Plant-based food industry exceeds $7 billion in sales in 2020, report says

A new report found the plant-based food industry could be worth more than $74 billion by 2027. This comes as popular companies, like Oatly and Impossible Foods, are launching their IPOs. Both are rumored to be valued at about $10 billion each. Richard Laver is the founder of Kate Farms. He joined CBSN's Lana Zak to discuss the expansion of the industry. CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service. Subscribe to the CBS News YouTube channel:​
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