Glacier FarmMedia – Producers who weren’t paid for deliveries to Global Food and Ingredients Inc. (GFI) will be paid 75 cents on the dollar for their claims the Canadian Grain Commission (CGC) said today. The CGC is also working with GFI’s receiver to realize on proceeds from the sale of the company’s grain inventory. Those […] Read more
Tag Archives plant-based protein

Plant-based food comeback?
WINNIPEG — The stock chart for Beyond Meat Inc. is not a happy story. In October 2020, Beyond Meat was trading around US$190 per share. This winter and spring the stock was $7 to $9 per share, which means the California company is now worth about $500 million. That’s down from $12 billion in 2020. […] Read more

Plant-based protein sector learns from recent downturn
Industry officials say they have learned lessons from recent marketing challenges and remain positive about the future
Lessons have been learned from the downturn in the plant-based protein marketplace, including what could have been done differently when it came to marketing, product development and consumer expectations. Attendees heard that message during a panel of industry representatives in the plant-based ingredient space at the recent Agri Tech Venture Forum in Toronto. “The problem […] Read more
New project puts fababeans in the spotlight
Companies sign onto Protein Industries Canada initiative to boost plant protein, and fababeans are one of the stars
Glacier FarmMedia – A new $24.5-million project backed by Protein Industries Canada includes a group of plant protein companies working to tackle some of the sector’s biggest hurdles. The national cluster for protein is teaming up with Roquette, Prairie Fava, BioNeutra and Plant Up to improve innovation, come up with more diversified products and improve […] Read more
Grain commission revokes GFI licenses
Global Foods and Ingredients shut down operations May 7
UPDATED – to include new information from the Canadian Grain Commision – May 16, 2024 – 1305 CST WINNIPEG — The Canadian Grain Commission has revoked six licenses for Global Food and Ingredients, a plant-based and plant protein company with facilities in Saskatchewan. The CGC pulled the licenses as of May 16. “We’ve revoked Global […] Read more

France issues new ban on plant-based ‘meat’
PARIS (Reuters) — France issued a ban in late February on using terms like steak and ham for plant protein products, a second attempt by the government to regulate meat alternatives as it tries to mollify livestock producers at the heart of farmer protests. A growing market for plant-based protein products has riled a French […] Read more

Faba bean research means high protein, less gas
UPDATED – March 25, 2024 – 0825 CST – Glacier FarmMedia – Let’s get the obvious part out of the way. By separating “the good stuff” (protein, starch and dietary fibre) from faba beans, a University of Alberta researcher has improved on a process that minimizes human flatulence from eating them. That issue has long […] Read more

Protein sector faces labour crunch: report
SASKATOON — Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report. “The danger here might be that the sector might not live up to its potential,” said Nicholas Renzetti, research associate with Smart Property Institute, the […] Read more

Plant-based meat business remains half cooked idea for now
Beyond Meat, Inc., founded in 2009, has had almost 15 years to build a product line that is — as its name claims — beyond meat and, by some business metrics, it has. After all, the company, whose market capitalization was pegged at $1.3 billion when it went public in 2018, recently reported April-to-June 2023 […] Read more

Study predicts growth in plant-based meat sales
The future for plant-based protein is bright despite recent setbacks, according to a new Ernst & Young study. Demand for the product is expected to be strong in the wake of a global pandemic that led to an economic slowdown in 2022. Ernst & Young is forecasting US$139.4 billion in global plant-based meat sales by […] Read more