The market for alternative meat can reach $140 billion over the next decade, according to a team of Barclays analysts.
The opportunity "for plant-based protein than perhaps was argued for electric vehicles ten years ago," Barclays says. The market for alternative meat can reach $140 billion over the next decade, according to a team of Barclays analysts spanning the agriculture, food and restaurant industries. That rapid pace of growth implies the animal-free industry could capture about 10% of the $1.4 trillion global meat industry.
"While lab-based meat is still likely several years away from hitting supermarket shelves, plant-based protein continues to gain ground vs. its animal-based counterpart, and we expect this trend to continue for the foreseeable future," they added.
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Great news for farmers! More processed food to replace them.
It’s expensive and tastes bad. Other than that, it’s great
🤮🤮
WTF is alternative meat?! We have nobody representing us! NOBODY! WTAF?!?!
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