Beyond Meat wannabes are failing as hype and money fade

The plant-based food sector was seen as a hot shot up to recently but there's a shakeout going on as funding dries up

Enthusiasm for alternatives to meat surged in the aftermath of Beyond Meat’s 2019 initial public offering but sales haven’t matched wildly optimistic projections. Picture: iStock

Unreal Food ended its pursuit of an eggless egg. Remastered Foods stopped developing vegan bacon. The Meatless Farm halted its plant-based sausages.

The great shakeout in the world’s fake meat sector is here, and it’s widening.