Is The Plant-Based Meat Market Cooling Down?

Key Takeaways

beyond meat had one of the most successful IPOs in history in just two months it became an 11 billion dollar company as investors rallied behind its vision for a more sustainable future but that future is now looking more like a flop at the end of November beyond meat stock was down roughly 83 on the year several top Executives have left including the CEO who was accused of biting a man's nose in a fight Beyond meets CEO Ethan Brown has also been criticized for rushing product launches internal problems aside the plant-based Meat Market is cooling down cells are falling in grocery stores and major companies are reducing their investment in the category McDonald's also stopped selling its beyond meat mcclamp Burger in the U.S citing low Demand on a trial run while beyond meat is struggling its biggest competitor is actually thriving and possible Foods reported sales Rose by 49 points in the same period that Beyonds fell by 21 to get back on track beyond meat announced layoffs in November and plans to focus on their core sausage and beef alternatives foreign