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ARTICLE · 01 JULY 2019

Good Eats: Rising Interest In Dairy & Meat Alternatives Driving M&A Activity

As consumer demand for dairy and meat alternatives increases, established food manufacturers are looking to supplement their offerings by entering into M&A transactions with emerging meat and dairy alternative manufacturers.

CanadaCorporate/Commercial Law

As consumer demand for dairy and meat alternatives increases, established food manufacturers are looking to supplement their offerings by entering into M&A transactions with emerging meat and dairy alternative manufacturers. According to a recent report by the Good Food Institute (GFI), there have been 46 completed investments and acquisitions of vegan food manufacturers in 2018 alone, with the largest acquisition having a value of $12.5 billion. Many leaders in the meat industry are starting to acquire and invest in the dairy and meat alternatives market to tap into consumer demand. Investing in vegan alternatives is essential for food manufacturers to show growth to their investors and shareholders. GFI has shown that in 2017-2018, U.S. retail food sales grew 2% overall, whereas plant-based meat sales grew by 23%, exceeding $760 million in sales.

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