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Why plant-based meats are still expensive
In 2019, the plant-based meat industry experienced explosive growth.Investors poured hundreds of millions of dollars into companies like Beyond Meat and Impossible Foods. Fast-food giants like McDonald's and Burger King rolled out plant-based burgers nationwide. Even celebrities like Snoop Dogg and Katy Perry backed the movement.But then momentum stalled.Since the early 2020s, plant-based meat sales have cooled. Prices remain high. Critics question how ultra-processed these products are. And some meat industry groups have pushed back with advertising campaigns and lobbying efforts.So, what caused the decline of plant-based meat? And why is it still so expensive?Read the original article on Business Insider