At the moment, one in four Americans “still report eating more protein from plant sources than in spring 2020, including foods like quinoa, lentils and tempeh, propelling the more than $7 billion dollar plant-based industry into what many are betting is the future of American cuisine,” reports The Washington Post.
In addition, they added that, “In a study of over a half-million survey participants published in September in Gut, scientists found that eating healthy plant-based foods reduced the risk of severe covid-19 by 41 percent, even after controlling for a number of factors.”
That’s substantial, game-changing news for companies such as Komo Plant Based Foods (CSE:YUM)(OTC:KOMOF), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF), Guru Organic Energy Corp. (TSX:GURU), Else Nutrition Holdings Inc. (TSXV: BABY)(OTCQX: BABYF)(FSE:0YL), and good natured Products Inc. (TSXV:GDNP)(OTC:SLGBF).
Plus, as reported by Yahoo Finance, “According to a new report from food intelligence firm Tastewise, menu mentions of plant-based meat spiked by a staggering 1,320% in the U.S. compared to pre-pandemic levels in early 2020.” In addition, according to Alon Chen, Co-Founder and CEO of Tastewise, as also quoted by Yahoo Finance, “This shift has created a $14B opportunity over the next decade, where the question is not ‘if’ every foodservice business must offer plant-based alternatives, but ‘when’ and which technology will prevail.”
The post This May be the Future of American Cuisine for Millions first appeared on Small Cap Firm.
The post This May be the Future of American Cuisine for Millions appeared first on Small Cap Firm.