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Capitalism

November 20, 2019 - Reuters

Beyond Meat vs Zhenmeat: The battle for China's meatless market

Beyond Meat vs Zhenmeat: The battle for China's meatless market
Credit: Omn!Pork

U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favorites such as dumplings and mooncakes to nab a share of the lucrative market.

China’s meat substitute industry has seen a surge in interest in recent months, with startups, traditional food businesses and investors betting trend-loving Chinese consumers will take to plant-based protein like their U.S. counterparts.

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Reuters


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