Cargill and the young food technology company CUBIQ FOODS have signed a product co-development and commercial go-to-market agreement to develop and accelerate the wide-scale commercialization of CUBIQ FOODS' innovative fat technology in response to the demand for healthier, more sustainable, and better-tasting solutions.
As a result of this strategic partnership, Cargill will have access to CUBIQ's innovative technologies to help customers develop plant-based alternatives with many benefits .Cargill's existing portfolio of plant-based solutions includes protein, texturizers, and a range of traditional fats and oils, including CubIQ.'s Go!Drop .
“By embracing new technologies, harnessing our full ingredient toolbox and leveraging our global application knowledge, we’re poised to accelerate the development of the next-generation plant-based products. Ultimately, it will be a win for consumers, as we enable food manufacturers to create products and solutions with an eye toward both people and the planet,” said Vivek Cherian, Meat and Dairy Alternatives Category Leader for Edible Oils at Cargill.
The new fat technologies can be used across multiple applications and are especially relevant in the plant-based meat and dairy alternative space, where fats and oils play a crucial role in structure, taste, texture, and nutritional profile. In today's plant-based world, most options fall short of consumer expectations, but CUBIQ FOODS' line of "smarter" fats helps close the gap. They include advances in visual appearance, mouthfeel, and bite that replicate animal fat.
“Signing the joint development and commercial agreements represents the next phase in our partnership, as our groundbreaking technology is now ready for application development, production scale-up and widespread commercialization – roles that Cargill is uniquely equipped to help us advance,” said Andrés Montefeltro, chief executive officer at CUBIQ FOODS. “Together, we’ll help food manufacturers and consumers reimagine what’s possible in the quest for healthy and satisfying foods.”
As part of ongoing efforts to advance promising food technology and provide innovative solutions for customers, Cargill invested in CUBIQ FOODS in May 2022. In addition to Cargill's previous investments in alternative protein sources, including PURIS and Upside Foods (formerly Memphis Meats), the collaboration aligns with the company's ambition to be a leader in innovative food ingredients.
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