Thursday, July 18, 2024


Plant-Based Food Industry Over $44 Billion

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Photo by LikeMeat on Unsplash

Beyond Meat’s stock price has continued to fall. Since the IPO in May 2019, prices have been as high as 243 and are at the lowest now around 37. Yet industry leaders say its stocks will rise 10x in years to come. They predict the plant-based food industry overall (currently at a little above $44 billion) will reach $161 billion by 2030 and they expect Beyond Meat to dominate the industry by then.

The Los Angeles-based plant-based company is gaining ground in the U.K. and plans to introduce several products to attract U.K. customers this year. It offers other plant-based foods such as jerky, sausages, faux chicken strips, and hot dogs. Beyond Meats ended 2021 with nearly half a billion in revenue and a net loss of $187 million.

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