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-0.0014409221902017 -0.00576368876080692 -0.0037175792507205 -0.00123919308357341 -0.00383285302593663 -0.0187319884726225 -0.0144092219020172 -0.00861671469740635
Stock impact report

How Beyond Meat and the plant-based meat industry lost their allure [CNBC]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: CNBC
better-tasting products sales boomed and stock prices soared . Growing partnerships with restaurants and retailers generated greater acceptance among consumers. “Everybody wanted a piece of them. Everybody wanted to tell their story,” said Alexia Howard, senior research analyst for U.S. food at Bernstein. “And that encouraged people to trial the products.” Beyond Meat's successful IPO aligned with the broader excitement around meat substitutes. Sales for the overall market reached $1.3 billion in 2020, a 46% increase from 2019, according to data from market research firm Circana. “Much of the initial bullishness around the Beyond Meat investment case around the time of the IPO was the expectation that plant-based meat could achieve a similar market share in the meat market that plant-based beverages had achieved in the cow's milk market,” said John Baumgartner, senior equity analyst for food and healthy living at Mizuho Securities. “There were numbers on the street sizing that o Show less Read more
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