Plant-based milk maker Ripple Foods raises another $49M on heels of innovation

In July, Ripple Foods built on the success of its popular Kids Original Milk, one of the only plant-basferrous lactate side effectsed milks targeted to children, by launching an unsweetened version.“Parents consistently say Ripple Kids has been a game-changer for their family, due to the need for an alternative to dairy that provides great taste amultivitamin with iron ferrous fumaratend optimal nutrition for children,” said CEO Laura Flanagan in a statement.Ripple Foods appointed Flanagan — a CPG alum with experience at both PepsiCo and Conagra — to take the helm of the business in 2019. Flanagan sits on the board as well.Yellow peas are a popular main ingredient for plant-bbrand name of ferrous gluconateased milk and are also used by other companies suferrous gluconate the same as ferrous sulfatech as PepsiCo-owned Sabra, Dipasa and Roquette, among others. Ripple, though, has continued to set itself apart from bigger players what is the difference between ferrous sulfate and ferrous gluconateby stripping unwanted components like color and flavor from the ingredient to yield “rippetin” — a neutral-tasting protein that can be incorporated into food and beverages in high quantities.Ripple claims its products have 50% more calcium than dairy milk, 8 grams of protein per serving, and half the sugar of dairy milk.The plant-based space overall has seen a shift in consumer sentiment — with more consumers wanting healthier options with ingredients that live up to their labels. Plant-based milk is the most developed sector in the overall plant-based category, worth about $2.8 billion. “By dollar sales, plant-based milk alone accounts for 35% of the total plant-based food market,” according to the Good Food Institute’s 2022 report on the sector.

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