Plant Veda Foods Ltd., Avena Foods Ltd., HPP Canada, Thirstea Beverages Ltd., and Protein Industries Canada have joined forces to develop and commercialize cost-effective oat concentrates which will then be used to make new plant-based food and beverage products.
“With support from Protein Industries Canada, these companies are creating new, innovative processing methods for oat-based products,” said François-Philippe Champagne, minister of innovation, science and industry. “This project will provide Canadian companies and consumers with access to Canadian oats, stimulating our economy and cementing Canada’s position as a leader in the global plant-based food market.”
“Accelerating the development of oat concentrates for new, innovative plant-based food and beverage products will expand the healthy, sustainable food options available to Canadian and international consumers,” Protein Industries Canada CEO Bill Greuel said. “This consortium of SMEs is helping Canada achieve its goal of $25 billion in global plant-based food and ingredient sales by 2035, and is doing so by building on each others’ expertise.”
