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Tag Archives pea protein

Crops, Markets, Peas, Reuters

Plant-based protein maker Roquette sees short-term COVID-19 impact

Demand could accelerate second Canadian plant

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Paris | Reuters — The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said. The market for plant-based protein such as meat-free burgers has surged in the […] Read more
Canola, Crops, Peas

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

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One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon […] Read more
Crops, Peas, Reuters

Nestle launching pea-based vegan alternative to tuna

'Vuna' going first to Swiss supermarkets

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Zurich | Reuters — Food giant Nestle is launching a new plant-based tuna alternative in Switzerland this month ahead of a global rollout, hoping that consumers eating at home during the COVID-19 pandemic will stay eager to try new products. Known for Maggi soups and bouillon cubes, Nestle has been investing in plant-based food to […] Read more
Canola, Crops, Peas

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

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The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] Read more
Crops, Pulses, Soybeans

Cargill to enter faux-meat market

Major processor/packer expanding plant-based protein product line

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U.S. agrifood giant Cargill is set to bring its crop supply chain further into its proteins business via a new line of plant-based patty and ground products for the retail and foodservice sectors. Already a major player in meat protein, with assets including two major Canadian packing plants processing up to 6,000 head of cattle […] Read more
Crops, Peas

Beyond Meat locks in Roquette pea protein supply

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Plant-based protein firm Roquette has been booked to “significantly” increase the amount of pea protein it provides to expansion-hungry U.S. faux-meat processor Beyond Meat in the next three years. Los Angeles-based Beyond Meat on Tuesday announced a “multi-year pea protein supply agreement” with France’s Roquette, renewing a “longstanding partnership” between the two firms. No specifics […] Read more
Crops, Pulses

U.S. firm partners with James Cameron’s Prairie pulse processor

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CNS Canada — Saskatchewan pulse processing company Verdient Foods has entered into a joint venture agreement with U.S. company Ingredion to expand operations. The organic pea protein fractionation facility at Vanscoy, about 20 km southwest of Saskatoon, has been running since last year and the new agreement will see it expand operations to include more […] Read more
Crops, Peas, Pulses

A+W to launch pulseburger next month

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Canada’s second-biggest burger chain plans to roll out a new non-meat burger in the Canadian market starting in July. A+W Food Services of Canada on Thursday announced a July 9 release date for what it’s dubbed the Beyond Meat Burger at all its restaurants across the country, in what CEO Susan Senecal called “the fastest […] Read more

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