- The global plant-based food market is projected to be valued at $162 billion in 2030, up from $29.4 billion in 2020
- This growth will be attributed mainly to a growing interest in plant-based alternatives, with 53% of American households already adopting plant-based foods
- Eat Well Investment Group recognizes this as an opportunity and seeks to capitalize on it to become a leader in the market and create value for its shareholders
- Through its strategic acquisitions, along with the growing interest in plant-based food alternatives, the company is confident that it will achieve approximately $100 million in revenue for the 2022 financial year
In a study conducted by Bloomberg Intelligence in August 2021, it was projected that the plant-based foods market could account for 7.7% of the global protein market by 2030. Furthermore, the study estimated that this sector would be valued at $162 billion, up from $29.4 billion in 2020 (https://ibn.fm/2auqY).
Already, plant-based foods are in 57% of American households. In addition, plant-based food sales grew twice as fast as overall food sales in 2020. So far, 35% of Americans have already tried out plant-based…
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