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New information released by the Great Meals Institute shows that the American cell- and plant-primarily based meat markets have skyrocketed in the previous two years, with $23 billion invested in option meat, dairy, and egg providers in 2017 and 2018 alone. This brings total American investments in these providers to far more than $16 billion considering the fact that 2009, according to GFI.

“With international demand for meat set to double by 2050, capturing even a fraction of this burgeoning industry would represent a enormous chance for each plant-primarily based and cell-primarily based meat providers,” mentioned GFI Director of Innovation Brad Barbera. 

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“These industries are accelerating quickly, and we are about to see them take off. There is a wonderful deal of momentum, which has been brought about by solution innovation, higher emphasis on high-quality, far more investment, and a adjust in customer values.”

Beyond Meat is one particular of the greatest players in this increasing industry and final week became the initially plant-primarily based meat corporation to go public. Fortune referred to as its initial IPO the “best debut of 2019,” and Beyond Meat’s stock is currently up 199 % from the IPO price tag of $25 per share, reports Bloomberg.

Bigger providers have also been investing in or acquiring option meat and dairy brands, such as Danone, which acquired plant-primarily based milk producer WhiteWave Foods in 2017 for $12.five billion, or Tyson Foods, which invested in Beyond Meat but sold its shares ahead of the corporation went public in order to concentrate on making its personal plant-primarily based meat options. Before its IPO, Beyond Meat had also attracted higher-profile investors like Leonardo DiCaprio and Bill Gates.

GFI also discovered that 2018 was a record year for cell-primarily based meat (formerly recognized as clean meat), with 12 cell-primarily based meat providers raising capital worth $50 million. This year also saw 11 new cell-primarily based meat providers join the marketplace, bringing the total to 27 at the moment racing to be the initially to bring cultured meat to the open industry.

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