Meatless “meat”: where’s the beef?

David Smith

meatless meat (image)

Food consumption trends are constantly changing. Companies producing protein alternatives that taste and act like real meat are hoping to be the next big trend that changes eating habits for good.

In the age of ubiquitous tech startups, the relative importance of a trend is often determined by the level of interest shown by venture capitalists. By that measure, meat substitutes have hit the big time. 
meatless chart (image)

There was nearly half a billion dollars invested in 20 different companies focused on meatless “meat” and alternative proteins in the first half of 2019. Total global revenue from meat substitutes in 2018 was a mere 0.9 percent of the overall meat products market ($492 billion) but is expected to grow at nearly twice the rate over the next five years.

What does this all mean? Read the full article.

hamburger (image) Meatless meat (imagE)

Related insights

digital twins (image)
Research • Technology

The power of digital twin technology

Digital twin technology is the ultimate technology tool that combines artificial intelligence (AI), the internet of things (IoT), algorithms and other innovations to create a powerful collection of data.
Oliver Skagerlind
mcdonalds (image)
Research • Retail

McDonald’s new flashy flagship in Times Square

McDonald’s recently invested approximately $6 billion to modernize more than 8,700 restaurants in the United States including their flagship in New York City’s Times Square.
Andrew Kahn
delivery app (image)
Research • Retail

Are food delivery apps "eating up" restaurants?

Digital ordering has grown 300 percent faster than dine-in traffic since 2014. What can restaurants do to survive?
Darren Yates