Natural Products

What Natural Products does

Natural Products, Inc. (NPI) is a Grinnell, Iowa-based manufacturer of full-fat soy ingredients and other pulse-based ingredients such as chickpeas, sourced exclusively from non-GMO or Certified Organic soybeans. Founded in 1995 and operating with a workforce in the 11-50 range, NPI served business-to-business customers across food and beverage manufacturing and the nutraceutical industry, providing ingredient solutions that are plant-based, non-GMO, organic, and gluten-free. Its product portfolio emphasizes both nutritional and functional improvements across multiple food categories, supported by Non-GMO and Certified Organic supply chain certifications. Pricing is not publicly disclosed and NPI operates on a horizontal B2B ingredient supply model.

NPI was acquired by Grain Processing Corporation (GPC), a member of the KENT Corporation family of companies, on July 6, 2022, in a transaction described as a "family-to-family, Iowa-to-Iowa" deal. The acquisition positioned NPI's plant-based, non-GMO, organic, and gluten-free ingredient capabilities as an extension of GPC's existing portfolio of corn starches, maltodextrins, and high-purity alcohol serving food, nutraceutical, pharmaceutical, personal care, and industrial starch end markets. Post-acquisition, NPI operates as part of GPC, which itself sits within KENT Corporation, a diversified privately-held corporation employing more than 2,000 people across 40 locations in 20 U.S. states and seven countries. NPI's Grinnell-based soy and chickpea milling operations have subsequently served as the foundation for further GPC expansion into specialty flour milling and a broader PURE-PULSE branded pulse-based product line.

Name

Natural Products

Legal name

Natural Products, Inc.

Website

https://npisoy.com

Company type

Private

Founded year

1995

Operating status

Acquired

Headcount range

11–50 employees

Short description

Natural Products, Inc. (NPI) is a Grinnell, Iowa-based manufacturer of full-fat soy and pulse-based ingredients from non-GMO and Certified Organic soybeans, serving food, beverage, and nutraceutical manufacturers. Acquired by Grain Processing Corporation (KENT Corporation) in July 2022.

Ownership category

akta.pro rank

Product category

Plant-Based Food Ingredients

NAICS

Soybean and Other Oilseed Processing (311224), Grain and Oilseed Milling (3112), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Grain Mill Products (2040), Miscellaneous Food Preparations & Kindred Products (2090)

akta.pro primary industry

Plant-Based Protein Ingredient Producers (Isolates, Concentrates, Texturates) (AFANAKAB)

akta.pro secondary industry

Foods for Special Dietary Needs Manufacturing (Gluten-Free, Allergen-Free, Low-FODMAP, Low-Sodium) (AFAKAJAD)

Keywords

• Plant-based ingredients
• Soy ingredient manufacturing
• Organic non-GMO soybeans
• Pulse processing ingredients
• Gluten-free food ingredients

Headquarters

HQ city

Grinnell

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Natural Products, Inc. manufactures full-fat soy ingredients from non-GMO or Certified Organic soybeans and processes pulses such as chickpeas. The company supplies plant-based, non-GMO, organic, and gluten-free ingredient solutions that provide nutritional and functional improvements to food, beverage, and nutraceutical manufacturers.

Product overview

Natural Products, Inc. (NPI) operates as a manufacturer of plant-based food ingredients, primarily producing full fat soy ingredients from non-GMO or Certified Organic soybeans along with other pulse-based ingredients like chickpeas. The company offers a portfolio of gluten-free ingredient solutions that provide nutritional and functional improvements across multiple food categories. Following its acquisition by Grain Processing Corporation (GPC) in July 2022, NPI's ingredient solutions complement GPC's existing portfolio of corn starches, maltodextrins, and high purity alcohol for food, nutraceutical, pharmaceutical, personal care, and industrial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Fat Soy Ingredients
• Chickpea (Pulse) Ingredients
• Certified Organic Soy Ingredients
• Non-GMO Soy Ingredients
• Gluten-Free Ingredient Solutions

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Grain Processing Corporation (GPC)coreOthers · 6 July 2022GPC, a member of KENT Corporation family of companies, completed acquisition of Natural Products, Inc. (NPI) business on July 6, 2022. NPI became part of GPC's portfolio, expanding GPC's functional and nutritive ingredient solutions. NPI's plant-based, non-GMO, organic and gluten-free ingredient solutions complement GPC's field to family portfolio of businesses. This was described as a family-to-family, Iowa-to-Iowa acquisition.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Cargill: Cargill is a global agricultural and food ingredient giant with extensive plant-protein capabilities including the PURIS pea protein business, broadly competing with NPI in non-GMO, organic, and plant-based ingredients for food manufacturers.
• Archer Daniels Midland (ADM): ADM is one of the world's largest agricultural processors and ingredient suppliers, with a broad plant-based protein portfolio spanning soy, pea, and other plant proteins that overlaps with NPI's full-fat soy and chickpea ingredient offering.
• Glanbia Nutritionals: Glanbia is a global nutrition company with a substantial plant-based protein and ingredient platform serving food, beverage, and nutraceutical customers, broadly comparable to NPI in nutritional and functional ingredient solutions.
• Ingredion: Ingredion is a major ingredient solutions provider serving food, beverage, and nutraceutical customers with plant-based proteins, starches, and clean-label ingredients, comparable to NPI as a B2B ingredient supplier to the same end markets.
• Kerry Group: Kerry Group is a global taste and nutrition company that develops plant-based protein and clean-label ingredient systems for food and beverage manufacturers, competing with NPI in functional and nutritional ingredient solutions.

Direct peers

• Roquette: Roquette is a global leader in plant-based ingredients, including its NUTRALYS plant protein range and a strong pea protein franchise, directly competing with NPI's full-fat soy and chickpea ingredient offerings to food and nutraceutical customers.
• AGT Foods: AGT Foods is one of the largest pulse processors globally, producing pulse-based flours, proteins, and ingredients including chickpea-based products, directly comparable to NPI's chickpea processing capability and pulse ingredient offering.
• Axiom Foods: Axiom Foods is a specialty plant-based protein ingredient supplier offering rice, pea, and other plant proteins for food and beverage manufacturers, with a similar niche, clean-label positioning to NPI's non-GMO and organic soy and chickpea ingredients.
• Best Cooking Pulses: Best Cooking Pulses is a Canadian processor of chickpeas, peas, lentils, and beans into flours, proteins, and ingredients, directly comparable to NPI's pulse processing capability and ingredient-supply business model.
• Solae (Bunge): Solae, now part of Bunge, is one of the most established soy protein ingredient suppliers globally, directly competing with NPI in full-fat and functional soy-based food ingredients for food, beverage, and nutraceutical manufacturers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/npisoyingredients
• LinkedInlinkedin.com/company/natural-products-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Natural Products