Sales continue to fall, but the pulse industry says plant-based meat sector makes up a small part of pea protein market
Plant-based meat sales continue to slump in the United States, according to a new report. Sales for the meat alternatives amounted to 19.8 million kilograms for the 52 weeks ending July 2, 2023, according to a CoBank report, which used data provided by Circana. That is down 21 percent from the previous year and well […] Read moreTag Archives plant-based protein — page 2
3D printer on display at AIM takes aim at food ingredients
With the development of 3D printing, the age of Star Trek replicators. For masters student Rhea Thomas Thommana and PhD student Kashika Sethi, food replication is on the horizon as well. Thomas Thommana and Sethi were at Ag in Motion this week showcasing an ongoing 3D printing project spear headed by Michael Nickerson (Food and […] Read more
Breeding program focuses on ultra-high-protein peas
Israel-based Equinom is using artificial intelligence to create ultra-high-protein yellow pea varieties that Canadian farmers will soon be able to grow. Founder and CEO Gil Shalev said the company’s use of technology extends to being able to know early on just how much protein a plant will produce. The varieties contain between 27 and 32 […] Read more
New plant-based protein facility wave expected
Protein Industries Canada recently received another $150 million from the federal Global Innovation Cluster program
Protein Industries Canada says a second wave of plant-based protein fractionation plants is on the way. “We’ve got five or six members that are in the midst of active raises of capital that are looking to commission, break ground and get plants operational in the next five years,” said chief executive officer Bill Greuel. The […] Read more
Protein dream still lives
Plant protein proponents hope Merit Functional Foods’ tumble into receivership isn’t heard as a death knell for canola protein’s future. “I would say this is a company-specific problem,” said Bill Greuel, chief executive officer of the Protein Industries Canada research funding organization. “Although it’s an unfortunate situation, I don’t think it’s indicative of a slowdown […] Read more
Canola protein potential still seen despite Merit’s troubles
Canola promoters are anxiously watching the situation with Merit Functional Foods, the canola protein processor that has fallen into receivership. With the company quickly running out of cash, major lenders Export Development Canada and Farm Credit Canada successfully applied to the Court of King’s Bench in Winnipeg to have a receiver appointed on March 1. […] Read more
Plant-based potential touted
Reports of the death of the plant-based protein industry were grossly exaggerated, according to industry proponents. Major U.S. newspapers have reported that the 10-year plant-based protein fad is over, pointing to ominous signals such as the 80 percent plunge in Beyond Meat’s share price and meat giant JBS terminating its Planterra business. Murad Al-Katib, president […] Read more
Plant-based food advocates tout sector’s potential
Reports of the death of the plant-based protein industry were grossly exaggerated, according to industry proponents. Major U.S. newspapers have reported that the 10-year plant-based protein fad is over, pointing to ominous signals such as the 80 percent plunge in Beyond Meat’s share price and meat giant JBS terminating its Planterra business. Murad Al-Katib, president […] Read more
In bad taste
It takes about three seconds to find a report predicting that the global market for plant protein will triple, quadruple or quintuple over the next decade. In 2021, Bloomberg Intelligence said the global market for plant protein was worth US$29.4 billion in 2020 and may reach $162 billion by 2030, which would represent 7.7 percent […] Read more
3D printers used to make ‘meat’
TEL AVIV/ZURICH (Reuters) — Israel’s Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its New Meat steak cuts produced on 3D printers. The start-up, which raised $170 million in a series A financing round this year, operates large-scale meat printers at its Rehovot headquarters south of Tel Aviv […] Read more
