Interest in plant-based meat and dairy alternatives has soared over recent years. CNBC reports that the plant-based meat alternative industry is now worth $20 billion per year. That figure is expected to grow to $23.2 billion by 2024.
Leading the way are breakout companies such as Beyond Meat and Impossible Foods. Both companies make plant-based foods that taste similar to real meat, and both have rapidly grown into nationwide brands.
Not surprisingly, investment in these areas is soaring. Fast Company reported that investment into alternative meat and dairy companies in the first half of 2020 was over $850 million, surpassing the total raised in all of 2019. For example, oat milk brand Oatly raised $200 million from Blackstone and Oprah Winfrey. The deal valued Oatly at $2 billion.
Live meat and dairy alternative deals on Republic
There are currently a number of live startup deals in the meat and dairy alternative space on Republic. Let’s take a brief look at each.
Moku makes tasty jerky from mushrooms. Looks like bacon, tastes like jerky. Was 1 of 3 new brands selected into Amazon's Emerging Brands Program for 2020.
Akua makes plant-based jerky and burgers from ocean-farmed kelp. Was named one of Time Magazine’s Best Inventions of 2019.
Genius Juice makes organic, dairy-free coconut smoothies. 242% YoY growth rate from 2019 through November 2020. Featured on Shark Tank in 2020 with offers from Mark Cuban & Barbara Corcoran.
WellWell makes plant-based functional beverages, and dairy-free protein drinks. Over 785,000 bottles sold to date.
Editor’s note: The issuers featured in this blog are being highlighted as they all are in the meat/dairy alternative space. You can see all companies raising on Republic here.
This educational article is provided by Republic to help its users understand this area of the market, it should not be construed as investment advice as it is impersonal, disinterested and was produced by Republic for Republic’s users, without remuneration received or expected.