Beyond meat? The market for meat substitutes is way overdone
- Written by Paul Wood AO, Adjunct Professor in Biotechnology, Monash University
Meatless burger maker Beyond Meat has just reported quarterly earnings of US$67.3 million – much better than market expectations of US$52.7 million. It is now forecasting sales of US$240 million for the 2019 year, nearly three times that of 2018.
But the company is yet to make a profit, let alone one big enough to justify its current market...
Read more: Beyond meat? The market for meat substitutes is way overdone
