Joywell Foods is a food technology company based in California that is set to disrupt the alternative sweetener market by introducing an all-new sugar substitute made from sweet proteins. In 2020, the company was able to secure $6.9M in Series A funding, which allowed it to further develop its technologies and ready its production processes for commercial scale.
Now, the company has officially entered its commercialization phase, announcing that it will be launching its first sweet protein beverages this fall. No doubt, the introduction of this new protein-based sweetener poses a challenge to producers of other sugar alternatives, which primarily rely on stevia and, more recently, monk fruit.
The company's specific sweet proteins include Thaumatin I and II, Brazzein, Pentadin, Curcumin, Mabinlin, Monellin, Lysosome, and Miraculin.
Sweet Protein-Infused Beverages
Joywell Foods Will Launch New Sweet Protein Sugar Substitutes
Trend Themes
1. Sweet Protein-sweetened Products - Introducing sweet proteins as a sugar substitute poses an opportunity for companies to create innovative sweet protein-sweetened products such as beverages, desserts, and snacks.
2. Protein-based Alternatives - Increasing demand for protein-based alternatives provides an opportunity for companies to develop innovative food products that cater to health-conscious consumers.
3. Sustainable Sweeteners - The use of sweet proteins as a sustainable and renewable source for sugar substitutes presents an opportunity for companies to create environmentally-friendly food products.
Industry Implications
1. Food and Beverage - The food and beverage industry can adopt the use of sweet proteins in various products to cater to health-conscious consumers and sustainably-minded customers.
2. Health and Wellness - The health and wellness industry can leverage the protein-based sweeteners to develop innovative and nutritious food products that cater to customers looking for healthier alternatives.
3. Agriculture and Sustainability - The agriculture and sustainability industry can benefit from the production of sweet proteins as a sustainable and renewable source for sugar substitutes, catering to a growing demand for eco-friendly alternatives.