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Perfect Day, ADM Sign JDA to Jointly Develop and Commercialize Animal-free Dairy Proteins

Animal-free ice cream in a bowl

Perfect Day, a global leader in the research, development and production of animal-free dairy, has announced a joint development agreement with Archer Daniels Midland Company (NYSE: ADM) to develop and commercialize animal-free dairy proteins.

Under this agreement, the companies will work together to optimize and scale up the production of dairy proteins using fermentation in microflora. These animal-free dairy proteins will be the first in the world to be produced at large scale via fermentation instead of using farmed animals, which have historically been the only way to produce dairy proteins.

Animal-free dairy proteins will not only offer consumers the option to have a lactose-free, animal-free alternative to conventional animal-based dairy, but also provide a portfolio of nutritious and functional, high-purity proteins with similar taste and nutrition profile of dairy proteins for a wide range of food and beverage applications.

This partnership brings Perfect Day substantially closer to introducing a new category of ingredients to the food industry, and participation by an established market leader highlights its strong prospects for creating a sustainable supply of protein.

“ADM has been a leader in plant proteins for decades,”said Victoria de la Huerga, vice president, ADM Ventures. “We are excited to work with Perfect Day to launch a complementary source of dairy protein that could lead to a myriad of opportunities for food innovators and consumers.”

Ryan Pandya, cofounder and CEO of Perfect Day, said, “We are on a journey to bring sustainable, nutritious and delicious dairy to everyone. We are thrilled to partner with ADM, a global leader in fermentation, to accelerate our path to market. With this partnership, we will enable brands to make your favorite foods in a kinder, greener way.”

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 31,000 employees serving customers in more than 170 countries. With a global value chain that includes approximately 500 crop procurement locations, 270 food and feed ingredient manufacturing facilities, 44 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.

About Perfect Day

Perfect Day is a global leader in the research, development and production of animal-free dairy.  Our protein provides the same nutrition and functionality as conventional dairy protein with less environmental impact, and without compromising on taste. Perfect Day’s mission is to help people enjoy the dairy foods they love, while leaving a kinder footprint on the planet. In partnership with industry experts and stakeholders, Perfect Day is leading efforts to increase access to high-quality sources of protein while supporting a healthy food system.