The EVERY Company is a trailblazer in the food industry, pioneering the use of animal-free protein to create a more sustainable and compassionate world. Their innovative approach is changing the game for food manufacturers and consumers alike.
Their protein is made from microorganisms, such as yeast and bacteria, that are specifically designed to produce high-quality protein. This process is more efficient and environmentally friendly than traditional animal-based protein production.
The EVERY Company's technology has the potential to significantly reduce greenhouse gas emissions and water usage in the food industry. By using microorganisms, they can produce protein without the need for land, water, or feed, making it a more sustainable option.
Their animal-free protein can be used in a wide range of food products, from dairy alternatives to meat substitutes. This versatility makes them a key player in the growing market for plant-based and alternative protein products.
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Animal-Free Protein Products
The EVERY Company is a pioneer in animal-free protein products. They've raised a significant $233 million to date, which is a testament to the growing demand for these types of products.
Their approach involves engineering yeast strains to express proteins found in eggs through precision fermentation. This process allows them to create egg proteins without the need for chickens.
The company has secured "no questions" letters from the FDA in response to its GRAS determinations for its proteins. This is a huge milestone, indicating that their products meet the necessary safety standards.
The proteins are secreted into the broth in the tank and removed via a simple filtration process. This efficient method ensures that the final product is free from any genetically engineered yeast.
The company's products are not classified as "bioengineered" under US labeling laws, which is a significant advantage. This means that consumers can enjoy these products without worrying about any potential labeling issues.
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Customer Benefits
Customers aren't actually paying a premium for OvoPro and OvoBoost, they're either finding something equivalent or generating cost savings by using less of the products compared to egg white.
OvoPro and OvoBoost can deliver functional properties like aeration, whipping, gelling, binding, and foam stability, making them suitable for a range of applications.
A little OvoPro goes a long way, as it comprises just over 50% of the protein in egg white and is responsible for most of its functionality.
OvoBoost is a highly soluble protein that's bio-identical to a glycoprotein found in egg white, enabling new-to-the-world protein-boosted beverages and food products with a neutral sensory profile and optical clarity.
The label "animal-free egg white protein" is a consumer-friendly option for both OvoPro and OvoBoost, and "egg white from yeast" is another label that works well, especially for target audiences who prefer this option.
The EVERY Company is producing OvoPro and OvoBoost in metric tons today, and expects to reach hundreds of tons next year, with profitable unit economics by then.
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Improving Food Options
The EVERY Company is revolutionizing the food industry with its innovative approach to creating egg proteins without the need for chickens. They're using precision fermentation to remake some of these egg proteins, starting with a protein called s-albumen found in ClearEgg.
This protein is a game-changer because it has no eggy smell or taste, but is still packed with bioavailable protein. It's nearly undetectable when mixed into liquid, giving water a slight off-hue the color of an egg white.
The company's goal is to create high-quality protein ingredients that are perfect for beverage applications. With ClearEgg, plant-based milks can now have more protein than cow milk without adding extra sugar or gums to mask the flavor.
ClearEgg is also incredibly cost-effective, as it would take thousands of eggs to make one kilogram of s-albumen, making it a more sustainable option. The company is targeting beverage companies first because the ingredient meets their specific needs in protein: high solubility, high protein, and no taste or texture changes.
The EVERY Company's technology allows them to create products that are not only better for the planet and animals but also better for people.
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What's Next
The EVERY Company is on a mission to make plant-based protein more accessible and affordable.
Their innovative approach involves partnering with major food companies to integrate pea protein into their products.
In 2020, they partnered with Nestle to create a line of plant-based milk alternatives.
This collaboration marked a significant milestone in the company's efforts to disrupt the traditional dairy industry.
The EVERY Company's technology allows for the creation of high-quality protein powders and other products that are identical in taste and texture to their animal-based counterparts.
Their pea protein is also highly versatile, making it suitable for use in a wide range of applications, from baked goods to nutritional supplements.
By leveraging their proprietary technology and strategic partnerships, the EVERY Company is well-positioned to continue driving innovation in the plant-based protein space.
With their sights set on expansion, the company is poised to make a significant impact on the global food industry.
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Key Milestones
The EVERY Company has made significant strides in the plant-based industry.
Their journey began in 2015, when the company was founded by Gabi Lewis and Josh Tetrick.
In 2017, EVERY launched its first product, a plant-based egg substitute called Just Scramble.
Their egg substitute was made possible by a proprietary blend of mung bean protein and other plant-based ingredients.
EVERY's innovative approach to food production has disrupted the traditional egg industry.
In 2019, EVERY acquired a plant-based egg manufacturer, Eat Just, further expanding its reach in the market.
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Frequently Asked Questions
Is every company publicly traded?
No, The EVERY Company is not publicly traded, as it is a privately held company. You can access its private market stock price through Forge Data for more information.
Who is the CFO of The EVERY Company?
The CFO of The EVERY Company is Evan Geisert, who also serves as the founder and CEO.
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