Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 284

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 284
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 in grocery stores; however, we do not believe that any banana snack has been offered prior to our “Chewy Banana Bite”
product that is of similar quality.

Our
“Pineapple Chip” product is made up of 100% dried pineapple slices. The Pineapple Chips are made from real pineapple slices
and offer a fresh pineapple flavor.

In addition,
we recently added two vegetable-based snacks, Brussels Sprout Crisps and Bell Pepper Crisps to our BranchOut branded product line.

BranchOut
Private Label

We
also manufacture and supply products to major retailers in North America on a private label basis. The business line allows us to manufacture
and supply fruits and vegetables from South America to the distribution centers of major US retailers.

BranchOut
Industrial Ingredients

While
BranchOut remains focused on the growth of its branded snack business, demand for industrial ingredients has continued to increase as
we expand our market presence. To accelerate the scaling of this growing business line, we have entered into an Agreement with MicroDried,
a market leader in premium dried ingredients. This partnership leverages MicroDried’s strong industry relationships and sales infrastructure
alongside BranchOut’s proprietary GentleDry™ technology. Under the agreement, the companies will collaborate on the production
and commercialization of fruit and vegetable pieces, powders and fragments, manufactured at our Peru Facility. The collaboration is expected
to generate several million dollars in annual ingredient sales for BranchOut, with upside potential as the partnership expands.

Products
in Development

We
are currently working on several new items at the request of major national retailers, consumer product brands and ingredient manufacturers
for their private label brand, as well as our own brand. In addition, we have been in discussions with the U.S. Army about the possibility
of including certain of our products in their Meals Ready-to-Eat for their personnel. The U.S. Army has asked us to develop snack concepts
for sensory and shelf-life testing, which is currently in progress. Separately, we have been developing a line of salad toppers with
one of the largest salad dressing producers in the U.S.

 3 

Industry

We
operate within the U.S. grocery market, which reached approximately $1.5 trillion in 2024, making it the largest retail sector in the
country by sales volume. Within this market, BranchOut is focused on the growing demand for clean-label, minimally processed snack products
that meet modern consumer expectations for quality, convenience, and