Q3 2023 Earnings Report for Poultry Segment slide image

Q3 2023 Earnings Report for Poultry Segment

Plant-based protein with Tempeh Today Marel to provide the Tempeh Today project in India with essential equipment and services for tempeh production In September, Marel and CFSS B.V. in India entered into a strategic partnership to support the transformative "Tempeh Today" project in India Tempeh, a plant-based protein source made from fermented soybeans, will be produced using high-tech Small Fermentation Units (SFU's), with soybeans sourced from local farmers Founded by Henk Schouten in Bangalore in 2021, Tempeh Today promotes sustainability and addresses Indian protein deficiencies through tempeh production, with a commitment to providing nutritious meals for children and fostering local job creation Marel is committed to supporting the project by providing essential equipment solutions for the SFU's and providing assistance through service and training for the technical staff of Tempeh Today in India Following production, the tempeh will undergo processing, including dicing, forming, marinating, and packaging to create a range of products, including burgers, nuggets, ground tempeh, fries, and chips marel Global tempeh market is expected to reach USD 7.3bn by 2027 from USD 4.9bn in 2022, with Asia and Oceania being the fastest-growing market 28 28
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