Israel: Ingredion invests in chickpea company InnovoPro

Ingredion, a multinational ingredient provider based in Westchester, Illinois has invested in InnovoPro, a foodtech chickpea company, The Jerusalem Post has reported.

Headquartered in Richpon, InnovoPro is focused on the global protein ingredients market by offering sustainable chickpea protein products that are clean label and provide neutral taste while maintaining nutritional value, functionality and desirable texture.

Michael Natale, global leader of Ingredion’s plant-based protein platform, said: “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 capitalising on the trends shaping the food industry. InnovoPro is a recognised innovator in the food industry, and together, we are poised to breakthrough with great tasting and functional chickpea solutions.”

InnovoPro’s chief executive Taly Nechushtan, added: “We are looking forward to this great partnership with Ingredion. In the years ahead, we intend to significantly increase our growth trajectory as we are transforming to a platform of chickpea ingredients. Based on our unique chickpea protein, we now offer a variety of solutions that allow us to expand from dairy alternatives to additional markets, such as meat analogues, egg replacers, and more, to inspire consumers with healthier and tastier solutions.”