
Verdient Foods is owned by Ingredion Incorporated (NYSE: INGR), a publicly traded global ingredient solutions company headquartered in Westchester, Illinois. Ingredion entered a joint venture with Verdient Foods in 2018 and completed the full acquisition in 2020. Verdient Foods was founded in 2007 and based in Vanscoy, Saskatchewan, Canada. In January 2025, Ingredion ceased operations at the Saskatchewan pea protein processing facility as part of a portfolio optimization.
Parent Company
Acquired
2020
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Verdient Foods | Ingredion Incorporated | Wholly owned |
Verdient Foods was founded in 2007 in Saskatchewan, Canada, in the heart of one of the world's most productive pulse-growing regions. Saskatchewan is a major global producer of peas, lentils, chickpeas, and other pulses, providing Verdient Foods with proximity to high-quality raw material sources for its plant-based protein and flour processing operations.
The company developed processing capabilities to fractionate pulses into their constituent components, separating the protein, starch, and fiber fractions to create functional ingredients for food and beverage applications. Pea protein concentrate, the company's primary product, is a plant-based protein ingredient used in meat alternatives, dairy alternatives, protein beverages, snacks, and other food products seeking to increase protein content with a plant-based source.
The plant-based food movement gained significant momentum through the 2010s as consumers increasingly sought plant-based alternatives to animal-derived foods. Beyond Meat's IPO in 2019 and the rapid growth of oat milk products created surging demand for plant-based protein ingredients. Verdient Foods was positioned to serve this demand with its Saskatchewan-based pea protein processing capabilities.
In 2018, Ingredion entered a joint venture with Verdient Foods. The joint venture provided Verdient Foods with access to Ingredion's global distribution network and customer relationships, while giving Ingredion a platform in the growing plant-based protein ingredient market. Ingredion invested in expanding the Vanscoy facility's processing capacity to meet anticipated demand growth.
In 2020, Ingredion completed the full acquisition of Verdient Foods. The acquisition aligned with Ingredion's strategy of expanding its specialty and plant-based ingredient portfolio. At the time of the acquisition, the plant-based protein market was experiencing rapid growth, and Ingredion positioned Verdient Foods as a key component of its plant-based ingredient strategy.
Following the acquisition, Ingredion invested in the Vanscoy facility to expand pea protein processing capacity. The company also integrated Verdient Foods' products into its global sales network, making pea protein concentrates and pulse flours available to food and beverage manufacturers worldwide through Ingredion's distribution channels.
However, the plant-based protein market began to cool in 2022 and 2023. Consumer enthusiasm for plant-based meat alternatives declined as products faced criticism over highly processed formulations, high prices, and taste gaps compared to animal-based products. Several plant-based food brands reduced operations or shut down. Demand for pea protein ingredients softened, creating excess capacity in the market.
In January 2025, Ingredion announced the cessation of operations at the Verdient Foods Saskatchewan pea protein processing facility. The decision was part of Ingredion's broader portfolio optimization to align its plant-based protein manufacturing footprint with current market demand. The closure affected employees at the Vanscoy facility and represented a significant setback for Saskatchewan's plant-based protein processing sector. Ingredion stated that it would continue to serve plant-based protein customers through other facilities in its global network.
As of August 2026, the Verdient Foods brand exists within Ingredion's portfolio but the original Saskatchewan facility is no longer operational. Ingredion continues to offer pea protein and pulse-based ingredients through its broader manufacturing network, but the Verdient Foods name is increasingly being subsumed into Ingredion's unified specialty ingredients brand.
What does Ingredion own?
Ingredion owns six acquired brands and subsidiaries: PureCircle (stevia sweeteners), TIC Gums (stabilizers and texturizers), Penford (potato starch derivatives), Kerr Concentrates (fruit and vegetable concentrates), KaTech (texture and stabilization solutions), and Verdient Foods (plant-based proteins). The company also produces commodity starches and sweeteners under the Ingredion brand name.
Is Ingredion publicly traded?
Yes, Ingredion is publicly traded on the New York Stock Exchange under the ticker symbol INGR. The company has been listed since its IPO and has a market capitalization of approximately $8.7 billion based on mid-2025 share prices. Shares are available through major brokerage accounts.
Who founded Ingredion?
Ingredion was founded in 1906 as Corn Products Refining Company through the merger of several leading US corn refiners. The company was renamed Ingredion in 2012 to reflect its evolution from a commodity corn refiner to a diversified ingredient solutions provider.
