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How many publicly traded U.S.- or EU-based plant-based meat producers will be valued at $1bn or more on October 4th, 2023?

Question

In 2019, the stock price of plant-based unicorn Beyond Meat surged more than fivefold in less than two months after it IP-Oed on the 3rd of May. The California-based startup is one of many producers developing innovative processes to more closely replicate the structure and taste of real meat using only plant-based ingredients.

How many publicly traded US- or EU-based plant-based meat producers will be valued at $1bn or more in October of 2023?


Resolution

This question resolves as the number of publicly traded plant-based meat producers that simultaneously valued at above $1bn at noon in local time on October 4th (i.e. world animal day), 2023.

For a company to be considered a plant-based meat company, a "substantial portion" of its revenue must be generated through the sale plant-based meat products principally produced by the company itself or by its subsidiaries. A "substantial portion" here is defined as:

  • at least 80% of its revenue for a company valued between $1bn and $2bn, or
  • at least x%, such that x% of the company's valuation is at least $2bn

The company needs to be based (in the sense of either being registered or headquartered) in the the United States or any country that is member of the European Union as of July 2019 (this includes the United Kingdom), or Switzerland. Moreover, the company's stock needs to be traded on an exchange located in any of these countries.

Plant based meat is here defined as any product that is made to mimic properties found within natural meats, and advertised as a meat substitute with meat-like qualities (such as taste, texture, nutritional content, or other factors).

In case the stock is traded in a different currency, the conversion shall be done by an admin at the time of resolving.Company valuation thresholds are here given by 2019 prices, and future valuations will be adjusted for inflation using a commonly used country-specific CPI.

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