Beyond Meat burgers. 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.Drew Angerer/Getty Images
A UBS Global Wealth Management report also predicts lab-grown food to become commercially viable in the next decade
The market for plant-based protein is set to surge over the next decade as part of an agricultural revolution in technology, according to UBS Group AG.
“Mock meat was an almost comical fad 20 years ago,” Wayne Gordon, senior Asia-Pacific strategist at UBS Global Wealth Management, said in a 67-page report. “It’s no laughing matter today, given the industry’s meteoric rise in recent years.”
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.
The ability to create lab-grown food “that replicates meat, fish, eggs and dairy products — with a lower carbon footprint and without the need to slaughter animals — is likely to become a commercially viable option in the next decade,” UBS said.
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 2018, the digital economy reached only 0.3 per cent of agriculture and trailed other industries, UBS said. The figure is poised to surge with technology investment last year up 43 per cent to US$16.9 billion from 2017, the bank said, citing AgFunder.
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.”
From Popayan Colombia https://www.pagina100.com
If you liked it, share it with your friends!
If you want to be informed of our articles via WhatsApp send us a message to +57 323 292 6034