The US plant based meat industry was worth $801 million up to July 2019, becoming the third fastest category of plant based foods behind milk. And, by 2025, the market could be worth well over $27.9 billion, according to Markets and Markets.
“UBS analysts say the alternative meat market could grow 28% a year to $85 billion in the next 10 years, as reported by Business Insider. Euromonitor estimates that the market for plant-based foods could be worth $2.5 billion by 2023, reports CNBC. Even Disney is jumping on the bandwagon, having just announced it’s expanding its selection of plant-based food items at theme parks and on its cruise line.
“It’s all creating sizable opportunity for companies such as Else Nutrition Holdings Inc, Burcon NutraScience Corp, McDonald’s Corporation, Kellogg Company, and Tyson Foods Inc.”
