The EVERY Co, a company that produces egg proteins through precision fermentation, aims to have “profitable unit economics” next year as it increases its manufacturing capacity to meet growing demand. The company’s technology uses yeast to express proteins found in eggs, and it has received “no questions” letters from the FDA for its products. The EVERY Co has developed two main products: OvoPro, which replaces the functionality of egg whites, and OvoBoost, a highly soluble protein that is bio-identical to a glycoprotein found in egg white. The company’s pricing model is based on the functionality of ovalbumin, which is responsible for most of the binding, emulsification, foaming, and gelation properties of egg whites. This means that customers are not paying a premium for OvoPro, as they can use less of it to achieve the same results as egg whites. The company offers labeling options such as “animal-free egg white protein” and “egg white from yeast,” and it expects to produce in the hundreds of tons next year.
Next year, our business operations will generate a sustainable profit.
