The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Food and beverage recap

Food and beverage recap — Q2 2019

Plant-based protein: It’s nice to meat you

The most successful day-one IPO since the 2008 recession is, perhaps surprisingly, not a technology start-up, but Beyond Meat Inc. (Beyond Meat), a food manufacturer. Based in El Segundo, California, Beyond Meat is largely known for the meat alternative Beyond Burger, which is available through many grocers and restaurant chains (most notably A&W in Canada). Beyond Meat, with revenue of approximately $115m USD, has a market capitalization today of approximately $10b USD, larger than Maple Leaf Foods Inc., TreeHouse Foods Inc. and Sanderson Farms Inc. Together with its closest competitor, Impossible Foods Inc. (Impossible Foods), they are leading the burgeoning plant-based meat alternative category. The plant-based milk industry can serve as a case study for potential growth, with plant-based alternatives now making up 13% of the total fluid milk category. In contrast, plant-based meat alternatives represent under 1% of the meat category today. Meatless products are not new – vegetarian burgers have been available in grocery stores and restaurants for many years. So what has changed in 2019 to allow an alternative meat company that has only operated for 10 years to be valued higher than three established players in the meat industry with over 150 years of operations combined?

Download the complete
Food and beverage recap – Second quarter 2019
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About the Food and beverage recap

The Food and Beverage Recap is a quarterly report focused on selected mid-market transactions in the North American food and beverage industry and includes brief summaries of selected transactions in the North American food and beverage industry along with the Food and Beverage Index which consists of a wide range of publicly traded North American companies and is used to illustrate enterprise value trends by sector and country, and transaction volumes and sizes.

All company information is sourced from publicly available sources, including company websites and regulatory announcements.

EY - Stephen Dewis
  Stephen Dewis

EY - Stephen Dewis

Stephen Dewis
Canadian Food and Beverage Leader
Toronto, Ontario | 416 943 2063

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