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Arcadia Biosciences Enters into Collaboration with Arista Cereal Technologies and Bay State Milling Company

Arcadia Biosciences Enters into Collaboration with Arista Cereal Technologies and Bay State Milling

Arcadia Biosciences, Arista Cereal Technologies and Bay State Milling Company are partnering for commercialization of high fiber wheat

CALIFORNIA: Arcadia Biosciences, a leader in science-based approaches involved in maintaining the quality standards by improving the nutritional value of crops and food ingredients, inked an agreement with Arista Cereal Technologies and Bay State Milling Company for the commercialization of its high fiber resistant starch wheat in major markets of globe, including North America, Europe and parts of Asia. As part of the agreement, Arcadia will have Bay State Milling as their commercial partner for the sales of high fiber wheat under latter company’s HealthSense portfolio. Furthermore, Arcadia will continue offering high wheat fiber under GoodWheat, trademark, in the international market excluding Japan, South Korea, Australia, New Zealand and Europe. 

CEO of Arcadia Biosciences stated that, " We are pleased to have entered into an agreement with Arista and Bay State Milling that will accelerate commercialization of our high fiber wheat in key wheat markets – and capture revenue in 2019 and beyond. Bay State Milling is an excellent partner for North America, bringing its strengths in milling, identity preserved supply chains and technical support of customer food companies." CEO of Bay State Milling further said, “We continue to see tremendous opportunity for high fiber wheat flour – particularly in the United States, where consumers are increasingly mindful about the nutrition their food delivers. As a result, our customers – food manufacturers – also are looking for ingredients with added nutritional value from natural sources. We are excited to add Arcadia’s high fiber wheat to the HealthSense brand and bring it to customers to help close the fiber gap and improve consumer health in North America. CEO of Arista Cereal Technologies stated that, “We are pleased to have reached an agreement that resolves our ongoing patent dispute and puts our focus on successfully bringing high fiber wheat to market across our wide platform. After decades of research and development, Arista focused its initial market development in North America with its partner, Bay State Milling. This agreement not only bolsters Bay State Milling’s commercial opportunities, but it also enhances the global intellectual property for all parties to the agreement.”

According to TechSci Research, this collaboration would settle the intellectual property dispute between the three companies over Arcadia's high fiber wheat. Arcadia’s high fiber wheat when compared to the traditional wheat delivers multiple times the resistant starch coupled with higher amounts of dietary fibers than traditional wheat flour. The consumer product goods companies, food manufacturers along with the food service retailers can minimize the requirement to add other sources of fiber in their formulation and thereby simplify their ingredient labels because of the high fiber content in Arcadia’s high fiber wheat. Arcadia’s high fiber wheat can provide additional health benefits to the consumers who want to continue to enjoy the wheat-based foods they love. The companies intend to jointly increase their focus on R&D activities to increase their revenues.

According to the published report by TechSci Research, Global Polyester Staple Fibre Market, By Product (Solid and Hollow), By Origin (Virgin, Recycled and Blended), By Applications (Automotive, Home Furnishings, Apparel, Filtration, Construction, Personal Care & Hygiene and Others), By Company and By Geography, Forecast & Opportunities, 2023,  Global Polyester Staple Fibre (PSF) Market is projected to reach USD 34.7 Billion by 2023 owing to the rising demand for Polyester staple fibres from the apparel and textile industries. Growing global consumption of sustainable textiles is expected to be a major factor driving market growth in the coming years. Growing awareness towards the environment and competitively cheaper price of PVR to cotton have increased PSF demand in the global market and is anticipated to drive the market in the coming years. Additionally, the increasing preference of recycled PSFs coupled with high demand from various end-use industries such as automotive, filtration, etc., is expected to act as a growth driver for the market during the forecast period.  Based on the product, the solid segment is projected to hold the largest market share by 2023, due to the flourishing textile manufacturing industry, especially in the emerging economies of Asia-Pacific. Asia-Pacific is expected to dominate the Polyester Staple Fibre market during the forecast period, due to increasing demand for Polyester Staple Fibre from end-use industries like automotive, apparel, and others coupled with economic growth, growing population, rising per capita income and changing lifestyles in countries like China and India.

According to another TechSci Research report, Global Wheat Protein Market, By Product (Wheat Gluten, Textured Wheat Protein, Wheat Protein Isolate and Hydrolysed Wheat Protein), By Application (Bakery & Snacks, Pet Food, Processed Meat, Meat Analogs, Nutritional Bars & Drinks and Others), By Form (Dry and Liquid), By Company and By Geography, Forecast & Opportunities, 2024”, the global Wheat Protein Market is projected to cross USD 2.5 Billion by 2024. The main factors propelling the growth of the market are rising growth in the food & beverages industry, increasing adoption of healthy nutritional supplements, growing incidences of lactose intolerance and surging demand for bakery products. Based on applications, the market has been segmented into Bakery & Snacks, Pet Food, Processed Meat, Meat Analogs, Nutritional Bars & Drinks and Others. In 2017, Bakery & Snacks segment dominated the market in terms of both value and volume. In 2017, Europe & CIS dominated the market due to presence of various companies and increasing R&D for plant-based protein.