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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX riggingBarclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a com...
Leer más »
IBM Software Exec Predicts Quantum Computers Will Become Mainstream in Five YearsQuantum computers won’t replace today’s traditional computers, but they will become mainstream within five years, an IBM executive predicted Wednesday at The Wall Street Journal’s Future of Everything Festival.
Leer más »
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.
Leer más »
How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that 'bleeds''The burger is something people love,' Ethan Brown, founder of Beyond Meat, tells CNBC Make It. 'And so we went after that core part of the American diet,' with company's most well-known product, Beyond Burger. The company's investors include Bill Gates, Leonardo DiCaprio and even former McDonald's CEO Don Thompson and America's largest meat processor, Tyson Foods. It filed for an IPO in November.
Leer más »
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.
Leer más »
Co-op Bank, Barclays held failed takeover talks in late 2018: The TelegraphBritain's Co-op Bank approached Barclays Plc in November about Barclays acq...
Leer más »
Wells Fargo and Barclays back fintech company OpenFinFinancial services software startup OpenFin has raised $17 million in a funding ...
Leer más »
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.
Leer más »
Little Caesars is the first national pizza chain to jump on the vegan meat bandwagonLittle Caesars is the first national pizza chain to add a meat substitute to the menu.
Leer más »
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.
Leer más »