News & Press

Beyond Meat Fever Turns the Tiny Pea Into America’s Hot New Crop

Greg Wank, Leader of Anchin’s Food and Beverage Industry Practice, says the time is right for plant-based companies to go mainstream:

Plant-based companies have been around for decades, but products were aimed at vegans and vegetarians, a tiny market, according to Greg Wank, food and beverage lead at New York-based accounting and consulting firm Anchin, Block & Anchin LLP. Now that even meat-eating consumers are trying to get more of their protein from alternative sources, demand is taking off, underscoring the blistering debut of Beyond Meat. The shares are up about 500% since they started trading in May.

“It’s the right place and the right time,” Wank said.

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