Coronavirus: A Perfect Storm for Fake Meat (BYND)

A brewing American meat shortage, rising Chinese adoption are a 1-2 punch for Beyond Meat, plant-based protein producers

A package of Beyong Burger Plant based pay?tties on top of stove with hamburger buns.
(Image credit: Getty Images)

The COVID-19 outbreak has actually benefited a small number of industries so far. Unsurprising areas such as work collaboration tools and e-commerce have enjoyed a lift. But a few less likely winners are emerging, too, and that includes plant-based protein companies such as Beyond Meat (BYND) – thanks to both domestic and international trends.

Here in the U.S., increasing worries about meat shortages thanks to outbreaks in tight-quartered slaughterhouses is prompting a surge in "meatless" meat. Tyson Foods (TSN), Smithfield Foods and Brazilian food processor JBS have recently shut three plants that account for 15% of U.S. pork production, and other meats are being impacted by coronavirus-linked closures.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.