1.London, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Plant-based food products are defined as a finished product consisting of ingredients derived from plants that include vegetables, fruits, whole grains, nuts, seeds, and/or legumes. What differentiates them from animal-based foods is that their fiber fraction is made of indigestible compounds, mainly, pectins, hemicellulose, cellulose, and/or resistant starch.The plant based food marketis expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.

Additionally, the very large increases volumes will help to drive down costs as firms produce to scale, and new production techniques are evolving quickly that will also reduce costs.

TFU and explain: The combinations of fast growth, lower per unit costs and improved technology will make plant based producers like Beyond Meet and Impossible Foods very profitable for the foreseeable future. (5)