Watch Out Beyond Meats: "Nestlé enters Asian plant-based protein market with $103m China investment" (BYND)

BYND is priced beyond perfection with the giant agrifoods companies just starting to make their moves. Beyond Meats has some advantage in their years of fiddling with taste and texture but the Cargills and Tysons and Nestlés also have some experience. And a lot of money.
From AgFunder, May 27:

Asia’s plant-based protein space seems to be growing more competitive by the day, with a multitude of startups, investors, and major food corporates announcing plays in the region.

Another giant has just thrown its hat in. Nestlé has unveiled plans to build a factory to produce plant-based meat alternatives in Tianjin, China. It’ll be the Swiss food conglomerate’s first such facility in Asia.

The announcement is part of a wider CHF 100 million ($103 million) investment that Nestlé is making in the country, which also includes an upgrade to its existing pet food production facility in Tianjin as well as the introduction of new pet food product lines.

Nestlé will also commit some of the funding to enhancing its confectionary product lines in China, as well as its quality assurance capabilities in the country.

When it comes to plant-based products, Nestlé will be up against some increasingly stiff competition as tech startups and established food manufacturers alike try to claim an early foothold in Asia’s budding alt-protein market....MUCH MORE

Yesterday:
"Beyond Meat Looks to Be Expanding With KFC in China. What It Means for the Stock" (BYND)