Meati almost doubles revenues, expects positive gross margins by year-end

Meati Foods has reported nearly doubling its revenues in 2024 compared to 2023 and anticipates achieving positive gross margins by year-end. The company has launched a new line of breakfast patties and expanded its distribution to major retailers, enhancing its market presence in the meat alternatives sector. This growth is significant for agrifood innovators as it highlights the potential for profitability in alternative protein markets despite broader industry challenges.

Original excerpt: Meati has just launched a new line of breakfast patties into Sprouts stores nationwide and secured new listings at Raley’s and Harris Teeter…

Source: AgFunderNews