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Protein Industries Canada announced the launch of the second phase of a partnership that will improve traceability and marketing opportunities by creating a platform for Canada's plant-based food, feed and ingredient sector.

Canada has the potential to be a plant-based food, feed and ingredients powerhouse. With global demand for meat alternatives set to rise to up to CDN180 billion by 2035, this potential is on the cusp of becoming a reality.

As the world’s population grows, so does the demand for protein. While protein sources of all types are expected to experience increased demand, those that provide alternatives to meat will see a particularly sharp rise.

New protein ingredient plant will focus on global opportunities with home-grown inputs

At first glance, the importance of raising capital seems straightforward: it provides a company with the monetary support it needs to advance its business. However, an investment’s benefits go far beyond that, often impacting everything from brand awareness to time management.

Protein Industries Canada is looking for ambitious, consortium-driven projects to elevate Canada’s plant-based food ecosystem. Protein Industries Canada is currently seeking proposals in four specific areas under its Capacity Building Program.