A survey on plant-based 'meat' shows consumer interest is still strong — and it bodes well for companies like Beyond Meat and Impossible Foods

Conversations about meat alternatives on Instagram have"grown significantly over the past two years," the analysts wrote.

This can be attributed in part to Beyond Meat's blockbuster initial public offering in May, BAML said. In addition, the social media traffic implies that"this trend is more sustainable than a fad." If the trend continues to grow, there's a sizeable market up for grabs in plant-based alternatives. Currently, the market is $14 billion in the US, andRestaurant operators can benefit from the market by converting"consumer curiosity" into traffic, the analysts said. There's a wide — and growing—

Fake meat has been on the market for decades, it just wasn't expensive enough for millennials until now.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Barclays initiates coverage of Beyond Meat, saying it's 'not your typical meat company'Barclays started coverage of Beyond Meat with an overweight rating and said the company has endless possibilities going forward. Maybe that's because it's NOT a meat company. Veggie burger unicorn
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Texas Instruments, Beyond Meat, Alphabet & moreThese are the stocks posting the largest moves before the bell. Is the economy doing well? The number say it is doing very well
Source: CNBC - 🏆 12. / 72 Read more »