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Beyond Meat stock price remains pressured as analysts expect industry obstacles to remain
December 28, 2020
The plant-based meat industry is worth roughly $20.7 billion and is expected to reach $23.2 billion by 2024
However, some industry-wide challenges remain in place as we head into 2021
Beyond Meat stock price closed the last week lower to swing into the red territory for December
Shares of Beyond Meat (NASDAQ: BYND) closed 5.62% lower last week as the price action struggles to recover from a sharp selloff that started in October.
Fundamental analysis: Industry challenges to remain
The plant-based meat industry has seen growth in demand and even though it is expected to keep rising, analysts believe the industry still has to face certain obstacles in some parts of the world.
The Straits Times Stills from the movie Wonder Woman 1984 starring Gal Gadot, Chris Pine, Kristen Wiig.PHOTO: WARNER BROS. SINGAPORE
In this week s episode of Health Check, we speak to Associate Professor Jeremy Lim, the director of global health at the National University of Singapore s Saw Swee Hock School of Public Health on the pros and cons of online doctor reviews. PHOTO: COURTESY OF JEREMY LIM
PublishedDec 18, 2020, 9:00 pm SGT
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15:49 mins
Synopsis: The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
Singapore has become the first country to approve the sale of a cultured meat product chicken bites by Californian start-up Eat Just. They will be available from Dec 18 at 1880, a private members’ club at Robertson Quay.
In this episode, ST’s environment correspondent Audrey Tan and climate change editor David Fogarty chat with Ms Elaine Siu, managing director of The Good Food Institute Asia Pacific, on the case for alternative proteins.
They discuss the following points:
Why cultivated meat products are a “good food” (1:47)