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Beyond Meat
11/10/2023
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By Ramon Tomey
Beyond Meat struggles to address declining sales – people will always choose REAL over FAKE
Fake meat company Beyond Meat fell short of market expectations for its quarterly revenue, posting losses bigger than market estimates during a Nov. 8 post-earnings call. Executives from the El Segundo, California-based company said the percentage of people in the U.S. who believe plant-based meats are healthy is likely to have dropped further this year. […]
11/06/2023
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By Olivia Cook
Fake meat food bubble is bursting: Beyond Meat slashes revenue outlook, plans to cut jobs
Beyond Meat, Inc. announced on Thursday, Nov. 2., that it is slashing its revenue forecast for the second time in three months – a decline of as much as 21 percent from 2022. As it reduces operating expenses, the company also plans to eliminate 65 jobs, representing eight percent of its global workforce. The plant-based meat factory […]
02/22/2023
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By Arsenio Toledo
Fake meat companies are failing as consumers abandon processed plant-based alternatives to real meat
Fake meat companies are failing, as a majority of consumers who choose to eat meat abandon the cultured counterpart due to high prices, disappointing taste and questionable benefits. In 2020, retail sales of plant-based fake meats grew by 45 percent and surpassed the $1 billion mark for the first time as more and more consumers became […]
10/03/2022
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By Ethan Huff
Nobody wants fake meat because it’s disgusting, expensive and “woke”
Deloitte Consulting LLP has some really bad news for the fake meat industry: nobody wants to eat the stuff. Sales are not just flat for companies like Beyond Meat Inc. and Impossible Foods, they are declining – and at an increasing rate. Two years ago, Beyond Meat made its global debut with what Bloomberg describes […]
09/28/2022
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By Ramon Tomey
Americans shun fake meat due to high prices and its link to “wokeism”
Once a thriving industry, the fake meat market in the U.S. is now on a downturn. Americans now shun synthetic meat due to its high prices and links to “wokeism.” Data from Information Resources Inc. (IRI) revealed that synthetic meat sales had dropped 10.5 percent as of Sept. 4, compared to the same period last […]
09/23/2022
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By Ethan Huff
The rise and fall of Beyond Meat
It looks like it is game over for the Beyond Meat fake food company, which saw its stock crash amid widespread disinterest in fake meat products. After going public in 2019, the Bill Gates-invested company saw a quick pop followed by a stead decline. The Beyond Meat share price at the time reached a high […]
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