High protein and high fibre are reshaping what the world eats. Pulses deliver both, and the capital flowing into the sector says the market knows it. Here is the case, bottom up.
The global dried peas market, up from $5.54B in 2024, an 8.1% CAGR.(1)
North American peas market growth, $3.90B (2025) to a projected $7.13B by 2030.(2)
The projected global plant-protein segment, the fastest-growing corner of the $449B food-ingredients market.(3)
Every major analyst house models double-digit-adjacent growth for pea protein specifically through the early 2030s, with isolates the leading product and North America the largest market.(4)
APAC is consistently ranked the fastest-growing pea-protein region, demand pull from exactly the markets Canadian pulses already ship to.(4)
Protein counts and fibre claims now sell mainstream groceries, not niche ones, and pet food has premiumized the same way. Pulses feed both trends at once.
Of Americans now say they want more protein in their diet, up from 59% four years ago, with GLP-1 users eating less volume and needing every bite to carry more protein.(9)
Dry whey prices since January 2026, with whey protein concentrate near $13/lb. When the incumbent protein doubles, pea protein stops being theoretical and becomes a purchase order.(9)
AGRION’s capacity utilization today. Demand has never been the constraint. The upside is capacity we already own.(9)
The highest-value destination for yellow peas, feeding shakes, bars, pastas and plant-based dairy.
Grain-free and high-fibre formulations lean on pulse proteins, starches and fibres, a structurally premium category.
Fibre is the next protein: breads, crackers, cereals and snacks are being rebuilt around added fibre content.
Texturized pea protein remains the backbone ingredient of the category’s second, more disciplined generation.
Pulse starches feed precision-fermentation platforms making next-generation proteins.
Clean plant starch and protein streams for the world’s fastest-growing protein-production system.
The 2025–26 crop year showed what the pipeline can move when demand opens up.
Forecast Canadian pea exports for 2025–26 (AAFC), with 2.58M MT already shipped through June, ~20% ahead of the prior year.(5)
Of May pea shipments went to China after it lifted tariffs, a demand switch flipping back on.(5)
Canadian lentil exports, at 2.28M MT year-to-date, India and the UAE leading demand.(5)
Countries AGRION already serves, the distribution is built; the export wave runs through platforms like ours.
The majors have spent the last few years buying and building exactly the kind of assets AGRION operates.
The 100,000 MT Saskatchewan pulse fractionation facility, conceived, built and sold by key members of the AGRION team. The reference transaction for the category.
A pulse cleaning, milling and packaging facility in Vanscoy, Saskatchewan, a global major buying directly into Saskatchewan pulse processing.(6)
The world’s largest pea-protein plant, built in Manitoba, nine figures of patient capital committed to the same crop we split every day.(7)
Canada’s pulse major came back to the public markets in March 2026, raising roughly $625 million including a Fairfax placement (TSX: AGTF). Public capital is funding pulses again, at scale.(8)
Operating assets of the kind the majors are buying, a 48-year record, four revenue streams, and significant capacity still to unlock, in one of the few pulse processors still available on a public exchange.
(1) The Business Research Company · (2) Mordor Intelligence · (3) company estimates per public disclosure · (4) Global Market Insights, Fortune Business Insights, Persistence Market Research, IMARC (2026 reports) · (5) Agriculture and Agri-Food Canada / StatCan via trade press, 2025–26 crop year · (6) ADM announcement, 2023 · (7) Roquette announcement · (8) AGT Food and Ingredients Inc. IPO announcements, March 2026 · (9) Company CEO letter, August 2026, citing DCA Market Intelligence, USDA and industry surveys. Third-party figures are not independently verified by the Company.
The platform behind the numbers: facilities, products, financials and the plan. Reach IR at ir@eatwellgroup.com.