The fake meat fad hits the chopping block
Synopsis by Axios Feb 11 23
Impossible and Beyond have both laid off employees amid a drop in sales.Read full article 
Axios: The fake meat fad hits the chopping block
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| Last Updated | Feb 11 23 |
| Total Articles | 3 |
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Quick Glance: Is the Feast Over for Plant-Based Meat?
- Sunfed's valuation has been slashed to zero and its products are no longer available in supermarkets, raising concerns about the future of Australia's alternative meat sector.
- Investors in the sector acknowledge overestimating consumer demand for alternative meat, leading to challenges for companies like Sunfed and V2food.
- Despite the current struggles, the alternative meat sector is seen as potentially profitable and environmentally important due to the growing global population.
- The road ahead for plant-based meat companies may be challenging, but the industry still holds promise in addressing the need to feed a growing population sustainably.
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