The plant-based food market is anticipated to be worth over 74 million by 2027, and because of this projected growth, many companies are jumping into the plant-based world to get a slice of the (dairy-free) pie. As consumers switch to this diet for their health, the environment, and the planet, brands are looking to launch products that will resonate with this lifestyle change. One such company is PepsiCo, which just announced that it's teaming up with Beyond Meat, to launch plant-based snacks and drinks. These plant-based snacks and drinks will launch under the joint venture The PLANeT Partnership LLC. Beyond Meat's stock skyrocketed 31 percent after this announcement, making it the largest single-day gain since the company went public in 2019.