Incredible clues in the CC about the meat substitute market.I will post it all when Seeking Alpha puts out a printed copy of the CC. Mark from Lake Street Capital asked the question about it. To summarize Rystrom>>
1.Our traditional rice bran products could be used as a binder in such products, it helps hold it together. It would be only 1 and 1/2 to 2% of the product. So, rice bran protein would not be the ingredient, rather our old stage 2 SRB, possible a high grade stage, just a guess there. And Rystom said there would be a pretty good opportunity for our products to be part of a solution in that market.
bigbasslur found a 2017 study(file below to open) which the title says, "Use of Stabilized Rice Bran as a Replacer of Soy Protein Concentrate or Meat in a Beef and Binder Product"
My hopes there is it will be in Impossible Burger version 3. But, no guarantee there, just my own speculation. Hey, it could go in Tyson's new products or anybodies.
2. "A second area we are just starting to learn about "ancient grains" that MGI puts out, Oates and Barley. And those types of products will put us into the flow for supplying those types of ingredients into plant based meats." That was not the full quote.
Rystrom sure sounds confident and how does he know SRB would only be 1 and a half to 2 % of a product? hmmmmm. But, SRB would not be as big of sales revenue as protein. But, that could still ad up being in million of pounds of burgers. It sounds like the new product out next year will be the game changer, and Rystrom upped the potential annual sales.2 to 3X
I will put up another post on the new product later. Some info on that. No indication if it would involve rice bran protein or not, but is sounds like a game changing product.
Again, Q1 was not great, but it was the best call in company history, IMO.
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