Phytokana Ingredients

What Phytokana Ingredients does

Phytokana Ingredients Inc. is a Calgary, Alberta-based processor and developer of plant-based protein ingredients founded in 2021. The company is building a 30,000 metric tonne per annum dry fractionation facility in Strathmore, Alberta, designed to source novel pulse crops (primarily faba beans) from central Alberta and surrounding regions and convert them into high-purity protein concentrates and co-product flours. The company's core technology is a dry fractionation process that operates without heat, water, or chemicals, preserving native protein functionality while addressing anti-nutritional thresholds; a machine learning layer is applied across the fully automated facility to drive batch-to-batch consistency in cuts, yields, and quality.

The product portfolio comprises three faba bean-based SKUs: F70 LVC Faba Protein Concentrate (70% protein with 12% dietary fiber, optimized for alternative meat and non-dairy applications), F32 LVC Faba Flour (32-36% protein, 21% fiber, for baked goods), and F18 LVC Faba Starch-Rich Flour (18-20% protein, for gluten-free and extruded applications). All products are positioned as non-GMO, non-allergenic, gluten-free, soy-free, and dairy-free. Phytokana also operates a proprietary Data Combine traceability system that captures farm-level agronomic practices and GHG emissions for downstream ESG reporting.

Commercially, Phytokana sells exclusively B2B through enterprise field sales to food and beverage manufacturers in alternative meat, alternative dairy, baked goods, and fortified snack applications across North America and APAC. The company has secured approximately $450 million in cumulative contracted revenues under definitive long-term offtake agreements with terms ranging from 3 to 10 years (with potential sales exceeding $500 million including MOUs). The company is pre-revenue, with a Series C of approximately C$38 million engaged in May 2024 to fund construction of the Strathmore facility. Leadership includes founder Chris Theal (ex-CFO of Velvet Energy, founding partner of Tristone Capital) and a board with food industry expertise including a former Beyond Meat NPD director.

Name

Phytokana Ingredients

Legal name

Phytokana Ingredients Inc.

Website

https://phytokana.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Phytokana Ingredients is a Calgary-based processor developing a 30,000 tonne-per-year dry fractionation facility in Strathmore, Alberta, producing faba bean protein concentrates and flours for B2B food and beverage manufacturers in alternative meat, dairy alternatives, and baked goods applications, with approximately $450 million in contracted long-term offtake agreements.

Ownership category

akta.pro rank

Product category

Plant-Based Protein Ingredients

NAICS

Food Manufacturing (311)

SIC

Grain Mill Products (2040)

akta.pro primary industry

Plant Protein Ingredients Manufacturing (Isolates, Concentrates, Flours) (AFAKAGAF)

akta.pro secondary industries

Plant-Based Protein Ingredient Producers (Isolates, Concentrates, Texturates) (AFANAKAB), Protein Blends & Systems (Multi-Source Blends, Functional Protein Systems) (AFAJAHAJ)

Keywords

• Plant-based protein ingredients
• Faba bean processing
• Dry fractionation technology
• Pulse protein concentrates
• Food and beverage ingredients

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Plant-based Protein Ingredients Sales: Sale of high-quality protein concentrates and high-protein flours to food and beverage manufacturers globally. Revenue secured through definitive long-term offtake agreements representing cumulative contracted revenues of approximately $450 million over 3-10 year terms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Phytokana Ingredients is a processor, developer, and distributor of conventional and organic plant-based protein and co-products derived primarily from faba beans. Using a proprietary dry fractionation process that is free from heat, water, and chemicals, the company produces high-purity protein concentrates and high-protein flours for food and beverage manufacturers. Its flagship 30,000 metric tonne per annum facility is being built in Strathmore, Alberta.

Product overview

Phytokana Ingredients offers a portfolio of plant-based protein ingredients produced through dry fractionation technology at their Strathmore, Alberta facility. The product portfolio includes F70 LVC Faba Protein Concentrate (70% protein purity), F32 LVC Faba Flour (32-36% protein), and F18 LVC Faba Starch-Rich Flour (18-20% protein). These ingredients are non-GMO, non-allergenic, gluten-free, soy-free, and dairy-free, targeting applications in alternative meat, dairy alternatives, baked goods, and extruded products.

