The World’s Largest Meat Seller Embraces Plant-Based Proteins As Pandemic Demand Surges

Fears over meat supply shortages led to a new round of panic-buying in April and May that pushed big grocers like Costco, Kroger, and Texan chain H-E-B to limit customer’s meat purchases. For upstarts like Beyond and Impossible, it became the ultimate test: if these proteins couldn’t prove themselves with consumers at such a crucial time, when would they?

Planterra products are being stocked at a critical moment for plant-based foods, which have seen a rise in demand as— now abating — had escalated considerably. With meat sales declining, plant-based foods surged, with refrigerated alternatives like Beyond and Impossible up 241% during the peak of meat panic-buying and rising another 113% since the end of April, according to SPINS, a data company that tracks grocer sales.

“A lot of these hotspots are in meat processing facilities and consumers are understandably concerned,” says Jeff Crumpton, the manager of retail reporting at SPINS. “They are seeing all these cases, and have this other solution, this other product that maybe they really like. It feels like a safer alternative and it's something that they can get their hands on.”... [+]Meatpackers have been edging into the plant-based market for years.

The plant-based food makers have also been looking to expand their reach globally as the pandemic and African Swine Fever in China created more widespread interest in non-meat proteins. Beyond Meat announced in early June that its burger would launch at some KFC, Pizza Hut and Taco Bell locations in mainland China, while Cargill also expanded to the China market this month.

Beyond announced Wednesday that it would reduce prices with summertime value packs to entice more customers to try its quarter-pounders through grilling season. Beyond is still around $1 more expensive than ground beef, while Impossible’s is more than double the per pound price.

chloesorvino WOW!

chloesorvino Ehw!

chloesorvino People can raise and kill their own animals if they think it's so good to eat meat

chloesorvino Pretty soon, if politically correctness continue without voices against stopping it, we would not have anything to think, eat, say.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Billion Dollar Burger' Asks: What Is Meat?Chase Purdy's briskly paced and quietly bold new book about the future of meat suggests people rethink its meaning, as he explores those at the forefront of developing cell-cultured meat. It's time for humans to evolve and stop the slaughtering of billions of animals. This is a step forward.
Source: NPR - 🏆 96. / 63 Read more »

Germany reports 650 new coronavirus cases in a meat processing plantGermany is racing to stop a new coronavirus outbreak after 650 workers at an abattoir in the western state of North Rhine-Westphalia tested positive for Covid-19 You guys are still trying to make Corona a thing huh? Your games are sad and tired. Taking action Wow. Wish we had a strong leader who would do that. Don't believe it personally as it fits oh too well to the agenda...Brazil hospital BS numbers anyone!
Source: cnnbrk - 🏆 393. / 55 Read more »

Chinese Beyond Meat rival launches plant-based pork and crayfish to feed the home-market appetiteChina is the world's largest consumer of both pork and crayfish, and the latest releases from Zhenmeat, the country's rival to Beyond Meat, play to local tastes. They’re a rival but they are in a different market with a different product...ok Я переживаю
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Norwegian Cruise Line, Nikola, Oracle, Beyond Meat & moreCheck out the companies making headlines in midday trading. Yuck Did you just pick these out of a hat or something today? These are all HARDLY MOVING today
Source: CNBC - 🏆 12. / 72 Read more »

China's meat importers fret about delays as port runs virus testsChina's meat importers fear clearing delays and a hit to demand after one of the country's major ports began requiring coronavirus tests for all meat and seafood containers to prevent contamination. Who buys these meat anyways? Respect to the responsible practices!
Source: Reuters - 🏆 2. / 97 Read more »

As leaders warned of US meat shortages, overseas exports of pork and beef continuedSome critics say the fear over a meat shortage was used to justify a Trump executive order declaring it was crucial to keep meat plants open and operating. Well of course.... It's standard operating procedure to hinder the president at every turn and assume the worst.... This is what we have media for. Trump used a scare tactic? I PROMISE you I can go back and find numerous news articles promoting that we were running out of meat... Well tell that to our local supermarkets who have been limiting meat purchases to 2pks per customer
Source: USATODAY - 🏆 100. / 63 Read more »