Beyond Meat tanks after Tyson launches its own line of plant-based meat alternatives (BYND, TSN)
|06/13/2019||Posted by BusinessMediaguide.Com under General World News||
- Beyond Meat shares fell early Thursday after Tyson Foods announced its own line of plant-based protein products.
- Tyson’s announcement comes just over a week after Nestle entered the plant-based meat market. Nestle plans to roll out a veggie burger in the US this fall.
- Tyson will also launch blended products that contain both meat and plants.
- Watch Beyond Meat trade live.
Competition is ramping up in plant-based protein.