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Infographic: 11 Tech Trends to Watch in 2023

by Nick Routley
This post is by Nick Routley from Visual Capitalist

infographic highlighting 11 tech trends for 2023

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Infographic: 11 Tech Trends to Watch in 2023

It can be tough to keep up with the rapid pace of innovation.

Each new year delivers the full spectrum of progress from game-changing breakthroughs to incremental advancements in a wide variety of fields.

In a noisy media landscape fueled by hype and speculation, it can be tough to know where true value is being created. The infographic above, which draws from CB Insights’ recent report on 11 Tech Trends To Watch Closely in 2023, helps narrow down some areas of focus:

  1. Immortality-as-a-service
  2. The secret invasion of super apps
  3. Fintech’s rapid regeneration
  4. Bots in the house
  5. Virtual power plants
  6. Healthcare’s invisibility trick
  7. Smell goes digital
  8. Femtech turns to menopause
  9. The bio-based materials boom
  10. India’s tech ascent
  11. Regenerative agtech takes root

The report draws information from earnings transcripts, media mentions, investment activity, patents, and more to arrive at the trends listed.

We’ll examine three of these trends below in a bit more detail.

Setting the Stage: Clash of the Super Apps

The concept of a super app⁠—an all-in-one (Read more...)

5 Opportunities for Innovation in the Plant-Based Food Market

by Iman Ghosh
This post is by Iman Ghosh from Visual Capitalist

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The following content is sponsored by The Very Good Food Company (VGFC)

5 Opportunities for Innovation in the Plant-Based Food Market

From an increasing number of people claiming to be flexitarian to more alternatives product options hitting the shelves, the popularity of plant-based food has been skyrocketing—resulting in a consumer base that is far bigger than just vegetarians and vegans.

What’s more, plant-based meat has been called the “best climate investment” of late. It’s no wonder that the plant-based food market is flourishing—and it’s set to grow to $162 billion by 2030.

But to meet high demand, more innovation is needed to scale up and achieve these estimates. This infographic from the Very Good Food Company (VGFC) looks at five opportunities for innovation that could reshape the plant-based food industry.

#1: Protein Sourcing

Do you know where your protein comes from? Among the commercially available plant-based protein ingredients today, a majority are made from just 2% of the 150 plant species that drive the global food supply chain.

Of these, just 12 provide 75% of the world’s plant-based food. These statistics also leave out the 250,000 or more plant species that aren’t utilized in agriculture today—leaving plenty of room for exploration.

Discovering new sources of plant-based proteins could help expand product offerings, potentially boosting taste as well as texture.

#2: Protein (Read more...)

5 Opportunities for Innovation in the Plant-Based Food Market

by Iman Ghosh
This post is by Iman Ghosh from Visual Capitalist

Published • Updated •
Tweet
Share
Share
Reddit
Email
The following content is sponsored by The Very Good Food Company (VGFC)

5 Opportunities for Innovation in the Plant-Based Food Market

From an increasing number of people claiming to be flexitarian to more alternatives product options hitting the shelves, the popularity of plant-based food has been skyrocketing—resulting in a consumer base that is far bigger than just vegetarians and vegans.

What’s more, plant-based meat has been called the “best climate investment” of late. It’s no wonder that the plant-based food market is flourishing—and it’s set to grow to $162 billion by 2030.

But to meet high demand, more innovation is needed to scale up and achieve these estimates. This infographic from the Very Good Food Company (VGFC) looks at five opportunities for innovation that could reshape the plant-based food industry.

#1: Protein Sourcing

Do you know where your protein comes from? Among the commercially available plant-based protein ingredients today, a majority are made from just 2% of the 150 plant species that drive the global food supply chain.

Of these, just 12 provide 75% of the world’s plant-based food. These statistics also leave out the 250,000 or more plant species that aren’t utilized in agriculture today—leaving plenty of room for exploration.

Discovering new sources of plant-based proteins could help expand product offerings, potentially boosting taste as well as texture.

#2: Protein (Read more...)

The Rise of Functional Food: What Investors Need to Know

by Sponsored Content

The following content is sponsored by Billy Goat Brands (CSE: GOAT) (“GOAT”)

functional food

The Rise of Functional Food: What Investors Need to Know

Following the COVID-19 pandemic, consumers are looking for new ways to use food as medicine in a bid to help protect them against disease. As a result, the functional food market is booming.

