- The global plant-based food market is projected to be valued at $162 billion in 2030, up from $29.4 billion in 2020
- This growth will be attributed mainly to a growing interest in plant-based alternatives, with 53% of American households already adopting plant-based foods
- Eat Well Investment Group recognizes this as an opportunity and seeks to capitalize on it to become a leader in the market and create value for its shareholders
- Through its strategic acquisitions, along with the growing interest in plant-based food alternatives, the company is confident that it will achieve approximately $100 million in revenue for the 2022 financial year
In a study conducted by Bloomberg Intelligence in August 2021, it was projected that the plant-based foods market could account for 7.7% of the global protein market by 2030. Furthermore, the study estimated that this sector would be valued at $162 billion, up from $29.4 billion in 2020 (https://nnw.fm/tm4Bm).
Already, plant-based foods are in 57% of American households. In addition, plant-based food sales grew twice as fast as overall food sales in 2020. So far, 35% of Americans have already tried out plant-based meat in the past year, with 90% of them noting that they would do so again (https://nnw.fm/jlJNQ).
Overall interest in plant-based alternatives has seen a significant surge, with searches for “plant-based recipes for beginners” online posting an 85% year-over-year increase (https://nnw.fm/8bGiP).
This interest in plant-based alternatives presents an opportunity for companies and enterprises in this sector. Most notably, it has seen the industry witness significant merger and acquisition (“M&A”) transactions, with key industry players such as Sol Cuisine being acquired by PlantPlus Food LLC for approximately $126 million (https://nnw.fm/Sbm17).
However, one company that stands out from the rest and looks to tap into this growing interest is Eat Well Investment Group (CSE: EWG) (OTC: EWGFF). Headquartered in Vancouver, British Columbia, this company seeks to grow its seed-to-market investment platform while also building a unique ecosystem that can supply and sustain essential cornerstone needs for society.
Founded in 2020, Eat Well Investment Group has significantly grown its investment portfolio, mainly from critical acquisitions, including Belle Pulses, a plant-based ingredients processor, and Sapientia, a plant-based food technology platform.
Eat Well Investment Group’s management believes that through these strategic acquisitions and growing interest in plant-based foods, it’s investments will achieve approximately $100 million in revenue for the 2022 fiscal year, a notable increase from the previous year.
The company has a significant foothold in the snack food market, consumer packaged goods (“CPGs”), and the media through its subsidiaries. It also offers plant-based baby food through Amara, one of the fastest-growing baby food brands in the United States, while also boasting of a significant, unrivaled market reach in the sector.
By 2028, the plant-based food market will be valued at $78.95 billion, up from $40.21 billion in 2021. This will represent a CAGR of 11.9% over the forecast period. With the sector showing great promise and potential for growth, Eat Well Group seeks to be at the forefront, not just capitalizing on the growth but also blazing the path in offering plant-based food alternatives to customers (https://nnw.fm/sDKMs).
For more information, visit the company’s website at www.EatWellGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://nnw.fm/EWGFF
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