Canada’s vegan industry got a massive boost, after announcing a $100 million investment in vegan protein. The multi-million dollar funding was for Merit Functional Foods, a solutions-based food ingredients company. Merit Functional Foods will utilize the funds to develop its new commercial-scale protein production plant. The facility will be employing tonnes of yellow peas, a vital ingredient used to make meatless meals. It will produce an estimated 17,000 tonnes of canola seed as well.
According to the market database, the growing desire for meatless meals is a worldwide trend. Canada is amongst few countries where the spike in meat-free consumption has been distinct since the pandemic. The grocery food services industry has observed an inclination towards vegan meals.
The Canadian meatless meals market is flourishing and has observed a striking conversion in recent years. The alternative proteins market is assumed to expand at 14 percent in the coming years. This values up to a third of the entire protein market.
According to the market database, Flexitarian eating habits are the new trend. More than 40 percent of Canadians have adapted to it, motivated by health and endurance.
Home-based Company
The vegan chain in Canada, Globally Local will commence in the Toronto Stock Exchange’s (TSE) Venture Exchange. This will make it the first openly traded vegan fast-food chain in the world. The company is also the world’s first 24-hour vegan drive-thru.
According to the market database, the vegan chain produces meatless and dairy alternatives for the foodservice sector. The menu offers meatless versions of food items found in other fast-food restaurants.
In addition to serving a vegan menu, it is revolutionizing the fast-food business. The chain operates through a smart kitchen model. Smart kitchen technologies support consistent food experiences, service times, and simplified employee training.
Globally Local currently manages a producing facility and two restaurant locations in Canada. It intends to open 20 new restaurant locations across North America, expanding the Canadian meatless market.
International Vegan Brands
The United States food company SIMULATE recently began NUGGS. These vegan chicken nuggets are available in grocery chains in British Columbia, Atlantic Canada, and Ontario. Other locations include Whole Foods East locations and Maxi locations in Canada. The punchy meatless meals branding has bloomed in the US market and is expected to do the same in Canada.
Meatless Farm, a British vegan meat manufacturer, started a Canadian facility in Calgary to debut a new business division. The company produces as well as supplies plant-based proteins and ingredients to companies everywhere. The company revealed its plans to set up a separate plant-based protein supply division. The focus of this division will be on producing and providing protein components to businesses in the alternative protein sector.
According to the market database, the facility will generate up to 14,500 tonnes of plant protein ingredients, propelling the Canadian meatless meals market.
The brand reveals to adopt cutting-edge production methods to support a reduction in water and energy use. One of the critical concerns in plant-based protein production is the excessive usage of water.
Indian vegan startup GoodDot laid down to launch its animal-free alternative meat products and meals in Canada. It is already engaged in distribution partnerships across the Middle East, Asia, Africa, and North America.
GoodDot quickly rose to become one of the dominant meatless meals in its home base in India. Its associate venture, GoodDot is the first vegan fast-food restaurant in India. It offers affordable and accessible Indian plant-based bites.
American international food chain, Pizza Hut partnered with Beyond Meat to start its first vegan meat option in Canada. The menu exclusively created for Pizza Hut Canada seeks ways to consolidate vegan meals. Pizza Hut revealed to expand its vegan food meals, to bring expanded choices to consumers. The menu features three distinct menu items, The Great Beyond, Beyond Italian Sausage Alfredo Loaded Flatbread, and Beyond Creamy Alfredo.
The Canadian meatless meals market and its 10-year business outlook can be understood using Global Market Database.
