Cdn. food manufacturer sees rising interest in kaviar and sausage alternatives

VANCOUVER — Modern Plant Based Foods Inc., a manufacturer involved in the plant-based food industry, announced reported interest in their product lines, including the Plant-Based Kaviar and Sausage-less Rolls. The Company has continued to strategize, focusing on acquiring and developing products that offer an interchangeable plant-based offering in the current market.

The Vegan Caviar market, a relatively new segment in the plant-based industry, has shown growth. Recent reports indicate a global market value projected to reach $400 million by 2025, growing at a CAGR of 7%. Modern Plant-Based Foods’ entry into this market with its Plant-Based Kaviar, available in distinctive flavors like Salmon, Wasabi, and Beluga, positions the company at the forefront of this burgeoning sector. Similarly, the market for plant-based sausage rolls is expanding rapidly, driven by a growing demand for healthier and sustainable meat alternatives. Industry analysts forecast a CAGR of 8% over the next five years in this segment, reflecting a significant opportunity for Modern Plant-Based Foods’ Sausage-less Rolls.

In response to the increasing interest, Modern Plant-Based Foods is actively exploring a range of potential sales outlets. The Company is actively pursuing discussions with distribution partners for its new product lines with a strong focus on penetrating the foodservice sector, including partnerships with restaurants, cafes, and catering companies, both domestically and internationally. To meet the anticipated demand, Modern Plant-Based Foods is open to distribution solutions globally. The Company is committed to ensuring the availability of its healthier and more sustainable food products to a broad audience. Modern Plant-Based Foods is actively seeking partnerships with distribution companies that align with its ethos of sustainability and high-quality standards.

“Our goal is to make our Plant-Based Kaviar and Sausage-less Rolls readily accessible to everyone,” says Avtar Dhaliwal, CEO of Modern Plant-Based Foods. “We have seen growing demand for great-tasting vegan products that can be consumed by a wider consumer base. We have perfected the product development step and are working to pair these new innovations with expansive distribution networks.”