Alternative Products Make Inroads Into the Meat & Poultry Market
Suppliers of fresh, frozen, and processed meat and poultry are facing increased competition from producers of meat substitutes. Manufacturers of such products include Beyond Meat, Kellogg Company’s MorningStar Farms, and Impossible Foods. As these companies continue to improve the taste and texture (e.g., ability to sizzle on a grill) of plant-based patties and other meat substitutes, more individuals are experimenting with these products. The increased availability of meat substitutes on restaurant menus and grocery store shelves is also spurring sales.
January 21, 2019