Aligning plant-based protein supply with demand
Plantrients was incorporated in 2021 by a group of investors to build and commission a wet pea fractionation facility with an annual processing capacity of 100,000mt in the City of Moose Jaw (Saskatchewan, Canada) from 2023 to 2026.
With the global plant-based food market expected to reach an approximate $250 billion CDN in sales by 2035, Canada is on the precipice of a significant opportunity. We anticipate the sector can supply the ingredients for 10 per cent of the world’s plant-based food and beverage products by 2035—a $25 billion boost to our economy.
Protein Industries Canada
Based on the latest projections, today’s market cannot satisfy the growing demand for plant-based proteins. Consequently, food companies across the entire value chain must reconsider their position in the alternative protein market if they wish to profit from the rising demand.
The global pea protein market for is anticipated to rise during due to increasing demand for a high protein diet and rising vegan population. The market size is anticipated to grow from USD 464.60 million in 2021 to USD 1,026.12 million in 2028 at a CAGR of 12.0% during the projected period.