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What is the size of the plant-based meat industry?

The plant-based meat industry has experienced an impressive growth of 118% since 2017. According to the non-profit Good Food Institute (GFI), as of 2022, plant-based meat companies' market share stands at 1.3% of the overall meat category in the US, which is valued at around $897 billion.

What is the market cap of a plant-based food stock?

Market cap: US$1.11 billion The most mature pure-play plant-based food stock on the market, Los Angeles-based Beyond Meat first launched its brand nearly a decade ago. Today, the company’s plant-based meat alternatives can be purchased in grocery stores and restaurants across the globe.

What are plant-based meat products?

Plant-based meat products are usually made from soy protein, peas, and binders which have artificial and natural flavors to develop a taste of meat. There are a few important points that provide a competitive edge to firms in the plant-based meat sector in comparison to the best beef stocks.

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