The plant-based boom isn’t going away.
At least, not any time soon.
In fact, we’re looking at an industry that could grow 100-fold by 2050 to $1.4 trillion, says Credit Suisse. All as demand for plant-based alternatives runs higher.
According to Alan Jope, Unilever’s Chief Executive, “We are seeing in every single country in the world a shift towards more plant-based diets, even in emerging markets.”
Even Tyson, Smithfield, Perdue, Hormel, Nestle have jumped on the plant-based bandwagon, for example. McDonald’s introduced a McPlant meatless burger. Jimmy Dean added plant-based patties, including the Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich, and Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich. However, that’s just the start.
With the plant based story only heating up, and more folks around the world shifting to plant-based meals, we could be looking at a massive market. That’s all great news for companies such as Feel Foods Ltd. (CSE:FEEL)(OTC:FLLLF), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF),Nabati Foods Global Inc. (CSE:MEAL), Komo Plant Based Foods (CSE:YUM)(OTC:KOMOF)(FSE:9HB), and Blender Bites Ltd. (CSE:BITE).