ADM (NYSE ADM) announced the acquisition of Prairie Pulse Inc. a local processor of lentils and pulse crops in Vanscoy Saskatchewan Canada that purchases directly from Canadian farmers.
“The enduring global trends of sustainability and food security are powering growth in alternative proteins”
ADM will expand its North American footprint by further to meet the increasing demand for pulses. Enhancing its capabilities. Prairie Pulse’s operations involve 12,000 MT of bulk storage, cleaning, milling, sorting, sizing, and bagging. It doubles ADM’s supplying offer to produce shelf and alt protein products for domestic and international markets.
“This addition also expands our capabilities to meet the needs of our downstream customers, who are increasingly looking at pulses as protein sources for both human and animal nutrition products,” comments Aaron Brown, commercial manager at ADM.
Increasing demand
According to the most recent insightSLICE report, Global Meat Substitute Market share, Trends Analysis and Forecasts 2023-2032, the growing demand for plant-based proteins is driving the market growth.
The Alt Meat Market…
