December 09, 2019 | Crain's Chicago Business
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What Plant-Based Protein Future Means for ADM

Agribusiness giant has moved into new arena with plant protein facilities in Brazil and North Dakota

Archer Daniels Midland is peering toward a future where the market for plant-based proteins is growing.

The agribusiness giant has moved into this new arena with plant protein facilities in Brazil and North Dakota, plus a partnership with Brazil's Marfrig Global Foods to make a vegetable burger, reports Crain's Chicago Business.

ADM is allocating more capital toward "downstream" businesses, including plant proteins, says Morningstar analyst Seth Goldstein.

As the market for plant-based proteins grows, they can slowly ramp up production.

"There's no reason to say that [ADM] not going to be a major player in the (alternative) protein space," David Katter, an analyst at Robert W. Baird, told Crain's.

Read the full report here.

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