This regulatory milestone paves the way for commercialization in the United States in Q4 2023. Through precision fermentation, TurtleTree expects profitability on LF+ in 2024 and will resolve the global supply shortage.
SACRAMENTO, California. And SINGAPORE, November 23, 2023 /PRNewswire/ — TurtleTreea pioneer in sustainable nutrition, today announced that it has achieved the first-ever self-affirmed generally recognized as safe (GRAS) status for its complex functional protein: lactoferrin derived from precision fermentation, BF+—a highly sought-after ingredient that has powerful benefits for immunity, iron regulation, and gut health. This development confirms that LF+ is safe for use in food and beverages and paves the way for the commercialization of TurtleTree in the United States, targeting supply gaps in the existing lactoferrin market, as well as adding features at 35 billion dollars plant-based milk market and a wide range of adult nutrition products.
Currently retails between $750 – 1,500 per kilogram, the demand for lactoferrin far exceeds the supply and accessibility, with a increasing number of consumers seeking its benefits. Since it takes at least 10,000 liters of milk to extract just 1 kilogram of purified lactoferrin, the supply is limited and is today devoted to only a few essential foods and drinks such as infant formula, leaving little room for other applications.
With LF+, TurtleTree has addressed the challenge of increasing lactoferrin production via precision fermentation, allowing it to supplement the global shortage of lactoferrin as well as meet demand from new consumers who were previously unable to access protein due to high costs and supply. problems. This includes fortification of adult nutrition products such as protein powders, functional drinks, meal replacements for seniors and multivitamins, as well as plant-based dairy supplementation to bridge the gap functional with traditional cow’s milk.
In addition to improving scalability, TurtleTree will enable greater sustainability in the production of this powerful protein. Precision fermentation, where microbes are programmed to produce specific functional ingredients, is a much more sustainable way to produce lactoferrin. By removing high-methane emitting cows from the lactoferrin supply chain, TurtleTree can potentially reduce greenhouse gas emissions by up to 91%.
Following the commercial launch of LF+ in the United States in the fourth quarter of 2023 and leveraging its innovative technology and production methods, TurtleTree will sell LF+ with a positive gross margin – the first in the dairy protein industry through fermentation of precision in doing so. TurtleTree customers have expressed interest in purchasing 500 million dollars value of LF+ over the next 5 years.
Co-Founder and CEO of TurtleTree Fengru Lin: “Bovine lactoferrin is just the beginning. We view today’s achievements as a vital step in realizing our broader commercialization strategy and improving access to milk’s most powerful ingredients. By fortifying products with bioactive ingredients like lactoferrin, we are executing on a crucial part of our overall plan to enable more people than ever to improve their health. Our current partners share our enthusiasm, eagerly awaiting the opportunity to incorporate LF+ into their products. Together, we make sustainable, health-conscious choices accessible to a wider audience. “
Vanessa Castagna, Director of Clinical and Scientific Affairs at TurtleTree: “After extensive internal testing and rigorous evaluation by global experts in the field, our animal-free lactoferrin has been confirmed ready to enter the market. Obtaining self-GRAS marks a crucial milestone, attesting to the safety and effectiveness of our cutting-edge technology and dedication. “
Press contact: Maia Keerie, maia@turtletree.com+1 415-767-8973
About TurtleTree
TurtleTree is a biotechnology company creating a new generation of nutrition, better for the planet, animals and people around the world. Harnessing cutting-edge precision fermentation technology, TurtleTree creates better-for-you ingredients sustainably and affordably, with benefits that enhance not only plant-based foods, but also a wide variety of everyday food products.
For more information, please visit TurtleTree wwebsite and follow them Instagram, TwitterAnd LinkedIn.
Chart: Available here
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/turtletree-obtains-the-worlds-first-self-gras-for-animal-free-lactoferrin-lf-now-approved-to-commercialize-in- le-us-301996148.html
SOURCE TreeTurtle
