BranchOut Food Inc. announced that it will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate (CAGR) of 4.8%. BranchOut Food is building out an internal Sales and Marketing team to pursue this channel.

The Company will attend the IFT FIRST annual expoChicago, IL. in July 2024. IFT FIRST brings together researchers, scientists, engineers and entrepreneurs from across the global food value chain to discuss scientific solutions in presentations and panels focused on transformative innovation.