Equinom, Peterson Farms Seed partner to commercialize high-protein, Non-GMO yellow pea
The new varieties are optimized for food applications.
Today, Equinom and Peterson Farms Seed Inc., the largest independent seed company in the tri-state region of Minnesota, North Dakota, and South Dakota, have announced a long-term collaboration to produce identity preserved seeds of Equinom yellow peas. The joint agreement marks an opportunity to commercialize innovative plant-proteins that can solve some of the key challenges facing the plant-based food category.
The pea protein market is expected to hit $2.9 billion by 2027 amidst increasing popularity and demand for plant-based foods. However, demand is projected to outpace supply due to the large investment needed to build the capital-intensive isolate processing facilities required to extract food-grade pea protein from commodity crops. This partnership will connect two important ends of the value chain to solve the root cause of the supply and quality gap.