Exclusive: Beyond Meat eyes production in Asia before the end of 2020
Beyond Meat Inc (BYND.O) aims to start production in Asia before the end of next year, as it gets closer to selling its popular plant-based meat products in China.
While Beyond Meat sells its products in Taiwan, Singapore and Hong Kong, the company and rival Impossible Foods are racing to expand sales to China, a major untapped market for products like the Beyond Sausage and Impossible Burger that have been hugely successful in the United States.
As consumers grow more concerned about health and the environmental impact of industrial animal farming, the global plant-based market is expected to explode to an estimated $140 billion over the next decade.
Related news
Food prices in China have been falling for twelve months
In June, the annual inflation in China moderated to a…
Read more >MTÜ: Chinese inbound tourism is picking up
Chinese inbound tourism in Hungary and Europe is becoming more…
Read more >Related news
Budapest will host the European Ecological Farming Congress in September
This year, Budapest will host the European Organic Congress, which…
Read more >Another successful trade fair presence by the Future Store
Trade magazin, the official journal of SIRHA Budapest 2024 was…
Read more >Alimentaria & Hostelco: sustainability and responsible production in the spotlight
Food and hospitality trade fair Alimentaria & Hostelco took place…
Read more >