Arizona-based Footprint sells biodegradable packaging to food giants such as Conagra. New York software firm First Access facilitates microfinance loans in the developing world. And virtual marketplace First Harvest sells surplus produce to reduce food waste. These young companies strive to improve sustainability and benefit the social good while generating competitive returns. They, like many…
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There is a meatless war brewing, and the leading protagonists are slugging it out in a bid to be crowned champion of the alternative meats industry. In one corner is Wall Street darling, Beyond Meat Inc. (BYND), the certified vegan brand that has been serving up meat-like adaptations of burger patties and sausages. In the opposite corner is a…
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U.S. plant-based meat sales exceeded $5 billion in 2020. While the global plant-dairy alternative market is projected to rise to $21.7 billion by 2022. It’s increasingly obvious that a greater number of consumers are demanding plant-based products, either for medical reasons or as a healthier lifestyle choice. None of this has gone unnoticed by the…
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Plant-based meat sales exceeded $12.1 billion in 2019. While the global plant-dairy alternative market is projected to rise to $21.7 billion by 2022. It’s increasingly obvious that a greater number of consumers are demanding plant-based products, either for medical reasons or as a healthier lifestyle choice. None of this has gone unnoticed by the larger,…
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Shares of Beyond Meat, which supplied the patties for McDonald’s recent P.L.T. pilot, initially plunged on the news that McDonald’s was crafting its own plant-based line of meats. Gains were erased and shares fell as much as 10 percent—the biggest intraday decline in four months. Trading in the stock was even briefly paused due to…
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