9/18/2023 0 Comments Beyond meat stock discussion![]() ![]() Let’s say Barclays’ projections are accurate and meat substitutes take 10 per cent of the meat market in the next 10 years. ![]() An Impossible Whopper, for example, costs a dollar more than a standard Whopper.īut let’s say the meat substitutes can make themselves indistinguishable from meat, both in taste and cost. Right now consumers pay a significant premium for a plant product to taste like meat. The fact of increasing populations in the areas most likely to also see per capita meat consumption rise is why the OECD and Food and Agriculture Organisation of the United Nations predict meat demand in developing regions will grow at four times the rate of developed nations over the next decade.īy 2030, according to projections published by the Food and Agriculture Organisation in 2018, meat will increase by 80 per cent in low and middle incomes, under a business-as-usual scenario.īy 2050, it will increase more than 200 per cent.Ĭan meat substitutes change the scenario? Only countries with cultural reasons to not eat meat, such as Hindu-majority India, are likely to buck this trend. Total consumption of meat (in million metric tons) in different regions and globally (inset). Thus the chart below shows dramatic increases in meat consumption in China, and throughout Asia and Latin America, reflecting economic development. Historical data show diets tend to become more meat-rich as wealth increases. How this population growth affects meat consumption depends largely on income levels. Populations elsewhere are expected to increase marginally. Most of this growth will occur in Africa, followed by Asia. The rationale for the importance of meat substitutes and alternatives often starts with feeding a global population projected to grow from 7.7 billion now to 9.8 billion in 2050 and 11.2 billion in 2100. Investors are also betting on the longer-term prospect that lab-grown meat can capture the hearts and dollars of carnivores worried about the ethics and environmental sustainability of killing animals. Photo: Other players in the market include Nestlé, the world’s largest food company, and Tyson Foods, the world’s second-largest processor and marketer of chicken, beef and pork. ![]() The privately held company has reportedly raised more than $US500 million, and is valued at $US2 billion.Īn Impossible Burger from an Umami Burger franchise in San Francisco, California. There’s Impossible Foods, for example, whose burger “bleeds” beetroot juice and is the meat (substitute) in Burger King’s Impossible Whopper. It’s such projections that have fuelled investors’ appetite for companies working on ways to make plant-based protein look and taste like meat. One prediction, by the well-known Barclays, is that the market could be worth $US140 billion, or 10 per cent of the $US1.4 trillion meat market, in the next 10 years. Predictions about the market potential for plant-based or lab-made meat vary.Ī lot of it appears to be only slightly better than sheer guesswork. How realistic is this? The data suggests not very – that meat alternatives might play a positive role but in no way are going to save the planet. The appeal is summed up by Beyond Meat’s mission statement: “By shifting from animal to plant-based meat, we are creating one savoury solution that solves four growing issues attributed to livestock production: Human health, climate change, constraints on natural resources and animal welfare.” Interest is booming in plant-based meat substitutes and lab-grown meat alternatives. Investors’ enthusiasm reflects high hopes in the future fortunes of a company promising to put the sizzle into a meat substitute. Since it listed on NASDAQ in May, its shares have surged more 700 per cent. ![]()
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