Egg Substitute: Vegetable Protein Producer Simply Evaluates the Possibility of Becoming Public

"At some point, we will enter public markets", said its managing director, Josh Tetrick, during a phone interview from Hangzhou, China. "There is no timetable for this, but at some point we will do it, we will consider it a financial event".

Consumer interest in vegetable protein and meat substitutes has increased significantly this year, driven by companies such as Beyond the meat e Impossible foodswhich will provide Burger King of hamburgers for your new product, the Whopper impossible. More and more people are demanding meatless proteins, which are considered healthier and more durable.

Beyond the meat, which sells a new vegetable sausage in Tim Hortons grocery stores and restaurants, has almost quadrupled in value since trading began trading on May 1st. The company had the best stock market debut of a company valued at at least US $ 200 million since before the 2008 financial crisis and its shares went from 25 to more than US $ 90 on Thursday.

The IPO of Beyond Meat was "something great," said Tetrick. "When we mobilize capital, investors are attracted to the industry and when other companies are successful IPOs, as was the case for Beyond Meat, we all get more attention."

Just, a $ 1 billion company formerly known as Hampton Creek, presented last year Substitute liquid egg made from mung beans. Sold in restaurants and grocery stores in the United States and has just entered the Chinese market. The company also offers pasta with mayonnaise and vegetable biscuits, among other products.

While North America will be a key market, China will generate the bulk of the San Francisco company's revenue over the next two to three years, Tetrick said. Other major goals will be India and Europe.

"We are going to have everyone," he said.