CL: It seems like that there's been so much more interest from consumers in a couple of different things here. I want to start with the health aspect of it. As you mentioned, there are things like cholesterol-free, natural and things like that, that just seems to be a much more important part of the consideration that people make now when it comes to making food choices, is that it's, in a lot of cases, it's still driven by cost, but also, they're looking for some of those healthier options and that takes precedence over cost.
KM: Right. I mean, the research indicates that what consumers look at when they go to the grocery store is convenience, cost and taste. But, you know, if you're making decisions in advance or you become a routine consumer of something, the health aspect is really driving people to eat more plant-based foods.
It's uncanny to see that it's not just in the retail space but even restaurant chains like Burger King, or I saw recently that Jack in the Box was launching a plant-based chicken sandwich or at least trialing it, or KFC trialing Beyond Chicken, that's an indication that consumers are looking for the flavors that they're familiar with. They want to be able to go to the same restaurants, the same chains that they're used to going to, but they want to have something that's a little bit better for them and it's never been easier to do that than it is today.
CL: And then the second aspect of that is, over the last few years we've seen a huge increase in the number of consumers who want more information of the environmental impact of their food, where it's coming from, how the supply chain source, things like that. And as you mentioned, traditional meat production is very resource-intensive. So, how much of a factor do you think that is playing? What's kind of the difference between the resources needed to produce plant-based meat as opposed to traditional meat?
KM: Yeah, I mean, there's no doubt that producing animal-based foods is very devastating on the environment, from the crops that are grown to be fed to animals, to the transportation of those crops to get to animals, to the greenhouse gas emissions that come from factory farms. There's an abundance of evidence that animal-based food production has a much bigger carbon footprint than plant-based food production. Consumers are concerned about that, and in fact there was research that came out from Nielsen just last year that said that 61% of Americans said that they would reduce their meat consumption due to concerns about the environment, and 43% of them said that they would replace their meat consumption with plant-based protein types of alternatives. But what we really find is that, while there is concern about the environmental impacts and some people are motivated by that, really health tends to be the No. 1 motivating factor that's driving people to eat more plant-based foods, at least in the United States.