In the wake of coronavirus outbreak, consumers are seeking healthy and safe meat alternatives, thereby driving the demand for plant-based meat in Japan. For instance, Marukome, a major manufacturer of miso pastes in Japan, recorded a significant increase in sales of its meat substitute products made from soybeans, in 2020. Consumers are emphasizing on maintaining their immune system and health with consumption of such healthy plant-based food.
Beyond Meat Stock Surges On Double Upgrade, Price Target Boost From Barclays
Barclays analyst Benjamin Theurer boosted his rating and price target on Beyond Meat Monday, noting "more positives than negatives" for the plant-based food group.
