SMPL - Gordon Ramsay-Backed Mission-Driven Borealis Foods Goes Public | Benzinga
There is an undeniable, growing need for access to nutritious, high-protein meals at an affordable price in our society. With the rise in health concerns and the importance of a well-balanced diet, not to mention higher grocery bills, many Americans are struggling to meet their dietary needs. According to a recent survey, 1 in 8 American households struggles with malnutrition and food insecurity. This issue is especially prevalent in marginalized communities where poverty and issues like food deserts contribute to the issue.
The issue is not just domestic. The global population is expected to reach 9.8 billion by 2050, and as it stands, the current food production systems cannot support that many people. Conflicts in places like Ukraine and the Middle East have created restricted global food supplies, driving up prices, and presented a major threat to vulnerable segments of the population like children and the elderly. One of the ways scientists are looking to remedy this issue is through the promise of innovative solutions like food tech to solve rising concerns around global food insecurity. Food tech involves leveraging innovative techniques, tools and infrastructure to enhance food composition, production efficiency, sustainability and safety.
One pioneering company making strides in food tech is newly publicly listed Borealis Foods (NASDAQ: BRLS), led by founder and CEO Reza Soltanzadeh. The company focuses on high-quality, plant-based, shelf-stable meals containing complete protein with all essential amino acids and other key ingredients. There has certainly been a trend towards healthy food, as seen with the success of Simply Good Foods (NASDAQ: