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.
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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