Mon. Nov 29th, 2021

Meat

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Dec 03, 2020 (AB Digital via COMTEX) —
Market Overview

The convenience offered to Restaurants and foodservice by frozen meat products is estimated to enhance the frozen meat market share.  The food, beverages & nutrition industry reports are formed by Market Research Future, emphasizing market opportunities for growth. A potential income level is estimated to be bolstered to USD 86.58 billion while growing at a CAGR of 4.36% in the forecast period.

The fast-paced lifestyle is estimated to spur the need for household consumption requirements, which will benefit frozen meat manufacturing in the forecast period. Furthermore, the restructuring of the supply chain and the emergence of new processing methods are estimated to amplify the frozen meat market trends in the approaching period.

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Competitive Analysis

The sentiment of

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HONG KONG — First, meat came from farms and forests. Then, it came from factories. More recently, entrepreneurs have been making it from plants.

Some have wondered whether there’s a more advanced approach: Could meat be grown in a laboratory, from existing cells? That effort has faced multiple challenges, from skepticism over something that comes from a lab to questions about what governments might think.

The nascent laboratory meat industry won a small victory Wednesday on that last point, as an American start-up became the first to win government approval — in this case, an announcement by the city state of Singapore — to sell the fruit of its labs to the public in the form of “cultured chicken.”

The company, Eat Just, is based in San Francisco and describes its product as “real, high-quality meat created directly from animal cells for safe human consumption.” Singapore’s Food Agency said on

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Beyond Meat (BYND) reported third quarter results on Monday evening. To put it as politely as possible, the performance was truly awful. The firm had a lousy quarter. By the numbers, Beyond Meat posted adjusted EPS of $-0.28, badly missing expectations of positive $0.05. Revenue generation did grow 2.7% to $94.44 million, but investors must understand that this is an exceptionally nasty miss versus industry projections up in the low $130 million’s. Year over year sales growth has gone over the past four quarters from 213% to 141% to 69% to this 2.7%. The pandemic has ground sales growth to something very close to a halt. Positive news of a potential vaccine should have supported the stock, but there is much more to this story.

Looking past headline performance, we see gross margin that dropped from 34.2% to 27%, we see adjusted EBITDA margin that plummeted from +9.7% to -4.5%,

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