As consumer trends change, food production adjusts to meet demands. Plant-based products and ingredients have taken up residence on grocery store shelves, and this is a trend that’s likely here to stay.
CEO of Protein industries Canada, Bill Greuel, discusses the chatter around plant proteins at industry meetings and the evolving market for plant proteins around the world.
Greuel says he was encouraged by discussion around sustainability in agriculture at the United Nations climate change summit, COP27. He learned that both developed and developing nations have struggles within their food systems and are battling the impacts of climate change. Greuel says Canada has the opportunity to step up and not only be a provider of agriculture and food products but also provide knowledge and solutions to reduce greenhouse gases produced by the agriculture sector.
Greuel says that as demand for calories rises and food production around the world must keep up with demand, plant-based options are a great way for global food supply to meet nutrient demands.
Canada is unique in the variety of crops produced that have potential in plant protein markets, he adds. This is an asset when companies are looking to invest in ingredient manufacturing (continued below).
Greuel says there are hurdles the plant-based food sector must overcome, including accessible, reliable stock to satisfy demand. Ingredient manufacturing and processing capacity needs to be expanded in order for plant-based food product production to meet consumer demand, he says.