Between 20, global retail sales of plant-based meat and seafood more than doubled to $6 billion, according to Euromonitor, a market research firm. This latest innovation in meat substitutes has already made meaningful strides. Even in Germany, where cities like Hamburg and Frankfurt have given their names to iconic meat dishes, plant-based meat is becoming more popular. “We all need to play a role, and these products are one strategy to easily reduce your footprint.”Īn explosion of new types of plant-based “meat” - the burgers, nuggets, sausages and other cuts that closely resemble meat but are made from soybeans and other plants - is attracting customers all over the world. “We are in a climate crisis, a climate emergency,” says Greg Keoleian, a professor of sustainable systems at the University of Michigan who co-authored the study. animal-based food was replaced with plant-based substitutes by 2030, the reduction in emissions for that year would be the equivalent of taking 47.5 million vehicles off the road. According to one University of Michigan study, if half of U.S. “I even had doubts earlier that it might have been a meat sausage, but you really don’t notice it at all.”Įating more plants and fewer animals is among the simplest, cheapest and most readily available ways for people to reduce their impact on the environment, climate scientists have long said. “It actually tastes like a normal sausage,” customer Yasemin Dural said. All rights reserved.Of the 200,000 sausages he sells every year, 15% are plant-based. Benzinga does not provide investment advice. “As more households continue to buy our products and buy them more frequently, we’re excited to satisfy the growing demand through increased product offerings and distribution,” said Chuck Muth, Chief Growth Officer, Beyond Meat.īeyond Meat's stock traded up 2.8% to $139.15 at publication time.Ĭlick here for options trades from BenzingaīlackBerry Teams Up With Desay To Create A Smart Driving ExperienceĪpple TV+ Partners With Women's Rights Activist Malala Yousafzai Investors will like seeing that Beyond Meat products continue to gain popularity and that it can continue to expand its product lines across retail locations. What’s Next: Beyond Meat tested its Cookout Classic value-pack last summer as a limited-edition product but is now reintroducing it into select Walmart locations. See Also: Will Beyond Meat Stock Reach 0 By 2022? “As demand for plant-based meat continues to rise, this increased distribution complements the company’s expansive retail presence at approximately 28,000 retail outlets across the U.S.,” the company said. Walmart also carries Beyond Sausage and Beyond Breakfast Sausage patties products in its freezer aisles. In September 2020, Beyond Meat announced it had increased the availability of its Beyond Burger product from 800 to 2,400 Walmart locations. Why It Matters: This will mark Beyond Meat’s second expansion into Walmart over the past year. Of the 2,400 Walmart locations that already offer Beyond Meat products, 400 stores will now offer the Beyond Sausage Hot Italian and 500 stores will carry the Cookout Classic value-pack. What Happened: Beginning this week, Walmart shoppers will be able to purchase Beyond Meat’s Beyond Sausage Hot Italian and its Cookout Classic value-pack. Beyond Meat Inc (NASDAQ: BYND) announced Tuesday customers shopping at Walmart Inc (NYSE: WMT) will have an increased selection of its plant-based meat products.
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