Beyond Meat Inc. (NASDAQ: BYND) Creating Viable Alternative in Billion-Dollar Market
May 20, 2019
According to an Allied Market Research report (http://nnw.fm/gGgY4), the global meat substitute market is expected to reach $7.5 billion by 2025. This newly exploding industry is credited to the public’s growing consciousness of environmental sustainability, animal welfare and health awareness. Beyond Meat Inc. (NASDAQ: BYND) is a leading player in this growing industry, providing delicious and sustainable substitutes to pork, chicken, turkey and beef. The company is seeking to satisfy consumers’ taste for meat with vegetarian options using plant-based ingredients.
The meatless industry offers a positive impact on climate change and addresses global resource constraints. Beyond Meat has developed a way to create meat without animals, which requires fewer resources. The Center for Sustainable Systems at the University of Michigan compared the environmental impact of a…
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