A group of Canadian investment and protein firms is looking to raise $200 million in equity capital to finance the next generation of plant-based food processors, according to Real Agriculture. The consortium, led by Bellwood Partners and Champlin Advisory, ultimately aims to build a pool of capital exclusively for the domestic processing sector, says Protein Industries Canada (PIC). To achieve that, the group will first consult an advisory board to identify major barriers to raising capital for plant-based processing. PIC and its partners are expected to contribute $2.4 million to the equity fund, with the larger consortium program contributing an additional $1.8 million.
Global Plant-Based Meat Market Valued at USD 10.2 Billion in 2022, Expected to Grow at a CAGR of 20.2% from 2023 to 2033
Key Highlights: The global Plant-based Meat Market size was valued at USD 2 billion in 2022 growing at a CAGR of 20.2% from 2023 to 2033.North America dominated the market in 2022Asia...
