This editorialized link title and the article's headline itself doesn't really match the article's content (as is increasingly common it seems). Sure, Beyond Meat has had lower sales- but soon after they mention that retail sales of Impossible meat products increased 50% in 2022- with an odd "but the CEO left so they're in trouble" assessment which seems a bit bonkers. Then the author seems to say that because fake m…
The fundamental problem is that everyone has a different reason for wanting plant-based meat/fake meat. So by any particular metric, they have failed. Some people want fake meat to be a 1:1 meat substitute because they love meat but can't eat it (allergies, cardiovascular, etc). Some people want cheaper meat because quality meat you can trust has grown too expensive. Some people want more vegan/vegetarian options bec…
I think of this stuff as none of these things. It's nicotine gum.
Nicotine gum won't ever replace cigarettes, nor will people who don't smoke start chewing it.
This is a product for people trying to transition away from a meat-heavy diet. It's never going to be 100% the same, but it's close enough to reduce the cravings. Eventually they'll graduate to healthier, cheaper, and (arguably) better tasting vegetarian products that don't resemble meat at all.
The motivations for cutting back on meat don't matter. Just like there's a market for nicotine gum, there's a market for this.