Posted on 05/28/2019 10:58:00 PM PDT by aquila48
Plant-based meat is going to be huge in the near future and Beyond Meat Inc. “is a true disruptor and innovator” in the industry, according to JPMorgan analysts.
Shares of Beyond Meat BYND, +7.95% jumped 8.7% on Tuesday after the company was initiated at overweight with a $97 price target at JPMorgan. Analysts there say Beyond Meat’s “growth opportunity is extraordinary.”
“Beyond Meat only needs to capture a fraction of this expansive total addressable market to be successful,” JPMorgan wrote.
Analysts model for a total addressable market (TAM), or total available market, for plant-based meat of $100 billion in 15 years, and think the company can generate $5 billion in net revenue in that time.
Analysts at Barclays, in a recent note, said they believe the alternative meat market can reach $140 billion on 10 years.
JPMorgan said it wanted to be “conservative” in its model for TAM, assuming that only two-thirds of meat varieties can be replaced by plant-based options, with plant-based meat share topping out at 10%.
“[I]n our opinion, Beyond Meat’s products arguably are superior to most, if not all, current competitive offerings in terms of taste and/or ingredients (unlike rival Impossible Burger, Beyond Burger has no soy and no GMOs),” the analysts said. They also highlighted that Beyond Meat can go further than burgers, with Beyond Sausage already showing promise.
Still, Impossible Burger could make share gains at Beyond Meat’s expense.
“Impossible Foods has established a significant presence in the food service channel (several thousand locations) and is rolling out nationwide with Burger King after a successful pilot,” JPMorgan wrote. “Impossible is also planning to enter U.S. retail this year. Our belief is that, in the context of a large addressable market, Impossible Burger’s success helps validate the plant-based meat category as a whole.”
(Excerpt) Read more at marketwatch.com ...
“This hamburger tastes like crap!”
Funny you should mention that...
CC
But then, as vegetarians/vegans would say its not truly vegetarian because it has heme in it. Good for the casual vegetarian, bad for the virtue signaling nazitarians.
CC
No matter how many simulated burgers they dream up, the fact is certain vital amino acids can only be obtained by eating meat. There are no plant-based sources for these, therefore all vegans are malnourished.
When you first meet someone, How do you know if they are vegan?
Within the first five minutes, they will tell you.
Why is there so much hype around “Beyond Meat”?
Is it substantially better than the fake meat that has been pretty good for at least 20 years?
It sounds like a scam.
I only posted once, I swear and that’s not my gun. ;-)
Cattle rustling. ;^)
A good sized stack of rib eyes (bone in for my Aussie) and I’ll testify in your defense.
;-)
So get this, out West we have the Del Taco Chain of fast food Restaurants. For the last few years they had Turkey meat Tacos. The wife and I liked them, they were obviously more healthy than ground beef and tasted more or less the same. The price was a tiny bit more if I recall.
Six weeks ago they introduce the Beyond Taco. I guess Corp. figured their Franchisees couldn’t walk and chew gum at the same time so to make room for Beyond meat they scraped Turkey. The Beyond meat Tacos with cheese have more fat and calories than the equivalent size Turkey Taco and they gouge you a dollar more for it. $2.50 for the four bite thing. For the full on freak Vegan there is a second version where they dump the cheese and add Avacado which gets you slightly better fat/Cal numbers than the long gone Turkey version.
I went out of my way for what little it was worth to log onto their website and give them hell. A few days later I received an email to take a questionnaire. It was General questions until the last one. Are you going to try the Beyond Tacos? Unfortunately FRICKING HELL NO wasn’t an option.
That strikes at the heart of lefties' reason for being.
I don’t want no transgender burger
Not fit for human consumption, IMO!
I’ll stick with eating meat & drinking water.
https://www.youtube.com/watch?v=V9dpgMbAd0c&t=2108s
Yeah, I beleive that was called ‘comedy’.
Why would a true believer vegan want to eat anything that tastes like meat?
Especially a highly processed and unhealthy product?
I find it amusing that many vegetarians/vegans claim that eating meat is unnatural, yet companies make billions from the sale of fake meat.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.