More to vegan economy than replacing meat

Built on the premise of helping the environment through offering a more sustainable substitute for meat-based products, Los Angeles, California-based Beyond Meat (BYND) was first created by its founder, president and CEOEthan...

The plant-based meat market is estimated to be valued at USD 4.3 billion in 2020 and is projected to reach USD 8.3 billion by 2025, recording a CAGR of 14.0%.

Tesco will be closing meat, fish and hot deli counters across 317 of its stores in response to the growing plant-based sector, according to analysts at GlobalData.

One of Australia’s largest plant-based meat manufacturers, Fënn Foods, has secured investment from fund manager Bombora Investment Management.