But is it just the buzzword du jour, or a growth market that investors should seriously consider?

The infographic above from Billy Goat Brands (CSE: GOAT) (“GOAT”) breaks down the key points that investors need to know about how the market is structured.

Functional Food: The Basics

To start, let’s explain what functional food means.

Functional food is an umbrella term that describes food that has a positive impact on your health, beyond its basic nutritional value.

Take oatmeal for example. It contains soluble fiber that can help lower cholesterol levels and reduce inflammation. Therefore it is considered to be a food that is functional. Benefits of these foods may include things like:

  • Protecting against disease
  • Preventing nutrient deficiencies
  • Promoting growth and development

Some foods also have nutrients added to them to enhance their nutritional profile, such as milk with added Vitamin D, and therefore provide the same benefits to consumers.

While there is much debate around the official definition of the term functional food, the most important thing to remember is that they are foods that have added benefits—either natural superfoods, or enhanced during the production process.

Let’s dive into the market on a (Read more...)

How Does Animal Meat Compare to Plant-Based Meat?

by Sponsored Content

10 things investors should know about the plant-based food market Part 1 of 6
Why the 2020s are a watershed decade for plant-based alternatives Part 2 of 6
Plant-based meat vs. animal meat Part 3 of 6
From bean to burger 4 of 6
Plant-based consumer potential 5 of 6
5 innovations in plant-based technology 6 of 6

The following content is sponsored by The Very Good Food Company

plant-based meat infographic part 3

How Does Animal Meat Compare to Plant-Based Meat?

Plant-based alternatives are no longer for vegetarians and vegans alone. In recent years, they’re appealing to many people who are cutting out, or cutting down their personal meat consumption.

Whether you consider yourself one of these people or simply recognize the rise of this trend, this infographic from the Very Good Food Company (VGFC) explores three key reasons why the plant-based market is growing, and how it compares to animal meat.

It is Part 3 in a series that provides investors with everything they need to know about participating in this exciting space.

Plant-Based Meat: A Flexitarian Choice of Younger Generations

In an online survey of consumers, over one-third considered themselves “flexitarian”—eating mostly plant-based diets, with the occasional meat consumption. In fact, among Americans eating less meat, 36% are directly replacing these products with plant-based alternatives.

This is being primarily driven by younger generations, who show significant preferences for plant-based lifestyles:

GenerationAlready regularly eating plant-basedTrying to eat more plant-based
Millennials79%30%
Gen Z79%60%

It’s no wonder then, that the plant-based food market is set to sprout by nearly 5x within the next decade, expected to reach $162 billion by 2030. The top three reasons that consumers are transitioning to plant-based diets are health consciousness, environment concerns, and overall costs. How does animal meat compare to plant-based meat in these key areas?

1. Public Health and (Read more...)

5 Reasons Why Cultured Foods Are Here to Stay

by Sponsored Content

The following content is sponsored by CULT Food Science (CSE: CULT)

 

5 Reasons Why Cultured Foods Are Here to Stay

5 Reasons Why Cultured Foods Are Here to Stay

Imagine a world where humans can thrive without harming any animals for food.

By cutting meat consumption and shifting to a plant-based diet, we could reduce greenhouse gases by 70% by 2050 and spare 105 animals per person each year.

Cellular agriculture has the power to make this shift less daunting. The infographic above from CULT Food Science (CSE: CULT) explores five reasons why foods produced from cell cultures could make this world a reality.

The Case for Cultured Foods

First things first, the term cellular agriculture describes the process of growing animal agricultural products directly from cell cultures instead of using livestock.

Foods produced from cell cultures—also known as cultured foods—can provide a promising solution to a wide range of problems we are currently facing.

Sounds too good to be true? Let’s dive into some of the reasons cultured foods are here to stay:

1. A More Sustainable Food System is Desperately Needed

With populations rising at an unprecedented pace, more healthy and affordable food options are required urgently.

Cultured foods can provide a more efficient solution compared to conventional meat. In fact, it takes just 2-3 weeks to create a cultured meat product compared to the 52 weeks+ it takes to raise a farm animal such as a cow.

Compared to animal-sourced industries, food produced from cell cultures could also be more resilient to supply chain disruptions.

(Read more...)

