Trefis expects Beyond Meat’s (NASDAQ:BYND) fresh retail product sales to rise from 50 million pounds in 2020 to 65 million in 2021 and to over 90 million pounds by 2022.
Consumer demand for plant-based fresh meat products is growing. Moreover, management is also focusing on increasing the supply of fresh products in the market, given the higher average prices and margins, compared to frozen products.
Beyond Meat’s stock has underperformed over the last 12 months, rising by just about 16%, compared to about 38% on the S&P 500, due to weaker demand through Covid-19. We think the stock will continue to lag the market in the near term, given its relatively rich valuation.
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