Benson Hill SPAC Presentation Deck
BENSON HILL
Demand for Plant-Based Protein
Cannot be Met by Existing Food System
DEMAND FOR PLANT-BASED PROTEIN IS GROWING RAPIDLY...
~$5tn AgriFood Market(¹)
Value of meat substitute
market expected to reach
$140bn by 2029
(vs. $14bn today),
growing at a
~26% CAGR(²)
...BUT CAN'T BE SATISFIED USING CURRENT TECHNOLOGY(3)
Soy Protein Concentrate (million tons)
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
Source: Benson Hill. (1) McKinsey. (2) Barclay's Global Food Report, 'I Can't Believe It's Not Meat' (2019).
(3) Internal calculations based on third party reports. (4) Based on protein ingredient used in burger of top 13 global plant-based meat brands.
~80x
expansion of soy
protein concentrate
supply required to
satisfy expected growth
in demand (3)
Soy Protein Concentrate
Supply Today (2020)
23
Total Implied Soy Protein
Concentrate Capacity Required to
Satisfy 10% of Global Meat Demand
Soy Protein Concentrate is the #1 protein source
used in plant-based meats (4)View entire presentation