The plant-based food industry has been on the rise for quite some time now, with more and more consumers opting for healthier and more environmentally friendly alternatives to traditional meat products. In fact, a recent report from Datassential’s 2023 Food Trends predicts that 40% of consumers plan to purchase plant-based meat products this year [1]. In this article, we’ll explore 12 exciting plant-based companies that are making waves in 2023 and are worth keeping an eye on. We, at Otherfood, have a mission to share all the exciting news related to healthy plant-based diet, so stay tuned for more of our contents!
1. Tattooed Chef
Tattooed Chef (NASDAQ:TTCF) is a company specializing in plant-based frozen foods and ready-to-cook meals [5]. With a market cap of $121.3 million, this innovative brand is definitely one to watch in the plant-based food sector.
2. Local Bounti
Local Bounti (NYSE:LOCL) is an ag-tech start-up that utilizes vertical farming and other innovative techniques to produce sustainable, plant-based food [5]. With a market cap of $116.2 million, this company is poised for growth in the coming years.
3. Eat Beyond Global Holdings
Eat Beyond Global Holdings is a holding company that invests in plant-based meat alternatives and has been listed on the Canadian Stock Exchange since November 2020 [8]. The company aims to acquire equity in global companies across sectors such as plant-based proteins and fermented proteins.
4. Hungryroot
Hungryroot is a trending plant-based food company that offers personalized meal plans and delivers healthy, ready-to-eat meals straight to your door [9]. Their innovative approach to meal planning and delivery makes them a company to watch in the plant-based food industry.
5. Vega (US)
Vega is a popular plant-based nutrition company that offers a wide range of protein powders, supplements, and other health products [9]. Their commitment to high-quality, plant-based nutrition makes them a standout in the market.
6. Elmhurst 1925
Elmhurst 1925 is a plant-based food company that specializes in dairy-free milk alternatives made from nuts, grains, and seeds [9]. Their focus on sustainability and delicious, nutritious products makes them a company to watch.
7. THIS™
THIS™ is a cutting-edge plant-based food company that creates realistic meat alternatives using innovative technologies and plant-based ingredients [9]. With a growing range of products, THIS™ is an exciting company to keep an eye on.
8. Meatless Farm
Meatless Farm is a leading plant-based food company that offers a wide range of meat alternatives, including burgers, sausages, and ground meat [9]. Their commitment to creating delicious, sustainable products makes them a strong contender in the market.