Two state-of-the-industry reports on: plant-based meat, eggs and dairy; and, cultivated meat -- issued by The Good Food Institute (GFI) -- said that alternative protein innovation reached an all-time high in 2019. Twenty of the 55 companies active in this space worldwide were formed in 2019.
Plant-based foods suit new consumption patterns and offer a substantially lower risk of pathogens than conventional meat. US retail sales of plant-based meat rose by 18% in 2019 and plant-based food sales reached $5B. Saying the future is plant-based and cultivated meat, GFI also said it’s still early days and the industries need more capital and resources to transform the food system into becoming stable and sustainable. www.gfi.org