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Stock impact report

Beyond Meat Is The Biggest Beneficiary In The Growing Plant-Based-Meat Market: Study [Forbes]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Forbes
While the sizzle for its stock may have cooled somewhat amid growing competition, Beyond Meat, which went public last year, still looks to be the biggest beneficiary in the meat-substitutes section of the growing plant-based movement. Beyond Meat’s retail sales to consumers more than doubled—growing 135% to be more specific—in the 52 weeks through early October, the fastest rate among the top ten plant-based meat-substitute labels, market research firm IRI said in a report Friday. With that gain, Beyond Meat held a 10% share of the market, ranking No. 3, behind industry leader MorningStar Farms Conagra’s MorningStar’s sales rose 3.8% to take nearly 41% of the market while Gardein’s fell 4%, to 14% of the market, during the same period, the data shows. Impossible Foods, which makes the Impossible Burger and has gotten as much buzz as Beyond Meat, didn’t rank in IRI’s top ten, which also featured Quorn and Field Roast. While meat sales have grown 2.5% since 2018, plant-based substitutes Show less Read more
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