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The Company Creating Plant Based Milk For Babies

November 30, 2023
x min read

It’s not just adults who are going plant based. Now, babies are too.

What’s happening:

  • Israeli plant based nutrition company Else Nutrition (TSXV: BABY) has raised $5M CAD in a new financing round
  • The new capital will go towards advancing the research and development of their proprietary plant based, non-soy formula for infants and children

The big idea:

  • Many dairy based formulas for babies are highly processed and contain unhealthy hormones and pesticides
  • By using plant based ingredients as an input for baby formula, there is a large reduction in chemical processing
  • Further, whole food based ingredients keep proteins intact by staying in their natural composition and not being altered by being isolated chemically

Going deeper:

  • Similar to many highly processed foods that rely on animal agriculture, dairy based infant formula is a large emitter of carbon

By the numbers:

  • Else Nutrition is currently available in more than 13,000 stores globally
  • Last year Else saw sales of approximately $8M CAD

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