A recent study found the Global Water Lentil Protein market is projected to surpass US$165.6 million, registering a compound annual growth rate (CAGR) of 8.8% from 2022 to 2032 (Future Market Insights).
Water Lentil protein market leaders include Pontus Protein Ltd. (TSXV:HULK), Hinoman, Plantible Foods and Ingredion (NYSE:INGR).
Water Lentils, also known as ‘duckweed’, are a type of plant with little round leaves drifting on the outer layer of the water, regularly present in garden lakes. Water lentils get the ‘duckweed’ name due to their benefits for ducks who truly benefit from water lentils. Water lentils do not support microscopic organisms, infections, or prions, making them a secure protein source safe for consumption by humans and other species like chickens and pigs.
This ‘wild-growing ‘weed’ has found itself in the center of the new health-conscious plant-based protein movement. Plant-based protein products are expected to see an increase in demand, especially from the fitness industry. Leaders in this industry are enhancing their manufacturing capacity and capabilities by embracing cutting-edge technologies.
Pontus Protein Ltd. (TSXV:HULK), for instance, has a ground-breaking technology that allows it to grow its fully organic Water Lentils utilizing 5% of the water traditionally used in the cultivation of water lentils. HULK.V’s proprietary machine learning technology dubbed, CEVAS™ (Closed Environment Vertical Aquaponics System). CEVAS™ can automatically fine-tune environmental parameters within the production farm to boost productivity, maintain the health of the environment for the plants and fish, save on energy, and act as a smart security system.
Pontus’ CEVAS system is so impressive that company CEO, Connor Yuen said HULK.V is “working towards consulting other plant-based food companies in sustainable agritech.”
SOLVING THE WATER SCARCITY CRISIS
Water scarcity is one of the largest crises facing humanity. According to the United Nations, “By 2025, 800 million people will be living in countries or regions with absolute water scarcity, and two-thirds of the world population could be under stress conditions.”
A technology like Pontus’ CEVAS system that can grow crops with 5% of the usual water necessary could be a game-changer.
While the technology was originally developed for water lentil cultivation, it wouldn’t be the first time an invention with a niche scope became much larger than its initial intention.
-The internet was invented for military purposes
-Coca-Cola was originally created as a way to counter morphine addiction.
-Play Dough’s first purpose was to clean wallpaper.
WATER LENTIL PROTEIN INVESTMENT GROWING
In September, food-tech company Plantible Foods Inc. closed a $21.5 million Series A funding round led by Astanor Ventures. Plantible’s total raise is now at $27 million.
Plantible Foods’ Lemna doubles in mass every 48 hours.
Pontus (TSXV:HULK) is able to harvest its water lentils every 24 hours.
As a public company, investment in HULK.V is open to both large and small individual investors as well as institutions.
PONTUS’ LATEST NEWS
Pontus Protein Ltd. (TSXV: HULK // OTC: HLKKF), a sustainable farming technology, plant-based protein producer with an ESG focus, recently added two new Directors to the company’s Board, David Enser, President of Revolution Tea and Frank Port, Founder and CIO of Bridgeport Capital Inc. Enser will help the company with its product launch and Port will help the company navigate the capital markets.
These new appointments are a sign that Pontus is moving in the right direction, investors should take note.
READ A RECENT INTERVIEW TRANSCRIPT FEATURING PONTUS CEO, CONNOR YUEN, HERE
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