Every week, Plant-based Business Expert Elysabeth Alfano breaks down the headlines with her review and analysis in the Plantbased Business Minute. Elysabeth is the founder of Plant Powered Consulting, the host of the Plantbased Business Hour, and the Consulting Managing Director, vegconomist, North America.
Here is the rundown from her video for the week ending November 20, 2020.
Cellular & plant-based meat to be 60%
The best news I have had all year. Kearney and the Edison Group have done a market research report on the meat market. Not the plant-based market to one side and the meat market to the other, but the meat market as a whole, including three major players: meat-old fashioned meat, plant-based meat, and cellular agriculture products. Their study predicts that in nineteen years and less than two decades, cellular meat and plant-based meat will be 60% of the meat market.
My business bottom line here, which is also really my good news, is that in under two decades the majority of the meat market will not include animals.
The Very Good listing
The Very Good Butchers also have some very good news. They landed in the Canadian stock market in June of this year, but now they’re on the American stock market. They’re on the OTCQB which is the over-the-counter exchange for smaller, younger businesses.
My business bottom line here is that as plant-based businesses get bigger you will see more and more options, particularly around this time next year, publicly traded on the stock market.
Unilever’s plant-based direction
Speaking of bigger, perhaps you’ve heard of Unilever. That’s right, they’ve got Ben and Jerry’s. They’ve got Hellmann’s. They’ve got the Vegetarian Butcher. Unilever is saying that within the next five to seven years they’re going to grow their plant-based business to a billion euros a year.
Hanneke Faber has this to say from Unilever, “As one of the world’s largest food companies, we have a critical role to play to transform the global food system.”
My business bottom line here is that we all have a critical role to play to transform the global food system from the consumer to the small plant-based business to the large multinational. We all play a critical role, so let’s get to work.
That’s the Plantbased Business Minute. If you would like a deeper dive into plant-based business, please subscribe to the Plantbased Business Hour wherever you get your podcasts. And if you are a small plant-based business or a large meat and dairy company and you are looking to navigate the plant-based landscape, please reach out to me on LinkedIn. My team and I at Plant Powered Consulting are here to help you with media, marketing, communications strategy and so much more.