HPS Food & Ingredients

What HPS Food & Ingredients does

HPS Food & Ingredients Inc. is a Canadian privately-held processor of plant-based bulk food ingredients headquartered in Saskatoon, Saskatchewan. The company produces hempseed, chickpea, fababean, flax, lentil, mustard, oat, and pea ingredients — including proteins, seeds, grains, oils, flours, fibers, and starches — at GFSI certified production facilities. Its products are positioned as non-GMO, gluten-free, and traceable to farm level through a vertically integrated supply chain that works with partner farmers from seeding to harvest and draws on pedigreed seed supplied by sister company Hemp Genetics International.

The business operates as a B2B ingredient supplier targeting premium food markets and food manufacturers globally, with sales presence across North America, Asia, Australasia, Central & South America, UK & Europe, and the Middle East & Africa. Distribution is executed through a direct enterprise sales model led by a Director of Sales and Director of Inside Sales, supported by product-specific inbound email channels, LinkedIn presence, video content, blogs/news, and trade show participation. Pricing is not publicly disclosed and is negotiated bilaterally with food manufacturer customers.

HPS traces its roots to early 1900s Saskatchewan farming by the Meier family and was formally incorporated in 2015 as Hemp Production Services before being rebranded to HPS Food & Ingredients (Healthy Protein Solutions) in 2020 to reflect a broader functional-ingredient portfolio. Recent strategic emphasis has been on diversification beyond hemp, exemplified by the 2023 launch of a Canadian-grown, low-vicine, zero-tannin Faba Bean ingredient.

Name

HPS Food & Ingredients

Legal name

HPS Food & Ingredients Inc.

Website

https://hpsfood.ca

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

HPS Food & Ingredients is a Canadian B2B processor of plant-based bulk food ingredients — hempseed, pulses, oats, flax, and more — sold globally to premium food manufacturers from GFSI-certified, vertically integrated facilities in Saskatoon.

Ownership category

akta.pro rank

Product category

Plant-Based Food Ingredients

NAICS

Food Manufacturing (311), Starch and Vegetable Fats and Oils Manufacturing (31122)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

Proteins & Functional Nutrition Ingredients (Plant/Animal Proteins, Collagen, Amino Acids) (CRADAOAJ)

akta.pro secondary industry

Plant-Based Protein Ingredient Producers (Isolates, Concentrates, Texturates) (AFANAKAB)

Keywords

• Plant-based ingredients
• Hemp seed processing
• Bulk food ingredients
• Specialty grain processing
• Non-GMO ingredients

Headquarters

HQ city

Saskatoon

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Bulk Ingredient Sales: HPS Food & Ingredients generates revenue through the sale of bulk plant-based ingredients including proteins, seeds, grains, oils, flours, fibers, and starches to food manufacturers and premium food markets globally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HPS Food & Ingredients is a Canadian-based processor and bulk supplier of plant-based food ingredients, including hempseed, chickpeas, fababeans, flax, lentils, mustard, oats, and peas, sold as proteins, seeds, grains, oils, flours, fibers, and starches. The company operates GFSI certified production facilities and runs a vertically integrated supply chain that traces ingredients back to the farm via partner growers and pedigreed seed supplied by its sister company Hemp Genetics International. It serves premium food markets and food manufacturers worldwide with non-GMO, gluten-free specialty ingredient solutions.

Product overview

HPS Food & Ingredients is a food manufacturer offering a portfolio of plant-based ingredients including hempseed, chickpea, fababeans, flax, lentil, mustard, oats, and pea products. The company specializes in value-added processing of plant proteins, seeds & grains, oils, flours, fibers and starches. All products are non-GMO, gluten-free, and processed at GFSI certified production facilities. The ingredient portfolio is traceable back to the farm through their vertically integrated operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Hempseed
• Chickpea
• Fababeans
• Flax
• Lentil
• Mustard
• Oats
• Pea

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Hemp Genetics InternationalcoreStrategic or Co-development PartnerHemp Genetics International is a sister company that provides top quality pedigreed seed to HPS Food & Ingredients. This partnership ensures quality ingredients come from quality crops through access to cutting-edge seed genetics and the latest agronomy and production advice.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Batory Foods: Batory Foods is a U.S.-based distributor and supplier of specialty food ingredients including flours, proteins, and grain-based products. Comparable as a B2B ingredient supplier serving food manufacturers with a multi-category specialty portfolio.
• Axiom Foods: Axiom Foods is a U.S.-based B2B supplier of plant-based proteins including pea, rice, and hemp proteins for food manufacturers. Direct competitor in the plant protein ingredient space serving similar premium food brand customers.
• Manitoba Harvest: Manitoba Harvest is a Canadian hempseed food ingredient and consumer brand company focused on hemp hearts, protein powders, and oils. It is a direct competitor in hemp-based ingredients, with overlapping product categories and Canadian origins.
• AGT Food and Ingredients: AGT is a Canadian-based global processor of pulses, grains, and specialty ingredients headquartered in Regina, Saskatchewan. It is the most direct peer given HPS's Saskatchewan roots and overlapping pulse/grain ingredient portfolio serving food manufacturers worldwide.

Broad incumbents

• Cargill: Cargill is one of the world's largest agricultural commodity traders and food ingredient suppliers, with a growing plant protein and specialty ingredient portfolio. Comparable as a B2B supplier of plant-based proteins and grain ingredients to global food manufacturers.
• Roquette: Roquette is a global leader in plant-based ingredients (pea protein, starches, polyols) for food, nutrition, and pharma. Comparable as a B2B plant protein and starch supplier, though it operates at vastly larger scale and broader portfolio.
• Ingredion: Ingredion is a major global ingredient supplier producing plant-based proteins, starches, and sweeteners from corn, tapioca, and pulses. Comparable to HPS as a B2B ingredient manufacturer serving food and beverage customers, though at much greater scale and portfolio breadth.
• ADM: ADM is a global leader in plant-based ingredients — including pea protein, soy proteins, and pulse-based flours — serving food and beverage companies. It overlaps with HPS's protein, flour, and starch ingredient offerings, though at vastly larger scale.

Regional players

• Hemp Foods Australia: Hemp Foods Australia is one of the largest hemp food companies in the Southern Hemisphere, producing hempseed, protein, and oil ingredients. Comparable as a hemp-focused ingredient supplier, though primarily serving the Australian and Asia-Pacific markets.

Emerging players

• Burcon NutraScience: Burcon is a Canadian plant protein technology company developing pea, canola, and hemp protein ingredients. Comparable to HPS's plant protein ingredient focus, though Burcon is more R&D and IP-licensing oriented versus an integrated processor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/hps-food-ingredients-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

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 HPS Food & Ingredients