marketcrash
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fake meat
10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
05/06/2024
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By Ramon Tomey
Report finds sales of plant-based alternatives to real food DECLINED in 2023
According to a new report, U.S. sales of plant-based alternatives to real food have declined in 2023. The non-profit Good Food Institute (GFI) highlighted this finding in its 2023 State of the Industry Report. The institute “works alongside scientists, businesses and policymakers to make alternative proteins as delicious, affordable and accessible as conventional meat.” But […]
11/10/2023
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By Ramon Tomey
Beyond Meat struggles to address declining sales – people will always choose REAL over FAKE
Fake meat company Beyond Meat fell short of market expectations for its quarterly revenue, posting losses bigger than market estimates during a Nov. 8 post-earnings call. Executives from the El Segundo, California-based company said the percentage of people in the U.S. who believe plant-based meats are healthy is likely to have dropped further this year. […]
11/06/2023
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By Olivia Cook
Fake meat food bubble is bursting: Beyond Meat slashes revenue outlook, plans to cut jobs
Beyond Meat, Inc. announced on Thursday, Nov. 2., that it is slashing its revenue forecast for the second time in three months – a decline of as much as 21 percent from 2022. As it reduces operating expenses, the company also plans to eliminate 65 jobs, representing eight percent of its global workforce. The plant-based meat factory […]
02/22/2023
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By Arsenio Toledo
Fake meat companies are failing as consumers abandon processed plant-based alternatives to real meat
Fake meat companies are failing, as a majority of consumers who choose to eat meat abandon the cultured counterpart due to high prices, disappointing taste and questionable benefits. In 2020, retail sales of plant-based fake meats grew by 45 percent and surpassed the $1 billion mark for the first time as more and more consumers became […]
02/09/2023
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By Arsenio Toledo
Bill Gates-backed fake meat companies on the verge of financial collapse
The synthetic meat industry that billionaire Bill Gates is heavily supporting is teetering on the brink of financial collapse as consumers roundly reject fake meat. The two major companies that Gates backs – Beyond Meat and Impossible Foods – are announcing massive layoffs after sales plummeted. Nearly a decade ago, Gates started pouring investments into the […]
11/11/2022
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By Ethan Huff
Consumers REJECT Beyond Meat fake processed imitation meat products; company massively downsizing
Things are not looking good – at all – for Beyond Meat, which reported a wider-than-expected loss for its third quarter. The company has been struggling for a while amid plummeting demand for fake meat products – it turns out most people want the real thing. (Related: Learn more about the rise and fall of […]
10/05/2022
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By Ethan Huff
Another “plant-based” fake meat company, Planterra, bites the dust
Planterra, the United States-based “plant-based” meat arm of meat giant JBS, has announced a total shutdown later this year amid plummeting demand for fake meat. The company issued a notice late last week to the Colorado Department of Labor and Employment that the brand’s corporate headquarters and manufacturing facility will be shut down completely by […]
10/19/2021
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By Ramon Tomey
Beef and chicken set to become luxuries as inflation pushes food prices ever higher
Most people consider beef and chicken as the primary sources of protein in their diets. However, inflation and the resulting spikes in food prices threaten to put an end to this concept as steaks and chicken may soon become luxury products. Author Michael Snyder writes that the steadily rising prices of meat appear to be a […]
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