Beyond Meat burgers are coming to a Canadian grocery store near you

Beyond Meat burgers are coming to a Canadian grocery store near you

According to the 2019 Power of Meat report, plant-based meat alternatives represent $878 million in annual sales and have grown 19.2 percent in the a year ago. It has drawn an increasing number of plant-based competitors. Key factors such as bulk availability of raw materials, increasing population, and high consumption of non-meat products are creating huge opportunities for growth of the market. Consumers are changing their dietary pattern in order to exclude meat protein and include Plant-Based protein. Moreover, plant-based meat helps to reduce the calorie intake by 20%, which helps to reduce weight.

Beyond Meat said in the SEC filing that its products are now available in about 30,000 distribution points in the US and other countries, and that it has become a market leader in the plant-based meats segment. A listing at the top of that range would give the company a market value of about US$1.2 billion based on the shares to be outstanding after the offer, according to its filing. This indicates a rise in the demand for plant-based meat products by consumers in the country. The survey also reveals that nearly 40 percent of Americans are now slowly adding plant-based foods into their regular diets. For instance, in 2016, Rosquette launched NUTRALYS®? Spanning frozen and fresh, Beyond Meat's portfolio of plant-based proteins are sold at more than 30,000 retail and food service outlets worldwide. The North American region is expected to register a CAGR growth of 8.3% over the forecast period due to a rise in the vegan population in the region. The product is designed to have the meaty taste, texture and versatility that consumers love about ground beef, but with the added health and sustainability benefits of plant-based meat."We've long had our eye on creating a product that enables consumers to enjoy all the benefits and versatility of ground beef while tapping into the human health, environmental and animal welfare benefits of plant-based foods", said Ethan Brown, Founder and Chief Executive Officer of Beyond Meat. Beyond Meat, the Beyond Meat logo and Beyond Breakfast Sausage are trademarks or registered trademarks of Beyond Meat, Inc., in the US and in other countries. What's behind this shift in consumer appetite? More specifically, it mentioned relying on raw materials - particularly pea protein - which may or may not be available on a timely basis, at the right price, or in sufficient quantity or quality for its purposes.

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Beyond Meat's extraordinary growth is, not surprisingly, attracting investors. China has been a dominant region for the plant-based meat market in terms of consumption and production.

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