Ultimately, Beyond Meat went on to become the best-performing IPO of 2019, and today it has a market cap of $7.8 billion. Whether or not the markets cooperate for Oatly in 2021, the company is intent on being poised for the opportunity. It drew in celebrity investors like Oprah Winfrey and actress Natalie Portman, and it touts itself as a technology-enabled sustainable “dairy” company for Generation Z. While similar in many ways, there are also some stark differences between Beyond Meat and Oatly, noted an industry investment banker. Last year’s market value for plant-based foods was around $4.5 billion, according to the Plant Based Foods Association, which noted that 60% of Gen Z wants to eat more plant-based foods.

Source: Forbes August 10, 2020 14:15 UTC