European alt-meat and alt-dairy company Naturli’ Foods has opened a manufacturing facility in Sydney’s North Rocks in partnership with Botany Group. The two companies said Australia is the third-fastest growing vegan market worldwide with consumer spending on plant-based meats projected to reach $3 billion by the year 2030. The joint venture will manufacture Naturli’ plant-based mince along with the company’s plant-based burgers, Chick’n Style mince and a range of other products for sale in supermarkets nationwide.
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.
