Musings on Markets • 0 implied HN points • 12 Jun 19
- Beyond Meat is leading the plant-based meat market, but competition from companies like Impossible Foods is growing. Both companies are focusing on taste and texture to attract meat-eaters looking for alternatives.
- Health concerns, environmental impact, and improved taste are pushing more people to try meatless options. These trends are likely to strengthen, leading to more growth in the meatless products industry.
- The meatless meat market is still relatively small compared to traditional meat. While it has potential for growth, it may take time to reach a significant share of the overall meat market.