On the pages of our site, we have already written about a company that creates artificial meat. However, there are many similar firms in the world competing with each other in this dynamically developing market. And one of them, Beyond Meat, is significantly expanding its production.
Beyond Meat already sells fake meat burgers to 5,000 restaurants throughout the United States, and is also a supplier to major supermarket chains. Recently, Beyond Meat has received a number of investments totaling $ 55 million, including, interestingly, from the largest meat producer Cleveland Avenue, founded by former McDonald's CEO Don Thompson.
It's worth noting that Beyond Meat does not synthesize meat in vitro. Instead, extracts of herbal ingredients are used: pea protein, yeast, beet juice and coconut oil. According to the Wall Street Journal, the company plans to replace all natural meat with plant-based counterparts in 2035. Moreover, the closest competitor in the person of Impossible Foods, which plans to produce up to 450 tons of artificial meat every month, will be engaged in "replacement".
According to analysts' forecasts, the market for artificial meat products will grow by 8.4% every year, and by 2020 it will amount to 5.2 billion US dollars. The USA and Europe will be the first to switch to artificial meat, and the last - the countries of the Asia-Pacific region.
Vladimir Kuznetsov