- ADM News
ADM, Vland to Launch Joint Venture to Serve Growing Chinese Demand for Human Probiotics
ADM and Qingdao Vland Biotech Group Co., Ltd. (Vland), a leading producer of enzymes and probiotics, today announced that they have agreed to form a joint venture to serve growing Chinese demand for human probiotics.
“This exciting new joint venture represents the latest expansion in our full-scale global health & wellness business, which is helping propel growth across our entire human and animal nutrition portfolio, and creating value for ADM and customers alike,” said Vince Macciocchi, president of ADM’s Nutrition business. “We’re excited to partner with Vland to help meet the needs of consumers who are becoming increasingly aware of the strong linkage between health of the gut microbiome and their overall health. Retail demand for probiotics in China is estimated to be $1 billion in 2022, with annual growth of more than 9 percent, and we believe this new venture – powered by the expertise and experience of both ADM and Vland – is perfectly positioned to play a leading role in meeting that demand.”
ADM Named to Fortune’s 2021 Change the World List
ADM has been ranked 27th on Fortune's 2021 Change the World list, a global ranking of the top companies making a positive social impact through business practices that are integral to their core corporate purpose.
As part of its mission to unlock the power of nature to enrich quality of life, ADM has been at the forefront of pioneering innovation in protein for more than seven decades. In the 1950s and 1960s, an ADM scientist invented textured vegetable protein (TVP®), which the company patented as the first plant-based meat alternative and used to create the world’s first soy-based patty in 1991. The product triggered a plant-based revolution that has now gained traction with customers and consumers worldwide.
Today, ADM focuses on optimizing taste, texture and functionality to create protein nutrition solutions that cater to a variety of cultures around the world. The company has also differentiated itself from all others in the market through large-scale investments in cutting-edge protein solutions spanning plant-based, cell-based, microbial fermentation, insect and more.
Supporting Sustainable Soy Production in India
In India, ADM identified an opportunity to support smallholder producers with improving their practices and accessing lucrative markets for organic and non-GMO soy. As the world’s premier agricultural origination and processing company, ADM knew that by implementing more sustainable practices, soy farmers would benefit from higher profit margins while becoming better stewards of natural resources.
For nearly two decades, ADM has worked with local and government partners to support a group of smallholder soy growers in the Indian states of Maharashtra and Karnataka. Under the partnership, ADM and India’s Ministry of Agriculture aim to increase the income of small and midsize soybean growers by improving crop productivity and assisting farmers with efficient agricultural inputs, resource conservation, extension services, and market connections.