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...one of those dudes who’s, I was doing Paleo for a decade plus, now I’m almost exclusively carnivore — red meat, organ meat, can’t eat enough fat, animal fats, butter, raw milk all that stuff....
...Chicken and pork — which suffered from lower market prices — offered little support. Tyson swung into a loss of $450mn for the quarter on a 2.8 per cent decline in sales....
...When the current generation of plant-based meat products came to the market in the late 2010s, the primary selling point to customers was the benefit to the environment of eschewing meat....
...CBOE’s BZX equities exchange features in the second chart because of just one stock, CBOE Global Markets Inc. None of this constitutes a scoop, we’ll be honest, but it’s a Friday....
...The third difficulty — highlighted by Lex amid initial market enthusiasm for Beyond Meat — is low barriers to market entry....
...Investors raced to back the plant-based meat industry in the final years of a stock market boom powered by record-low interest rates....
...for a fraction of a single per cent of the global meat market....
...It adds up to a much smaller market than the one previously imagined. Fake meat’s other big problem versus milk is accessibility....
...Cargill, one of ADM’s biggest rivals, also has a goal of transitioning 10mn acres in North America to regenerative agriculture by 2030, and Brazilian meat-producer JBS has ringfenced $100mn for research...
...Beyond Meat was hoping to entice carbon-conscious carnivores with the first option, creating a massive new market in the process. That has spectacularly failed to occur....
...But there’s little meat behind the move. Crypto volumes dropped to the lowest level since 2020 in the last quarter, according to data from Kaiko. Cryptofinance is edited by Philip Stafford....
...Even before this year’s rise in inflation stoked fears of a global recession, the market had lost some of its momentum, with Canadian group Maple Leaf Foods announcing it was scaling back its plant-based...
...In the battle for US fast-food supremacy, Burger King’s rivals have taken a bite out of its market share....
...Maple Leaf is still betting the plant-based meat market can grow 10 per cent to 15 per cent a year once inflation subsides....
...On top of rising interest rates this year, volatility in equity markets closed the window for flotations, limiting exit options, which led to reluctance among investors to fund later-stage financing rounds...
...A version of this article was first published by Nikkei Asia on May 25 2023. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on July 4. ©2023 Nikkei Inc. All rights reserved....
...“While the government continues to examine options for the market to improve resilience over the longer term, it is essential industry acts in the interests of the public and business to do everything it...
...Tesla’s share of the US electric vehicle market has dropped below 65 per cent from 79 per cent five years ago....
...He is the 32-year-old son of Tyson chair John H Tyson and the great-grandson of the founder of the American meat-processing company....
...The meat industry has come under criticism as consumer price inflation soars. The White House blames excessive market concentration among the Big Four meatpackers for galloping food bills....
...Leverage Shares, one of the biggest providers of European-domiciled single-stock ETFs, has 182 such products on the market, FactSet’s data show....
...In her view, a smaller team is better at staying connected, building connections with the business and adapting quickly to changing markets. Technology is her other big focus....
...The British meat industry said it had serious concerns over the potential lack of sufficient CO₂ supplies....
...Its rival Beyond Meat floated to great fanfare in 2019 but its market capitalisation has sunk to $2.5bn from a peak of more than $14bn....
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