Fake meat is 'no laughing matter': Plant-based protein will be worth $85-billion by 2030
Beyond Meat Inc., the vegan burger maker, emerged as this year’s darling in the IPO market with shares surpassing US$200 last month compared with a US$25 offering price. UBS predicts the plant-protein market will swell to US$85 billion by 2030 from US$4.6 billion now, with the broad market for agriculture technology set to reach US$700 billion from US$135 billion.
Agriculture accounts for 40 per cent of land use, 30 per cent of greenhouse gas emissions and 70 per cent of freshwater consumption, UBS said, citing the United Nations. Biological solutions include vertical farming, lab-grown food and artificial intelligence, the bank said.
In the outlook to 2030, UBS forecast growth of 16 per cent for both smart farming and online food delivery, 13 per cent for seed treatment and 9 per cent for seed science, and “investors should diversify their exposure and own listed and unlisted companies alike.”