{"id":957,"date":"2020-10-14T13:23:31","date_gmt":"2020-10-14T13:23:31","guid":{"rendered":"https:\/\/emergingag.com\/?p=957"},"modified":"2020-10-14T13:23:31","modified_gmt":"2020-10-14T13:23:31","slug":"protein-industries-canada-optimistic-about-canada-s-future-in-plant-protein-sector","status":"publish","type":"post","link":"https:\/\/emergingag.com\/fr\/protein-industries-canada-optimistic-about-canada-s-future-in-plant-protein-sector\/","title":{"rendered":"Protein Industries Canada Optimistic about Canada\u2019s Future in Plant-Protein Sector"},"content":{"rendered":"

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The plant-protein market is growing. A recent study by JP Morgan estimated that the market will be worth $100 billion by 2030. Although this represents a seemingly small portion of the entire global protein market, it presents an opportunity for growth in the plant-protein sector. What this invariably means is more people are moving to plant-based diets and looking for plant-based sources of proteins. As a result, stakeholders in the food supply chain such as processors, retailers, and restaurants are also finding innovative ways to introduce and incorporate these options so as to meet changing consumer demands.<\/p>\n

Protein Industries Canada (PIC)<\/a>\u00a0is an industry-led, not-for-profit organization created to position the country as a global source of high-quality plant protein and plant-based co-products. PIC is one of Canada\u2019s five Innovation Superclusters that were launched by the Canadian government in 2018 to support business-led innovation superclusters<\/a> with the greatest potential to energize the economy and become engines of growth. The Innovation Superclusters Initiative is investing up to $950 million in a small number of high-value, strategic investments to strengthen Canada’s most promising clusters and build superclusters at a scale that has the potential to transform the domestic food processing sector, create jobs and stimulate local economies.<\/p>\n

Two years in, the activities and investments<\/a> of Protein Industries Canada are already beginning to make an impact. They can boast of:\u00a0<\/p>\n

\u2022 Over 700 jobs created,\u00a0<\/p>\n

\u2022 Development of nearly 100 new products and services with more than 30 pieces of intellectual property,\u00a0<\/p>\n

\u2022 High use of environmentally sustainable production and processing practices.\u00a0<\/p>\n

The economic prospects are promising. Research has shown that Canada can attain an additional $6 Billion of annual incremental value with just a ten percent increase in value-added processing of Western Canadian crops.\u00a0<\/p>\n

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