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Stock impact report

Asia pivots toward plants for protein as coronavirus stirs meat safety fears [Reuters]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Reuters
Asia pivots toward plants for protein as coronavirus stirs meat safety fears HONG KONG (Reuters) - Demand for plant-based protein foods is surging in Asia, suppliers say, as suspicion over possible links between wild animal meat and the new coronavirus drives some consumers, particularly in Hong Kong and mainland China, to rethink diets. Though still a tiny business compared to Asia’s giant meat supply chain, vegetarian alternatives to meat, dairy and seafood are gaining growing custom from people like Hong Kong-based fitness trainer Mike Lee. “Because of the coronavirus, people have started to pay more attention to their diet and health,” said Lee, 40, serving up burritos in his kitchen made using a plant-based pork alternative. “People now are more afraid of getting sick.” Even before the coronavirus pandemic, consultancy Euromonitor last year predicted China’s ‘free from meat’ market, including plant-based products meant to replace meat, would be worth nearly $12 billion by 2023, u Show less Read more
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