Meat+Poultry - November 2022 - 24

SOSLAND PUBLISHING
years
Makers of plant-based
meat alternatives continue
to develop new products to
keep consumers interested,
but a shakeout in the
segment could lie ahead.
sectors. The North American Meat Institute
(NAMI) developed a sustainability framework
of more than 100 metrics developed through
work with sustainability experts, supply chain
partners and NAMI members.
ONGOING INNOVATION
While animal protein consumption carries
some of the blame for the world's climate
problem, plant-based meat alternatives are
marketed as a solution. But a persistent
downturn in sales has thrown plant-based
meat alternative producers - and the category
- for a loop, especially in the past year.
Consumer and market research firm IRI found
that sales for refrigerated plant-based meat
alternatives are decelerating.
" Year-on-year growth started slowing in the
second quarter of 2021 and turned negative in
the third quarter, " IRI said. " Come November
2021, refrigerated plant-based meat alternative
sales decreased 6.6% over November 2020.
November sales were up 29.2% over the 2019
24 MEAT+POULTRY | 11.22 | www.meatpoultry.com
levels, but this is much lower than the gains
seen in the first few quarters of the year.
" While 2019 and 2020 achieved much of
its growth through expanded distribution,
assortment only increased 5.3% in 2021
- making maintaining the growth rate
much harder. "
With sales of meat alternatives continuing
to see pressure from waning consumer interest
and inflation impacts on meat shoppers, a
segment shakeout could be in the cards for
plant-based meat alternative companies.
In October, El Segundo, Calif.-based
Beyond Meat Inc. announced plans to lay off
approximately 200 employees, or roughly
19% of its workforce. The company also
announced further reductions to its fiscal 2022
sales outlook to a range of $400 million to
$425 million.
Redwood, Calif.-based Impossible Foods,
in the same month, announced layoffs of 6%
of its workforce as part of a reorganization
plan primarily affecting roles that had
Beyond Meat Inc.

