WORTH BUYING BEYOND MEAT STOCK FULL
More recently, the company became one of the first US-based ingredient providers to receive the international ProTerra Certification for its sustainable agricultural practices and work toward achieving full transparency in the food supply chain.The company’s revenues declined 22% in Q3 in 2022 – and analysts are predicting a 25% Q4 decline when it posts earnings later this month.
"This acquisition advances our integrated business model as a more efficient route to market with a smaller footprint that better aligns with consumer preferences, enabling us to harness the genetic potential of plants and help scale the growth of plant-based markets," CEO Matt Crisp said. In January 2022, Benson Hill announced the acquisition of soy flour manufacturer ZFS Creston. Benson Hill believes that plants with higher protein content will displace the need for expensive energy- and water-intensive processing when producing the protein ingredients used in plant-based meat alternatives. The company’s products include plant-based proteins such as ultra-high-protein soy and yellow peas. According to the company, CropOS "enables proprietary phenotyping, predictive breeding and environmental modeling algorithms," acting as a "GPS for plant scientists and breeders." Not only did the McPlant become a permanent member of menus in those countries, McDonald's announced in January 2023 that it would begin offering a Double McPlant burger as well.įood technology company Benson Hill is combining data analytics, artificial intelligence and machine learning with biology, dubbed Cloud Biology, through its proprietary platform CropOS. However, demand for the McPlant in Ireland and the UK outshone the US. However, Beyond Meat's stock took a hit in July 2022 when the US pilot program ended with no plans for a nationwide launch due to low demand for the plant-based burger at McDonald's stores. The test run initially had a positive impact on the share price for this US-listed plant-based food stock. In November 2021, fast food giant McDonald’s (NYSE: MCD) began selling McPlant burgers made with Beyond Meat products at select US locations just months after launching a similar pilot program in the UK and Ireland. Designed to emulate beef and pork, its offerings include patties, sausages, hot dogs and meatballs.
Today, the company’s plant-based meat alternatives can be purchased in grocery stores and restaurants across the globe. The most mature pure-play plant-based food stock on the market, Los Angeles-based Beyond Meat first launched its brand nearly a decade ago. With this future potential in mind, here the Investing News Network takes a look at the top plant-based food stocks by market capitalization in the US and Canadian markets. In fact, Future Market Insights projects that the global plant-based food market will be worth as much as US$34.5 billion by 2032. With a nearly 12 percent compound annual growth rate forecast over seven years, the plant-based food sector represents a high-growth opportunity for investors.
In its Foresight 2022 report, Lux Research includes alternative proteins among its picks for top technology innovations destined to have the greatest impact on worldwide markets in the next decade. This funding frenzy might just be the appetizer before the main course. The company plans to use the funding to expand its North America production footprint and to build out the manufacturing capabilities it needs to address the global market.
WORTH BUYING BEYOND MEAT STOCK SERIES
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