Timeline: The Rapid Evolution of Plant-Based Alternatives

by Sponsored Content

The following content is sponsored by Billy Goat Brands (CSE: GOAT) (“GOAT”)

plant-based alternatives timeline infographic

Timeline: The Rapid Evolution of Plant-Based Alternatives

From plant-based Chick’n Tenders to dairy-free Mylk, consumers are spoilt for choice when it comes to alternatives products on the market.

With an explosion of new options hitting shelves at lightning speed and consumers growing more knowledgeable of plant-based diets, a shift towards eating less meat is being felt across the globe. But how did this movement come to be?

The infographic above from Billy Goat Brands (CSE: GOAT) (“GOAT”) maps out the most notable milestones in the last two decades that have contributed to the evolution of this growing market. Let’s dive in.

Key Events

Although it may feel like we are undergoing a massive transformation when it comes to alternatives, vegetarianism is nothing new. In fact, meat alternatives like tofu have been around since as early as 200 BCE.

Since then, many cultures have made plants a staple in their diet and as of 2021, there was an estimated 79 million people in the world who eat strictly plant-based.

In the table below, we break down the milestones of note that contributed to the growing plant-based market over the last 20 years:

YearKey Event
2002Quorn enters the North American market
2003Plant-based food producer Gardein launches
2009Beyond Meat is founded
2011Impossible Foods is founded
2011Sophie’s Kitchen—a plant-based seafood alternatives company—is founded
2013The first plant-based egg substitute is created by San Francisco based startup (Read more...)

Why the 2020s Are A Watershed Decade for Plant-Based Alternatives

by Sponsored Content

The following content is sponsored by The Very Good Food Company

plant-based alternatives infographic

The 2020s: A Watershed Decade for Plant-Based Food

Are you among the millions of people who have been eating less meat in recent years? Plant-based alternatives are exploding in popularity, a trend that has become especially apparent during the pandemic.

This infographic from the Very Good Food Company (VGFC) sheds light on why the global plant-based market is expected to go from a novelty to a new normal within the next decade.

The Market Outlook for Plant-Based Alternatives

Ever since the first vegetarian society was formed way back in 1847, plant-based diets have come a long way.

The U.S. plant-based food market is growing at impressive rates, as plant-based alternatives to conventional meat and animal products are flying off the shelves.

Total U.S. plant-based food marketGrocery sales of plant-based alternativesGlobal plant-based market value
2019: $5.5 billion2019: $850 million2020: $29.4 billion
2020: $7.0 billion2021: $1.3 billion2030P: $162 billion
National growth in sales of plant-based food outpaced regular retail food by nearly double between 2019 and 2020.This represents a 53% increase in just two years.Plant-based alternatives will make up 7.7% of future global protein demand.

Despite a slight dip in U.S. sales in the latter half of 2021, the big picture outlook for the industry remains promising for investors.

There are three factors powering this eye-watering growth: a more reliable supply chain, a boost in conscious consumers, and a move towards local, ethical (Read more...)

Visualizing the Evolution of the Global Meat Market

by Sponsored Content

The following content is sponsored by CULT Food Science (CSE: CULT)

Cult_Food Science_Impact gif (1)

>>Click here to learn more about CULT Food Science (CSE: CULT)

The Evolution of the Global Meat Market

In the last decade, there has been an undeniable shift in consumers’ preferences when it comes to eating meat.

This is partly due to the wide availability of meat replacement options combined with growing awareness of their health benefits and lower impact on the environment compared to conventional meat.

In this infographic from CULT Food Science (CSE: CULT), we examine how meat consumption is expected to evolve over the next two decades. Let’s dive in.

Taking a Bite out of Meat’s Market Share

The COVID-19 pandemic triggered a massive turning point for the meat industry, and it will continue to evolve dramatically over the next 20 years. Taking inflation into account, the global meat market is expected to grow overall by roughly 3% by 2040 as a result of population growth.

However, as consumption shifts, conventional meat supply is expected to decline by more than 33% according to Kearney. These products will be replaced by innovative meat alternatives, some of which have yet to hit the mass market.

  • Novel vegan meat replacement: These are meat alternatives products made from plants that resemble the taste and texture of meat.
  • Cultured meat: Also referred to as clean, cultivated, or lab grown meats, cultured meat is a genuine meat product that is produced by cultivating animal cells in a controlled environment without (Read more...)