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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

That's partially because new brands like Beyond Meat have captive audiences on social media platforms like Instagram, the study found.

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—

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: CNBC - 🏆 12. / 72 Läs mer »

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
Källa: CNBC - 🏆 12. / 72 Läs mer »