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Stock impact report

BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market [Yahoo! Finance]

BranchOut Food Inc. (BOF) 
Company Research Source: Yahoo! Finance
BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024 BEND, Ore., June 25, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today 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%. Eric Healy, CEO of BranchOut Food, said, “We are excited to be entering the industrial food ingredients marketplace with BranchOut Food's high quality fruit and vegetable products. Our Consumer Packaged Goods (CPG) customers have consistently highlighted a growing need for high quality, unique ingredients, and we look forward to being a trusted partner and supplier to these prominent national brands Show less Read more
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