Louis Dreyfus Firm, a service provider and processor of agricultural items, plans to construct a pea protein manufacturing facility in Canada. 

The plant, on the web site of its current complicated in Yorkton, Saskatchewan, is a part of the corporate’s push to diversify its agricultural commodity actions. The ability will provide components for dairy alternate options, high-protein vitamin options and numerous plant-based functions, the corporate mentioned. 

The brand new construction will enhance Louis Dreyfus’ skill to ship the taste-neutral pea protein fitted to the dairy alternate options market, high-protein vitamin options and different plant-based functions. 

The plant, anticipated to be operational by the finish of 2025, expands and accelerates Louis Dreyfus’ current pea protein isolate and non-GMO soy isolate choices, in response to the corporate. The brand new facility will make use of roughly 60 folks. The fee was not disclosed.

The worldwide pea protein market dimension was valued at $1.9 billion in 2022 and is anticipated to develop at a compound annual progress charge of 12% from 2023 to 2030, in response to Grand View Analysis. Demand is being fueled by well being and health traits together with consumption by vegan and vegetarian customers.

“The funding is a vital step within the Group’s international progress technique, as a part of our plans to diversify income by value-added merchandise – on this case, addressing the rising demand for high-quality, nutritious and sustainable plant-based protein alternate options,” Michael Gelchie, Louis Dreyfus’ CEO, mentioned in an announcement.