The U.S. cannabis market size is expected to reach $40.0 billion by 2030, growing at a CAGR of 14.9% over the forecast period, according to Grand View Research Inc.
Lactalis Canada's expansion in this category will grow the company's plant-based offering which currently includes products such as Sensational Soy, Lactantia margarine and Siggi's coconut-based yogurt alternative.
On August 11, the U.S. Food and Drug Administration is providing an update on additional steps it has taken that will lead to more infant formula available in the U.S. under the agency's recent increased flexibilities.
Through the collaboration, ADM will process and commercialize a portfolio of proprietary ingredients derived from Benson Hill Ultra-High Protein (UHP) soybeans through an exclusive North American licensing partnership.