PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) to Capitalize on An Industry Set to Grow Fivefold by 2030

August 26, 2021 11:19:25
  • Plant-based dairy and meat alternatives sales are projected to reach $162 billion in 2030
  • The growth will be fueled by the growing popularity of the products and consumers becoming more conscious of the environmental footprint of food
  • PlantX intends to capitalize on this growth. So far, it has invested in its infrastructure while also growing its product line that already comprises over 5,000 products
According to a Bloomberg Intelligence report, in 2020, plant-based dairy and meat alternatives totaled $29.4 billion. It is projected that by 2030, sales will have increased to $162 billion, making up 7.7% of the global protein market (https://ibn.fm/RO0Vd). Legacy food companies such as Nestle SA, Tyson Foods Inc., and Kellogg Co. have all noticed this trend and the industry’s potential. Consequently, they have introduced their plant-based meat alternatives and milks to compete with dedicated… Read More>> NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

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