The GLP is committed to full transparency. Download and review our 2019 Annual Report

‘Big meat’ vs. scrappy startups: Nestlé, Tyson, Hormel roll out plant-based products to compete with Impossible, Beyond

| | October 16, 2019
vegnews sweetearthawesomeburger
Nestle poised to launch plant-based meat product.
This article or excerpt is included in the GLP’s daily curated selection of ideologically diverse news, opinion and analysis of biotechnology innovation.

Beyond Meat and Impossible Foods, scrappy start-ups that share a penchant for superlatives and a commitment to protecting the environment, have dominated the relatively new market for vegetarian food that looks and tastes like meat.

But with plant-based burgers, sausages and chicken increasingly popular and available in fast-food restaurants and grocery stores across the United States, a new group of companies has started making meatless meat: the food conglomerates and meat producers that Beyond Meat and Impossible Foods originally set out to disrupt.

In recent months, major food companies like Tyson, Smithfield, Perdue, Hormel and Nestlé have rolled out their own meat alternatives, filling supermarket shelves with plant-based burgers, meatballs and chicken nuggets.

Related article:  Synthetic biology's 'promise and potential' capture investor attention

Once largely the domain of vegans and vegetarians, plant-based meat is fast becoming a staple of more people’s diets, as consumers look to reduce their meat intake amid concerns about its health effects and contribution to climate change.

….

Analysts project that the market for plant-based protein and lab-created meat alternatives could be worth as much as $85 billion by 2030.

Read full, original article: The New Makers of Plant-Based Meat? Big Meat Companies

News on human & agricultural genetics and biotechnology delivered to your inbox.
Optional. Mail on special occasions.

Send this to a friend