In this file:

 

·         Beyond Meat shares slide as market test for McPlant disappoints

… demand was modest in the San Francisco and Dallas/Fort Worth rollouts, it was “practically non-existent” when experimented with in more rural locales in East Texas… 

 

·         UMN survey: 80% of U.S. consumers prefer animal-based protein

Gen Xers indicated the highest preference for plant protein today at 26%, compared to 20% across other consumer segments.

 

 

Beyond Meat shares slide as market test for McPlant disappoints

 

By: Kevin P. Curran, Seeking Alpha

Jun. 16, 2022

 

Beyond Meat (NASDAQ:BYND) stock slipped on Thursday after BTIG indicated the McPlant offered at McDonald’s (MCD) is not as popular as expected.

 

“Our recent franchise checks indicated the McPlant market tests at McDonald's (MCD) were disappointing, coming in at or below the low-end of sales projections, and the product won't be launched nationally in the second-half of the year,” BTIG analyst Peter Saleh told clients on Thursday. “Given this development, coupled with slowing category sales and declining selling price, we believe management's sales guidance and our initial estimates were just too high.”

 

He noted that while demand was modest in the San Francisco and Dallas/Fort Worth rollouts, it was “practically non-existent” when experimented with in more rural locales in East Texas. As such, a national rollout is not expected. The lack of national exposure for the product was cited as only adding to increased difficulty for the company in terms of inroads to the food service industry.

 

“While the company has made considerable gains with restaurant partnerships in recent years, we believe a rebound in sales growth could take longer than expected given continued disruption from COVID-19 and restaurants' emphasis on greater efficiency and streamlined menus following the pandemic,” he concluded...

 

more, including links

https://seekingalpha.com/news/3849174-beyond-meat-shares-slide-as-mcplant-reportedly-fails-market-test

 

 

UMN survey: 80% of U.S. consumers prefer animal-based protein

Gen Xers indicated the highest preference for plant protein today at 26%, compared to 20% across other consumer segments.

 

Source: University of Minnesota's College of Food, Agricultural and Natural Resource Sciences

via Feedstuffs - Jun 15, 2022

 

While it's commonly acknowledged that proteins are vital to a healthy diet, U.S. consumers have varying opinions on which types they prefer to eat today and what they expect to eat in the future. According to a new CFANS Insights survey from the University of Minnesota's College of Food, Agricultural and Natural Resource Sciences, 80% of U.S. adult consumers today prefer pork, beef, poultry and fish as their main sources of protein. Plant protein is gaining popularity, however, with 31% of consumers saying they will eat more plant protein over the next five years.

 

As America's preferences for protein continue to evolve, the global plant-based protein market is rapidly expanding. Valued at USD $29.4 billion in 2020, this sector could surpass USD $162 billion by 2030, composing 7.7% of the global protein market, according to a Bloomberg Intelligence report "Plant-based foods poised for explosive growth," from August 2021.

 

In the CFANS Insights survey, Gen Xers indicated the highest preference for plant protein today at 26%, compared to 20% across other consumer segments. Their younger Gen Z counterparts, however, expressed the most willingness to pay more for plant protein options at 44%.

 

"Plant-based proteins are more in demand than ever before," says Pam Ismail, PhD, founder and director of the Plant Protein Innovation Center at CFANS and professor in the Department of Food Science and Nutrition. "As a society we are becoming increasingly focused on the interconnected health of people, animals and the planet. With that, the demand for plant-based protein has grown steadily," she says, noting that increases in environmental awareness among consumers, as well as increases in health-conscious consumers and in the vegan/vegetarian/flexitarian population are key drivers for plant protein popularity.

 

Sustainability: The meat of the matter ...

 

Plant protein's growing popularity ...

 

more

https://www.feedstuffs.com/news/umn-survey-80-us-consumers-prefer-animal-based-protein