We have early mover advantage in a high growth market. Plant based products are predicted to grow by 11.9% per year, and we have already demonstrated a successful go-to-market strategy.
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Product, Market Share, Growth Opportunities
Vision Food Innovations has used experience and innovation to develop delicious and nutritious baked goods that include superfoods. Under the hero brand Nature’s Flair we have gained significant traction in the plant based food market.
Market Opportunity
The plant based market grew at 27% per year (US CAGR) 2017 – 2019. The market is expected to continue to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027, $161.9 Billion globally. By offering added nutrition through superfoods and making a delicious product, Vision is going after the whole market, not just the plant based market.
There is strong 7% ($420 M) annual growth in sweet baked good snack segment from the current $6 B with buyer’s behaviour tilting towards alternative health and plant-based products (AC Nielson)
Business Model
The technology to use superfoods and novel ingredients to ensure the products taste delicious and are nutritious can be used in many other product lines, including cup cakes, brownies and even nutritious dog treats.
Efficiencies
Traction
Founded in May 2020, we secured a 20,000sq ft facility in Georgetown, Ontario in September 2020. In the same month we undertook detailed market research to truly understand the marketplace. By Q1 2021, we had completed the construction of the facility and started production.
Working with our partners we have secured orders for Metro Inc., Sobeys Inc. and Whole Foods Market to name a few. Building on the traction, we are continuously adding new partners and expanding across Canada.
Upcoming Event
We are participating in the CHFA NOW, Canada’s largest trade show and conference. We will have the opportunity to present our Plant-Based baked goods, and meet different businesses dedicated to natural, organic & wellness products.
JOIN US LIVE AT CHFA NOW – VANCOUVER CANADA
Vancouver Convention Centre, West Building Booth #2150 on April 1st and 2nd, 2023 at 10AM – 5PM PT
Vineet Jain
President & CEO
B,Sc (Agriculture), MS (Food Science Tech), MBA (Ivey School)
Vineet is a bakery Industry veteran and has held many senior and executive position in companies such as Weston Bakeries, Bakerhaus, etc. He has a strong industry relationship and good knowledge of business.
News
Latest News & Awards
Grant’s Desi Achiever – A Recipe For Change
The Jains are a small but influential community – so influential that most restaurants in India and most Indian restaurants in Canada offer a vegetarian no-onion, no-garlic Jain menu. But to launch...
Vision Food Innovations Announces New Distributor, Expanding Sales Network
Source: GEORGETOWN, Ontario, Jan. 25, 2022 (GLOBE NEWSWIRE) Featured Article: Financial Post Vision Food Innovations (“the Company”) is pleased to announce the expansion of its distribution network...
Vision Food Innovations Announces New Revenue Line
Featured Article - YahooFinance Georgetown, ON January 13, 2022 – Vision Food Innovations (“the Company”) is thrilled to announce it is adding additional revenue streams. The Company’s hero brand...
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114 Armstrong Ave Georgetown, ON L7G 4S2
info@visionbakeries.com