http://www.meatpoultry.com

Meat+Poultry - November 2022

Table of Contents for the Digital Edition of Meat+Poultry - November 2022

Meat+Poultry - November 2022 - Intro
Meat+Poultry - November 2022 - FCa
Meat+Poultry - November 2022 - FCb
Meat+Poultry - November 2022 - 1
Meat+Poultry - November 2022 - 2
Meat+Poultry - November 2022 - 3
Meat+Poultry - November 2022 - 4
Meat+Poultry - November 2022 - 5
Meat+Poultry - November 2022 - 6
Meat+Poultry - November 2022 - 7
Meat+Poultry - November 2022 - 8
Meat+Poultry - November 2022 - 9
Meat+Poultry - November 2022 - 10
Meat+Poultry - November 2022 - 11
Meat+Poultry - November 2022 - 12
Meat+Poultry - November 2022 - 13
Meat+Poultry - November 2022 - 14
Meat+Poultry - November 2022 - 15
Meat+Poultry - November 2022 - 16
Meat+Poultry - November 2022 - 17
Meat+Poultry - November 2022 - 18
Meat+Poultry - November 2022 - 19
Meat+Poultry - November 2022 - 20
Meat+Poultry - November 2022 - 21
Meat+Poultry - November 2022 - 22
Meat+Poultry - November 2022 - 23
Meat+Poultry - November 2022 - 24
Meat+Poultry - November 2022 - 25
Meat+Poultry - November 2022 - 26
Meat+Poultry - November 2022 - 27
Meat+Poultry - November 2022 - 28
Meat+Poultry - November 2022 - 29
Meat+Poultry - November 2022 - 30
Meat+Poultry - November 2022 - 31
Meat+Poultry - November 2022 - 32
Meat+Poultry - November 2022 - 33
Meat+Poultry - November 2022 - 34
Meat+Poultry - November 2022 - 35
Meat+Poultry - November 2022 - 36
Meat+Poultry - November 2022 - 37
Meat+Poultry - November 2022 - 38
Meat+Poultry - November 2022 - 39
Meat+Poultry - November 2022 - 40
Meat+Poultry - November 2022 - 41
Meat+Poultry - November 2022 - 42
Meat+Poultry - November 2022 - 43
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Meat+Poultry - November 2022 - 45
Meat+Poultry - November 2022 - 46
Meat+Poultry - November 2022 - 47
Meat+Poultry - November 2022 - 48
Meat+Poultry - November 2022 - 49
Meat+Poultry - November 2022 - 50
Meat+Poultry - November 2022 - 51
Meat+Poultry - November 2022 - 52
Meat+Poultry - November 2022 - 53
Meat+Poultry - November 2022 - 54
Meat+Poultry - November 2022 - 55
Meat+Poultry - November 2022 - 56
Meat+Poultry - November 2022 - 57
Meat+Poultry - November 2022 - 58
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Meat+Poultry - November 2022 - 60
Meat+Poultry - November 2022 - 61
Meat+Poultry - November 2022 - 62
Meat+Poultry - November 2022 - 63
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https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2024
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2024
https://digital.meatpoultry.com/sosland/mp/meatpoultry-december-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2023
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-meat-trends-technology-july-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2023
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2023
https://digital.meatpoultry.com/sosland/mp/meatpoultry-december-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-beef-trends-technology-september-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-meat-alternative-trends-and-technology-may-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2022
https://digital.meatpoultry.com/sosland/mp/special-supplement-bacon-trends-technology-march-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-february-2022
https://digital.meatpoultry.com/sosland/mp/meatpoultry-january-2022
https://digital.meatpoultry.com/sosland/mp/-meatpoultry-december-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-november-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-october-2021
https://digital.meatpoultry.com/sosland/mp/special-supplement-ground-meat-trends-technology-october-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-september-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-august-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-july-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-june-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-may-2021
https://digital.meatpoultry.com/sosland/mp/special-supplement-meat-alternatives-may-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-april-2021
https://digital.meatpoultry.com/sosland/mp/meatpoultry-march-2021
https://digital.meatpoultry.com/sosland/mp/2021_02_01
https://digital.meatpoultry.com/sosland/mp/2021_01_01
https://digital.meatpoultry.com/sosland/mp/2020_12_01
https://digital.meatpoultry.com/sosland/mp/2020_11_01
https://digital.meatpoultry.com/sosland/mp/2020_10_01
https://digital.meatpoultry.com/sosland/mp/2020_09_01
https://digital.meatpoultry.com/sosland/mp/2020_08_01
https://digital.meatpoultry.com/sosland/mp/2020_07_01
https://digital.meatpoultry.com/sosland/mp/2020_06_01
https://digital.meatpoultry.com/sosland/mp/2020_05_01
https://digital.meatpoultry.com/sosland/mp/2020_04_01
https://digital.meatpoultry.com/sosland/mp/2020_03_01
https://digital.meatpoultry.com/sosland/mp/2020_02_01
https://digital.meatpoultry.com/sosland/mp/2020_01_01
https://digital.meatpoultry.com/sosland/mp/2019_12_01
https://digital.meatpoultry.com/sosland/mp/2019_11_01
https://digital.meatpoultry.com/sosland/mp/2019_10_01
https://digital.meatpoultry.com/sosland/mp/2019_09_01
https://digital.meatpoultry.com/sosland/mp/2019_08_01
https://digital.meatpoultry.com/sosland/mp/2019_07_11
https://digital.meatpoultry.com/sosland/mp/2019_06_01
https://digital.meatpoultry.com/sosland/mp/2019_05_01
https://digital.meatpoultry.com/sosland/mp/2019_04_01
https://digital.meatpoultry.com/sosland/mp/2019_03_01
https://digital.meatpoultry.com/sosland/mp/2019_02_01
https://digital.meatpoultry.com/sosland/mp/2019_01_01
http://digital.meatpoultry.com/sosland/mp/2018_12_01
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http://digital.meatpoultry.com/sosland/mp/2018_09_01
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http://digital.meatpoultry.com/sosland/mp/2018_07_01
http://digital.meatpoultry.com/sosland/mp/2018_06_01
http://digital.meatpoultry.com/sosland/mp/2018_05_01
http://digital.meatpoultry.com/sosland/mp/2018_04_01
http://digital.meatpoultry.com/sosland/mp/2018_03_01
https://www.nxtbook.com/sosland/mp/2018_02_01
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https://www.nxtbook.com/sosland/mp/2017_12_01
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https://www.nxtbook.com/sosland/mp/2017_07_01
https://www.nxtbook.com/sosland/mp/2017_06_01
https://www.nxtbook.com/sosland/mp/2017_05_01
https://www.nxtbook.com/sosland/mp/2017_04_01
https://www.nxtbook.com/sosland/mp/2017_03_01
https://www.nxtbook.com/sosland/mp/2017_02_01
https://www.nxtbook.com/sosland/mp/2017_01_01
https://www.nxtbook.com/sosland/mp/2016_12_01
https://www.nxtbook.com/sosland/mp/2016_11_01
https://www.nxtbook.com/sosland/mp/2016_10_01
https://www.nxtbook.com/sosland/mp/2016_09_01
https://www.nxtbook.com/sosland/mp/2016_08_01
https://www.nxtbook.com/sosland/mp/2016_07_01
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https://www.nxtbook.com/sosland/mp/2016_05_01
https://www.nxtbook.com/sosland/mp/2016_04_01
https://www.nxtbook.com/sosland/mp/2016_03_01
https://www.nxtbook.com/sosland/mp/2016_02_01
https://www.nxtbook.com/sosland/mp/2016_01_01
https://www.nxtbook.com/sosland/mp/2015_12_01
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https://www.nxtbook.com/sosland/mp/2015_08_01
https://www.nxtbook.com/sosland/mp/2015_07_01
https://www.nxtbook.com/sosland/mp/2015_06_01
https://www.nxtbook.com/sosland/mp/2015_05_01
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https://www.nxtbook.com/sosland/mp/2015_02_01
https://www.nxtbook.com/sosland/mp/2015_01_01_mp
https://www.nxtbook.com/sosland/mp/2014_12_01
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http://digital.meatpoultry.com/sosland/mp/2010_08_01
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