have died due to HPAI infections and cullings that have occurred in the attempt to contain the outbreak.two This sudden decline in poultry populations has skyrocketed the prices of chicken eggs. This year, the impact on domestic markets has been more severe than in the 2014-15 ‘bird flu’ outbreak, which is considered the largest HPAI outbreak in history. The wholesale price of powdered egg whites has increased 165% since the beginning of 2022 and more than 300% since 2017.3
“When I talk to fellow bakers around the world, they are all struggling with the recent rise in egg white prices and reduced supply. Bakeries have gone through these egg price fluctuations in the past with outbreaks. bird flu, but there has never been a viable solution. alternative to meet your needs. It’s taken us a long time to finally get to the point where we have the right combination of different plant proteins, extracted correctly, that create the functionality we need to provide the industry with a true solution. With this new ingredient, bakeries can finally get real eggs out of their formulations forever and not be subject to these extreme market fluctuations in the future. As an added benefit, removing the eggs from these products allows the majority of them to become allergen-free and suitable for vegan diets which will broaden their market.” -Chadwick White, Founder and Chief Innovation Officer, Nepra Foods.
Nepra Foods is working with partners and suppliers around the world on short-term and long-term planning to ensure the necessary supply of these unique plant proteins to meet growing demand and create stable prices for its customers. Nepra expects demand for the product over the next 12 months to exceed 900,000 pounds.
About Nepra Foods
Nepra Foods Inc. headquartered in Centennial, Colorado. Founded in 2017, Nepra Foods operates as a vertically integrated healthy plant-based food and ingredients company. The Company’s products include various products ranging from plant-based dairy and meat alternatives to snack foods and baked goods, backed by a line of specialty ingredients, and are offered to commercial food manufacturers and direct-to-consumers under the brand names of the Company’s consumer packaged goods.
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