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Plant-Based Foods: The Next $Billion Market.
According to Investing News Network, the plant-based food trend is sweeping across tables in North America, creating a lucrative market of opportunity.
The global market for plant-based foods is expected to surpass US$95.52 billion by 2029, driven significantly by the rising consumer preference for plant-based alternatives over traditional meat and dairy products.
Over the past couple of years, numerous companies secured more than US$100 million in funding rounds. A standout success story is privately held Impossible Foods, which completed a US$500 million raise, accumulating lifetime funding of over US$2 billion.
Lux Research, in its Foresight Report, identifies alternative proteins among its top technology innovations poised to have the greatest impact on global markets in the next decade. With a nearly 12 percent compound annual growth rate forecast over seven years, the plant-based food sector represents a high-growth opportunity for investors.
Transitioning from the market overview to Tommy Bud’s commitment to sustainability, we envision more than just a thriving market; we see ourselves as catalysts for global consciousness, resilience, and nourishment. Our dedication extends beyond financial success; it’s a pledge to cultivate a healthier world.
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California became the 1st state to fund plant-based school meals, allocating a significant $700 Million Dollars. Hemp Is The Future!