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   Technology StocksImpossible Foods and Beyond

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To: zax who wrote (37)5/24/2019 2:09:09 PM
From: Ron
1 Recommendation   of 193
'Moving Mountains' vegan hot dogs are popular in Britain and are on their way to the U.S.

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From: zax5/24/2019 7:38:28 PM
   of 193
I tried Quorn meatless grounds from Whole Foods tonight.

It was awful.

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From: zax5/26/2019 7:17:32 PM
   of 193
I tried Engine 2's "Italian Fennel Plant Burger" tonight, from Whole Foods.

I was actually quite delicious, made a great burger. But it was in no way an attempt to emulate meat. It tasked more like a burger-shaped falafel ball. I will definitely have this again.

While a very good product, it is not at all a competitor in Impossible Foods "space", IMO.

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From: Ron5/26/2019 7:37:41 PM
1 Recommendation   of 193
Ingredient and taste comparison: Beyond Burger and Impossible Burger

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From: zax5/28/2019 3:25:10 PM
1 Recommendation   of 193
One thing might keep the Impossible Burger from saving the planet: Steak

It was a veggie-burger tasting, sometime in the late 1990s, that made me swear off veggie burgers. In the Clinton era, they were enough to shake anyone’s confidence in the category, and mine was shaken to the tune of two decades of abstinence.

But it’s a new day in plant-based meat substitutes. The two versions making headlines — in both food and business news — are the Beyond Burger, made mostly from pea protein, and the Impossible Burger, mostly soy. The news is pretty good. They’re very convincing impostors, and people who have given up meat — or want to eat less of it — are flocking to such chains as Umami Burger and Red Robin to give the Impossible a try. And once Burger King rolls out the Impossible Whopper countrywide, I think it’s safe to use the word “mainstream.”

But the companies behind these products are looking to do more than offer a meaty experience without the meat. They’re out to save the planet. Bruce Friedrich, executive director of the Good Food Institute, a nonprofit organization that supports and promotes meat substitutes, doesn’t foresee the complete replacement of meat, but he predicts transformation on the order of cellphones replacing landlines. Sure, some dinosaurs still have landlines, but the way we communicate has changed.

Pat Brown, CEO of Impossible Foods, which makes the Impossible Burger, aims higher. “We’re dead serious about completely replacing beef,” he told me. The company plans to do it “by completely eliminating the economic incentive for animal farming and fishing,” and it plans to do it by 2035.

Is that possible? Is it desirable? Even though I’d answer both questions with a resounding “probably not,” I’m a big fan of the category, and I believe it will change the market for meat — a market that could use some changing.

Some of the wins are unequivocal. Although people certainly disagree about the extent to which animals suffer in our system — on farms and in slaughterhouses — all those problems go away. So does risk for food-borne illnesses from fecal contamination. Eating plants, rather than feeding them to animals and eating the animals, is inherently more efficient. No antibiotics are required. I still think cattle play an important role turning grass that’s grown on unfarmable land into high-quality protein and providing milk, farm labor and transportation to some of the world’s poorest farmers, but we need to cut back on beef in the developed world and try to flatten the curve on increasing demand as more people worldwide are brought into the middle class.

The biggest issue, though, and the one that seems to motivate a lot of the people working in the sector, is climate change. Replacing beef is a big carbon win.

How big is, of course, hotly debated. Richard Waite is a researcher at the World Resources Institute, and it’s his job to do the math on greenhouse gases. According to him, beef is responsible for about 6 percent of total greenhouse gas emissions (add dairy, and cattle’s total comes to 10 percent). Methane from their digestive systems, gases from their manure breaking down, and deforestation either to create pasture or grow feed are the biggest factors. As we talk about beef, it’s important to remember that it’s a much smaller factor than fossil fuels, but it’s the biggest of dietary factors.

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From: Ron6/3/2019 9:53:31 AM
   of 193
Nestle will introduce a pea-based burger in the US later this year

Through its Sweet Earth brand, which it acquired in 2017, the global food giant will launch its Awesome Burger in the fall. The vegan meat substitute will be available at grocery stores, restaurants and universities.

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From: zax6/4/2019 5:04:50 PM
1 Recommendation   of 193
White meat is just as bad for you as red beef when it comes to your cholesterol level, study says

(CNN) The red meat or white meat debate is a draw: Eating white meat, such as poultry, will have an identical effect on your cholesterol level as eating red beef, new research indicates.

The long-held belief that eating white meat is less harmful for your heart may still hold true, because there may be other effects from eating red meat that contribute to cardiovascular disease, said the University of California, San Francisco researchers. This needs to be explored in more detail, they added.
Non-meat proteins such as vegetables, dairy, and legumes, including beans, show the best cholesterol benefit, according to the new study published Tuesday in the American Journal of Clinical Nutrition.

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To: zax who wrote (44)6/4/2019 8:17:55 PM
From: Ron
1 Recommendation   of 193
Beyond Meat -BYND- First earnings report since the IPO is this Thursday:

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To: Ron who wrote (45)6/6/2019 5:07:29 PM
From: Ron
1 Recommendation   of 193
Wall Street's newest darling, Beyond Meat, climbed higher after releasing its first post-IPO earnings report.
Adjusted loss per share .14 slightly better than expected.

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To: Ron who wrote (46)6/8/2019 10:37:16 AM
From: Glenn Petersen
   of 193
Up 39% on Friday to $139.65. What a monster.

