PLANT-BASED MERGERS AND ACQUISITIONS
In the past few years, as food giants struggle to keep up with the growing population opting for a plant-based lifestyle, the market has witnessed a growing number of M&A in the plant-based food industry.
The U.S. market for plant-based protein is estimated at $600 million, with the refrigerated category representing more than $110 million and delivering double-digit annual growth.
In 2016 alone, the global plant-based protein market was $8.35 billion. In 2022, it is estimated to reach $14.22 billion.
Below are a list of traditional meat/dairy companies that have chosen to acquire/merge with a plant-based company, all in a bid to capitalise on the rising demand for health foods.