The German company Gelita and the U.S. company Geltor are cooperating in the development of biotechnologically. They are producing collagen proteins for the vegan food market.
The long-established German company Gelita is the world market leader for collagen proteins. They are also the head pioneer on the market for animal-free collagen.
The U.S. biotech company Geltor intends to develop vegan collagen for the food and beverage market. Both companies have plenty of experience with biotechnological collagen proteins.
Collagen forms the basis for gelatine. Until now, companies obtained collagen from animal residues such as the connective tissue of pigs and cattle. Gelita has been marketing gelatine for 144 years and has since gone worldwide. Now, the company wants to enter the vegan market
Geltor is already developing animal-free collagen proteins for the skincare market. This includes Column, collagen from a marine animal, and HumaColl21, a human- developed collagen.
Premiere on the food market
“Our decision to invest in biotechnology is an excellent example of our commitment to innovation and the recognition of market needs,” says Hans-Ulrich Frech, who is responsible for collagen peptides at Gelita.
This complements the company’s existing portfolio of bioactive collagen peptides and strengthens its position as a market leader. Gelita wants to take care of the registration studies and the subsequent marketing of the vegan gelatine for the food and beverage market.
They planned the market launch for the end of 2020. These are the first consumable biotechnologically produced collagen proteins in the world.
The Medical cannabis sector is another key growth area
Another key growth area for biotechnological companies will come from medical cannabis. Medical cannabis is becoming more popular as an alternative to opioid-based pain management solutions.
The European medical cannabis market is expected to double in size over the course of 2019 and be worth $123 billion by 2028. Both cannabis investors and biopharmaceutical investors are beginning to view medical cannabis as a key growth area.
With that said, it is an emerging market and cannabis investment tools like Hemp.IM is key for both experienced and new investors in this dynamic sector.
First published in BIOOKONOMIE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why Palate Club’s “Netflix for wine delivery” algorithm is a watershed moment for the wine industry
The wine industry is facing a number of difficult challenges. High competition, opaque marketing practices, and fewer routes to market...
Capitalium and Raizers join forces to launch a European investment fund
Capitalium and Raizers have established themselves as leading players in their respective markets. The two companies are launching a partnership...
The popularity of cryptocurrencies is growing in Africa
The African continent has great potential for cryptocurrencies. A report by Arcane Research and Luno argues that the region is...
Donations to tackle the coronavirus pandemic amount to impressive sums
On May 20th, the Assistance Publique-Hôpitaux de Paris announced that it had collected $45 million (€41 million), in particular thanks...
Swiss biotech companies are trying to find an antidote for Alzheimer’s disease
EPFL spin-off GliaPharm announced a $1.55 million (CHF 1.5 million) fund raising from the American company Gliaven LLC, bringing the...
Featured4 days ago
The Italian cryptocurrency exchange Young opens its second financing round
Featured7 days ago
Nubi enters into a partnership with Visa International
Business6 days ago
How to find your grit and stay scrappy during a recession
Business6 days ago
How Leaf Mobile (TSX.V: LEAF) has created the blueprint for mobile gaming success with the Cheech & Chong Bud Farm game