Beyond Meat says one overseas market has ‘desperate’ need for plant-based protein

Published Fri, Jun 7 2019 1:18 PM EDTUpdated Fri, Jun 7 2019 2:01 PM EDT
Eric Rosenbaum

  • Beyond Meat shares surged after its better-than-expected first-quarter results on Friday, as growth around the world for plant-based protein alternatives to meat exceeded forecasts.
  • The global region where Beyond Meat says the need is “desperate” for its products is Asia.
  • Even though beef has never been a staple in many Asian countries, Asia has the fastest-growth rate of beef consumption in the world. It also faces some of the world’s biggest environmental issues.

Beyond Meat plant-based burger patties.
Source: Beyond Meat

Beyond Meat is booming in the U.S., which has the highest level of animal-based meat consumption per person on a global basis and where meat is the largest category in the food industry, a $270 billion business. The U.S. opportunity is just getting started: Nielsen data shows Beyond Meat has just 2% household penetration in the United States.

But the company has said that the global opportunity is just as compelling — meat is estimated to be a $1.4 trillion market — and that is where some of Beyond Meat’s fastest growth may yet come.

Shares of Beyond Meat, already the best initial public offering of 2019, soared after its first-ever earnings report as a public company, and the opportunity in Asia is one that CFO Mark Nelson highlighted.

Responding to a question from an analyst on the quarterly earnings conference call about the international opportunity and how much of the growth it will drive going forward, Nelson said it is an important “but still pretty small percentage of our overall revenue.” He noted that Europe and Asia are “very significant” markets for its products and pointed to the fact that Europe already has a “very well-developed market” for plant-based proteins.

But it was the word he used to describe the Asian opportunity that was about as dramatic as CFO talk ever gets. “Asia has a desperate need for this. So I’m going to be very aggressive in going into those markets, and our team will be as well. ... Asia is absolutely a strong part of our strategy.”

Beyond Meat has been planning for international expansion since well before its public debut. It noted in 2018 that 10% of its consumer inquiries in the previous year were from international markets, a factor that contributed to its rollout across 40 countries. Beyond Meat is currently distributed internationally to through local partners in Australia, Chile, the European Union, Hong Kong, Ireland, Israel, the Middle East, New Zealand, South Korea, Taiwan and the United Kingdom, markets where the company said it “received strong inbound interest for our plant-based products.”

In March, Beyond Meat introduced its plant-based protein burger in Singapore. That followed the 2017 introduction of the Beyond Burger in Hong Kong. Among international markets, Australia is among Beyond Meat’s most penetrated to date. The company had said in its S-1 filing ahead of the IPO, “for several years we have maintained a presence and generated brand awareness in Asia through our local distributor, and expect further expansion in the region over time.”

Beyond Meat has previously cited research firm forecasts that the global market for plant-based meat will be worth $6.5 billion by 2023, with the fastest-growing market being the Asia-Pacific region. Allied Market Research data shows that though demand is highest in Europe and North America, the Asia-Pacific region is the fastest-growing market for the plant-based products, with demand forecast to increase at a compound rate of 9.4% a year until 2025.

In its IPO filing, Beyond Meat stated, “In markets excluding the United States, the amount of meat consumed has more than doubled in the past two decades from 120 million tons in 1997 to 280 million tons in 2017, according to the OECD.”

In 2017 and 2018, international sales represented only approximately 1% and 7% of Beyond Meat sales, but the company expects international sales to “grow substantially in the future ... and contribute an increasing share of our net revenues in coming periods.”

International is growing more quickly than the company expected, its management team said on the earnings call. It just signed a deal with Netherlands-based Zandbergen for its first production facility overseas, and Beyond Meat executive chairman Seth Goldman said on the call, “We have certainly seen growth in Europe happening more quickly than we anticipated. And so from our point of view, as Ethan [Brown, CEO] said, we want to be aggressive with production.”

Many factors at play in Asia

Many Asian markets were not historically places where beef was a staple on the diet — it still is not in many. But with a rising middle class, especially in China, beef consumption has been rising. In the early 1980s, China’s meat consumption per head was around 13 kilograms per year and has risen to 50 kg per person — over half the level in the U.S., according to data cited by Dora Marinova, director of the Curtin University Sustainability Policy Institute in Australia, in a recent Nikkei Asian Review article.

“Consumption has already surpassed sustainable levels in China,” she told the Nikkei. “From an environmental point of view, it has to go down to at least half of what it is.”

Some Asian players are moving into the space. In Japan, Otsuka Foods launched the market’s first plant-based protein burgers last year.

Asia’s growing population and appetite for protein is not just limited to beef, but historical staples like pork and seafood, and that will have major consequences for the globe.

A report from Singapore-based consultant Asia Research and Engagement forecasts that a rising Asian population, increasing incomes and the trend toward urbanization will result in a 78% increase in meat and seafood demand from 2017 to 2050, according to a Reuters report.

The report estimates that a land area the size of India will be needed for additional food production, while water use will double per year and greenhouse gas emissions spike. It also noted the use of antibiotics in the livestock industry will present greater risks for human and animal infection.

Euromonitor research from recent years shows that Asian animal protein consumption can vary widely based on income. Per capita meat, fish, and seafood consumption ranges from as law as 11 kg per capita per year in India to over 144 kg in Hong Kong. Hong Kong, where Beyond Meat introduced its burger in 2017, has 23 times the per capita annual disposable income of India.

In China, non-income factors have made beef more attractive. Pork industry safety scandals, public health campaigns designed to encourage the consumption of lower fat protein options, and recent bird flu epidemics led to beef and veal becoming the fastest-growing meat category in volume in recent years, Euromonitor found.

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