ImpactAlpha, March 18 — Investors are taking notice of the growing global demand for plant-based foods – and the opportunity to curb the carbon footprint of modern agriculture and meat production. The alternative meat market will grow by 28% a year and reach $85 billion by 2030, UBS forecasts. Plant-based dairy could be worth $37.5 billion by 2025.
Leaders Impossible Burger and Beyond Meat are valued at a combined $6 billion (see, “Impossible Foods raises $300 million as demand for plant-based meat surges”). Canada’s Nabati Foods is planning to go public after raising $7.7 million to expand its plant-based brand to the U.S. Israel-based MeaTech becomes the first lab-grown meat company listed on Nasdaq, having raised $22 million. In the Philippines, Monde Nissin Corp. is looking to expand its plant-based foods business internationally and has filed for an IPO that could raise up to $1.3 billion.