TORONTO, Nov. 16,
2022 /CNW/ - Global Food and Ingredients Ltd. (TSXV:
PEAS) (OTCQX: PEASF) ("GFI" or the "Company"), today
announced the launch of its advanced ingredients brand, Pulsera,
beginning with an 85% pea protein isolate. The Pulsera brand will
be expanded in the future to include texturized pea protein and
high protein gluten-free flours.
Pulsera's 85% Pea Protein Isolate is manufactured under contract
by GFI's pea protein inputs customers, creating a full loop where
GFI sources and processes the peas locally, ships them to its pea
protein extraction customers' facilities and then offtakes the pea
protein isolate for sale through its US distribution centre in
Clayton, North Carolina.
According to Meticulous Market Research, the global pea protein
isolate market is expected to grow at a CAGR of 16.4% from 2022 to
2029, reaching US$542.9 million by
2029.
Pea protein isolates have long been considered as one of the
best sources of alternative protein due to the high protein
concentration, allergen-friendly basis and high-quality nutritional
profile for plant-based food products and supplements.
"This is an exciting step forward in the development of GFI's
ingredients business, realizing on our plan to extend the portfolio
into functional ingredients with high levels of plant-based protein
and fibre, as well as the functionality for food processing" said
David Hanna, GFI's CEO. "We also see
future opportunity to extend these advanced ingredients by
incorporating them into our consumer packaged goods products, as we
continue to develop our retail product offering" he continued.
"Pulsera's products are designed with a clear focus to produce
advanced ingredients with functional attributes to enhance our
customers' food production processes with healthy inputs derived
from GFI's core crops, which are peas, lentils, chickpeas and
beans" added Michael Moussa, Vice
President, Ingredients.
Pulsera's 85% Pea Protein Isolate is now available, with
additional product SKUs to be added periodically over the following
several quarters.
About GFI
GFI is a fast-growing Canadian plant-based food and ingredients
company, connecting the local farm to the global supply chain for
peas, beans, lentils, chickpeas and other high protein specialty
crops. GFI is organized into four primary business lines: Pea
Protein Inputs, Plant-Based Ingredients, Plant-Based Pet Food
Ingredients and Plant-Based Consumer Packaged Goods. Headquartered
in Toronto, GFI buys directly from
its extensive network of farmers, processes its products locally at
its four wholly-owned processing facilities in Western Canada and ships to 37 countries
across the world.
GFI's vision is to become a vertically integrated farm-to-fork
plant-based company providing traceable, locally sourced, healthy
and sustainable food and ingredients. Through recent
acquisition and development activities, GFI now offers a full suite
of Plant-Based Consumer Packaged goods with over 20 SKUs under the
Yofiit, Bentilia and Five Peas in Love brands.
SOURCE Global Food and Ingredients