Tough times for plant-based meat

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Tough times for plant-based meat
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Plant-based meat companies are laying off employees and staring down weak sales as high prices and flattened demand plague the sector.

Despite the drumbeat of bad news, Beyond Meat officially introduced "Beyond Steak" on Monday — a splashy new product available at more than 5,000 Kroger and Walmart stores.

"Early feedback on taste and texture has been very positive, so we’re confident this is a product consumers are going to be very impressed with," the spokesperson said.last month for a limited time at Taco Bell locations in Dayton, Ohio.is gearing up to introduce a plant-based steak of its own — and not just any cut.

in refrigerated meat alternatives, the product's purveyors are looking to the long term — which includes seeking price parity with "real" meat, which tends to be less expensive. Nestlé is still bullish on plant-based products, with Steve Presley, the CEO of its North American businessKellogg's

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