Meati Foods Overview
Pro stress-test →Meati Foods, founded in 2017, creates whole-food protein cutlets and steaks made from mushroom root (mycelium) using modernized natural processes. The company is working to democratize access to nutrient-rich, complete protein while protecting planetary resources. Though the alternative meat sector has struggled to raise funds, Meati is on its way to becoming a household name.
Strategic Profile
Pro stress-test →Meati's products deliver taste and texture superior to current meat alternatives while offering comparable complete protein to meat with more fiber and no cholesterol. The company has grown from six retail locations to over 6,000 stores nationwide, with presence in Super Target, Whole Foods Market, Sprouts Farmers Market, Meijer and Wegmans. Under new leadership since February 2024, the company has focused on right-sizing its workforce and accelerating profits.
Competitive Landscape
Pro stress-test →Meati's top competitors include Prime Roots, MyForest Foods and 50CUT, all of which focus on mycelium-based protein. Other competitors in the broader alternative protein space include Impossible Foods, UPSIDE Foods, and Perfect Day. Meati differentiates through its whole-food mycelium approach as opposed to plant-based or cultivated meat alternatives.
Industry Context
Meati Foods operates in Alternative protein foods.
Key facts
Founded: 2017 · Headquarters: Boulder, US · Employees: 83 · Revenue: N/A · Market cap: N/A