Where is Ingredion headquartered?
Ingredion is headquartered in Westchester, Illinois, USA, a suburb of Chicago. The company operates manufacturing facilities and innovation centers across the United States, Canada, Mexico, Brazil, Thailand, South Korea, and China.
How many brands does Ingredion own?
Ingredion owns six acquired brands: PureCircle, TIC Gums, Penford, Kerr Concentrates, KaTech, and Verdient Foods. The company also markets its commodity ingredients under the Ingredion master brand.
What is Ingredion's revenue?
Ingredion reported net sales of $7.2 billion for FY2025, down 3% from $7.4 billion in FY2024. Despite the sales decline, adjusted operating income reached a record $1.03 billion and adjusted diluted EPS was $11.13, up 4.5%. The company guides FY2026 EPS to be in the range of $11.00 to $11.80.
What does Ingredion produce?
Ingredion produces starches, sweeteners, and specialty ingredients from corn and other agricultural raw materials. Its products include high-fructose corn syrup, dextrose, corn starch, specialty texturizers, stevia-based sweeteners, stabilizers, gums, fruit and vegetable concentrates, and plant-based proteins. These ingredients are used in food, beverages, pharmaceuticals, brewing, and industrial applications.
Verdient Foods' sustainability profile was closely tied to its location in Saskatchewan's pulse-growing region and its parent company's sustainability framework.
Pulses, including yellow peas, are among the most sustainable agricultural crops. They fix nitrogen from the atmosphere, reducing the need for synthetic nitrogen fertilizers. They require less water than many other protein crops. Crop rotation including pulses improves soil health and reduces the need for chemical inputs in subsequent crops. Verdient Foods' sourcing of yellow peas from Saskatchewan farmers supported sustainable agricultural practices in the region.
Ingredion's sustainability framework, called "Ingredion Sustainability," encompasses environmental stewardship, responsible sourcing, and social responsibility. The company has committed to reducing Scope 1 and 2 greenhouse gas emissions by 28% by 2030 (from a 2019 baseline) and has set water reduction targets for facilities in water-stressed areas.
The Vanscoy facility implemented energy-efficient processing technologies and waste reduction programs. The pea protein fractionation process separates raw peas into protein, starch, and fiber fractions, with each fraction having commercial applications, reducing waste. However, the facility's closure in 2025 means these sustainability benefits are no longer being realized at this location.
Verdient Foods did not hold independent sustainability certifications specific to the brand. The brand's environmental performance was reported within Ingredion's consolidated sustainability reporting. Ingredion itself does not hold certifications like B Corp or Fair Trade, though the company reports against GRI and SASB standards.
The closure of the Vanscoy facility has implications for the local community and Saskatchewan's agricultural sector. The facility provided a market for local pea producers and supported employment in the region. The closure reduces local processing capacity for pulse crops, potentially increasing transportation distances for Saskatchewan farmers seeking to sell their crops to processing facilities.
Vanscoy Facility Closure (January 2025): The most significant event in Verdient Foods' recent history is Ingredion's decision to cease operations at the Saskatchewan pea protein processing facility. The closure affected employees and the local community in Vanscoy and surrounding areas. The decision was driven by overcapacity in the pea protein market, moderated demand growth for plant-based protein ingredients, and Ingredion's portfolio optimization strategy. Local agricultural organizations and Saskatchewan Pulse Growers expressed concern about the impact on local pea farmers who had supplied the facility.
Plant-Based Protein Market Volatility: Verdient Foods, like other pea protein producers, was affected by the significant volatility in the plant-based protein market. The rapid growth of 2019-2021 was followed by a sharp moderation in 2022-2024. This volatility created challenges for capacity planning, investment decisions, and customer relationships. Ingredion's investment in expanding the Vanscoy facility's capacity, made during the peak of the plant-based food trend, proved to be excess capacity when demand moderated.
No Major Product Recalls: As of August 2026, Verdient Foods has not experienced any major product recalls. The company operated under Ingredion's food safety and quality management systems, which comply with regulatory requirements and industry standards for food ingredient production.
No Major Regulatory Violations: Verdient Foods has not been associated with significant regulatory violations or food safety incidents. The company's processing operations complied with Canadian Food Inspection Agency regulations and international food safety standards.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Ingredion | Germany | 2005 | Mass market | Europe | All Genders | |
| Ingredion | USA | 1921 | Premium | Global | All Genders |
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