Alternative meat to become $140 billion industry in a decade, Barclays predicts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Analysts at Barclays 'can't believe it's not meat,' projecting huge growth for the nascent alternative food industry over 10 years.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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?!?!

Have your heard that many people lost their crypto assets by keeping it online, as their wallets and exchanges was hacked one day. Get a new Ledger Nano X now, .It is the most advanced and secured wallet on the planet.

Hard pass!

Have your heard that hackers are aggressively attacking online crypto wallets and exchanges everyday. Make you self a favor and get a best hardware wallet in the world Ledger Nano X and sleep well at night.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How RuPaul’s DragCon became big business for the beauty industryNow in its fifth year, DragCon will return to Los Angeles May 24-26. As drag culture has gone mainstream, so have drag makeup techniques. DragCon, in turn, has evolved into a premier destination for beauty lines catering to an ever broadening market. And products, there are some great products They are so talented with it, it makes perfect sense that it has become successful! No disrespect. I just want to pretend. The beauty of drag spirit behind caricature. Life lived full with turbulent features. Diversity color giving me joy. As long as it doesn’t impede the journey of my soul
Source: latimes - 🏆 11. / 82 Read more »

I thought my meatless burger was the real thing — and that’s why the meat industry is headed for troubleInvestors in Tyson Foods and Smithfield Foods parent WH Group should be worried about the conversations these meatless burgers are starting. joshspecht What about steaks joshspecht Corporate ranchers should be concerned. They are nothing but cruel barons of the industry so I won't be sorry to see them go. I will continue to support my local ranchers that care for their stock properly and humanely. joshspecht That looks so yummy and juicy. iLoveMeatless
Source: MarketWatch - 🏆 3. / 97 Read more »

Wells Fargo and Barclays back fintech company OpenFinFinancial services software startup OpenFin has raised $17 million in a funding ... I, for one, would be skeptical of Wells Fargo backing SNL's Church Lady.
Source: Reuters - 🏆 2. / 97 Read more »

After almost a decade and billions in outside investment, Magic Leap's first product is finally on sale for $2,295. Here's what it's like.Magic Leap has been working on its technology to mix computer-generated images with the real world mostly in private for seven years, with backing from Google, Alibaba, and other powerhouses. Now, the first product is finally here, and CNBC's Todd Haselton got to try it. Here's what he learned. ,
Source: CNBC - 🏆 12. / 72 Read more »

WeWork's CEO says his $47 billion company is recession-proof. Industry watchers aren't convinced.WeWork, founded in 2010, hasn't gone through a downturn. Analysts say any market drop could hit the company much harder than its tech peers, like Uber. A company that is dependent on a growing economy is recession proof? My biggest concern about this company is a delusional CEO. The article is gated. Would love to learn his thought process/evidence as how he arrived at this conclusion. Practice wisdom would suggest they’d be very susceptible.
Source: BusinessInsider - 🏆 729. / 51 Read more »