MRM Plant-Based: Investor Interest and Impossible Anniversary
16 Min Read By MRM Staff
Modern Restaurant Management (MRM) magazine is launching a column for plant-based news. Send news items to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.
Record Pace for Plant-Based Investments The Good Food Institute (GFI) revealed that 2017 and 2018 were record years for investment in plant-based meat, egg, and dairy and cell-based meat companies. GFI’s State of the Industry reports analyze investment activity within these industries and show that more than $16 billion was invested in U.S. plant-based meat, egg, and dairy companies over the past 10 years, including $13 billion in 2017 and 2018 alone.
The flurry of investment activity in 2017 and 2018 also included a clear uptick in acquisitions. Since 2009, there were 19 acquisitions of plant-based companies and 10 of these occurred in the past two years. The biggest acquisition took place in 2017 when plant-based milk market leader WhiteWave Foods was acquired by Danone for $12.5 billion.
Although the…
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