Good Food Institute Executive Director says the company’s $300 million fundraising gain is the largest for a plant-based meat company in world history.
New reports released by The Good Food Institute (GFI) reveal that 2017 and 2018 were record years for investment in plant-based meat, egg, and dairy and cell-based meat companies.
Thirteen billion dollars were invested in U.S. plant-based meat, egg, and dairy companies in 2017 and 2018 alone. Eleven cell-based meat companies were founded in 2018.
Plant-based Mexican food is the next big flavor trend. In April alone, Chipotle, Taco Bell, Del Taco, and QDOBA spiced up their menus with new plant-based options.
Good Food Institute Executive Director commends Beyond Meat for its leadership, says the company’s IPO will drive sales and boost the availability of plant-based meats to meet increasing consumer demand.
The plant-based meat maker offered 9.625 million shares at $25 apiece, raising roughly $241 million.
The biggest fast-food chains are taking note of the incredible consumer demand for plant-based options, and upgrading their menus accordingly.
Good Food Institute Executive Director Bruce Friedrich says the fast-food chain’s plans are a clear signal that the plant-based trend is here to stay.
GFI’s executive director explains why biomimicking meat is a win for the planet and for people.
"If we can start to positively influence the global food consciousness by making sure that there are more sustainable, nutritious, and accessible food options in our buildings, that could have a real impact," said WeWork Food Labs Manager Tessa Price.