Differentiator

Problem solved

Functional benefit

Products and services

• F70 LVC Faba Protein Concentrate High-purity 70% protein concentrate with 12% dietary fibre, mild taste profile, and good emulsifying and gelation capacities. Non-GMO, non-allergenic, gluten-free, soy-free, and dairy-free; targets alternative meat and non-dairy food and beverage applications.
• F32 LVC Faba Flour High-protein flour containing 32-36% protein and 21% fibre, optimized for baked products and bread applications.
• F18 LVC Faba Starch-Rich Flour Starch-rich flour containing 18-20% protein with oil and water binding properties; used in gluten-free products, baked goods, and extruded products.

Quantifiable outcome

• 70% protein purity with retained native functionality
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• University of AlbertacoreStrategic or Co-development PartnerResearch partnership studying protein composition, functionality, and taste profile of faba bean from different genotypes.
• University of ManitobacoreStrategic or Co-development PartnerResearch partnership exploring extrusion recipe development using pulse ingredients.
• University of GuelphminorStrategic or Co-development PartnerSponsoring student project focusing on development of a functional vegan milk.
• University of SaskatchewancoreStrategic or Co-development PartnerResearch collaboration partner in plant-based ingredient development.
• Food Centre Saskatchewan Food Industry Development Centre Inc.coreStrategic or Co-development PartnerResearch and development partnership for food industry product development.
• Maia FarmsminorStrategic or Co-development PartnerCircular economy partnership exploring food security applications using Phytokana's plant-based ingredients.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Cosucra: Belgium-based producer of pea protein ingredients (Pisane) and chicory root fiber for food applications. Comparable as a specialized European plant protein ingredient manufacturer serving global B2B food and beverage customers with similar product positioning.
• AGT Food and Ingredients: Canadian pulse crop processor and ingredient supplier producing protein concentrates, flours, and pulse-derived ingredients for global food manufacturers. Closely comparable to Phytokana in crop sourcing region (Canadian prairies) and B2B ingredient sales motion, though at significantly larger scale.
• Merit Functional Foods: Canadian plant protein manufacturer producing pea and canola protein ingredients for food and beverage applications. Comparable as a Canadian plant protein ingredient producer using proprietary processing technology to serve B2B food manufacturers globally.
• Emsland Group: Germany-based manufacturer of plant-based ingredients including pea and potato protein ingredients for food applications. Comparable as a mid-sized European specialty plant protein ingredient producer serving global B2B customers.
• Burcon NutraScience: Canadian-based plant protein ingredient developer and producer focused on pea and other pulse-derived proteins for food and beverage applications. Highly comparable to Phytokana as a Canadian-listed pulse protein specialist targeting B2B ingredient customers.

Broad incumbents

• Ingredion: Major global ingredient solutions provider with a growing plant-based proteins portfolio serving food and beverage manufacturers. Comparable as a broad incumbent in specialty food ingredients targeting similar B2B customers.
• Roquette: Global leader in plant-based ingredients including pea protein (NUTRALYS) and other specialty food ingredients with multiple manufacturing sites worldwide. Comparable as a major pulse protein ingredient incumbent serving the same B2B food and beverage customers as Phytokana.
• ADM: Global nutrition and agricultural processor with significant plant protein production capabilities including soy, pea, and wheat proteins. Comparable as a broad incumbent with established supply chains and customer relationships across food ingredient categories.
• Cargill: Global agricultural and food ingredient company with extensive plant protein capabilities including pea protein under the PURIS brand. Comparable as a broad incumbent with significant scale advantages and established B2B customer relationships in plant-based ingredients.

Emerging players

• Verdant Industries: North American plant-based ingredient manufacturer with proprietary processing capabilities for pea and other pulse proteins. Comparable as an emerging player in plant protein ingredient manufacturing targeting similar B2B food and beverage customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/phytokana
• LinkedInlinkedin.com/company/phytokana
• Instagraminstagram.com/Phytokana

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phytokana Ingredients