Global Biotechnology Insights
Dec 19, 2019
Plant-Based Meat: An Outlook For 2020
2019 has been a big year for plant-based meat substitutes. Spurred on by consumer perceptions of healthiness and a global megatrend towards conscious consumptions, sales of plant-based meat grew by almost 40%, compared with 2017. In the three months after going public, plant-based burger maker Beyond Meat's share price surged by 500% and rival Impossible Foods secured an additional $300 million in funding.