November 18, 2020
The global market for plant-based meat was worth $5.3 billion in 2019 and is growing at a CAGR (compound annual growth rate) of 14.5% and is estimated to reach $11.9 billion in 2025, according to the BCC Research report, Plant-based Meat: Global Markets.
One major player in the plant-based meat market—Impossible Foods, the company behind the famed Impossible Burger—recently announced that they raised a record $700 million in 2020.
The company also revealed their newest prototype—milk. Fully functional, nutritionally complete, creamy and made entirely from plants and nuts, it’s designed to taste, look and froth like the real thing.
While it’ll be some time before Impossible Milk hits the shelves, this product is an answer to a growing consumer demand for alternative milk and meat options.
Read the full report here: https://www.bccresearch.com/market-research/food-and-beverage/plant-based-meat-market.html
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Plant-based Meat: Global Markets( FOD098A )
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