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Canada sees plant-based food market as the future: report

August 19, 2021   by Business Wire




The “North America Plant-Based Food and Beverage Market 2021-2028” report estimates the market to develop with 8.60 per cent of CAGR in the projected years 2021-2028.

Canada is home to some of the leading plant-based food manufacturers, such as Daiya Foods Inc, Maple Leaf Foods Inc, and McCain Foods.

Ottawa has also identified plant-based food and beverages as an important and developing industry. The federal government has included the plant-based industry in its Supercluster Initiative, and invested $150 million towards its development.

In January 2020, Nestle partnered with Winnipeg’s Functional Foods and Vancouver’s Burcon NutraScience to develop meat and dairy substitutes with a favourable environment footprint. In April 2020, Daiya Foods, which is among the founding members of The Plant-Based Foods Association of the United States and Canada, launched an extensive range of innovative plant-based food products, including a pizza crust made with spinach, cauliflower, and sweet potato.

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In January 2021, Greenleaf Foods, SPC, which owns Field Roast Grain Meat Co, in collaboration with Pizza Nova, launched Field Roast Plant-Based Pepperoni across all of Pizza Nova’s locations. This shows that there is an enhanced adoption of plant-based foods in the country. This will prove beneficial for the growth of the Canadian market in the years to come.

Some of the prime players in the cleanroom consumables market include Amy’s Kitchen, Morningstar Farms, Quorn Foods, Sunfed, The Hain Celestial Group Inc, Beyond Meat Inc, Conagra Brands, Pacific Foods Of Oregon, and Impossible Foods Inc.

(Business Wire)


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