Faux-meat mania may pose risks for meat producers

Bloomberg

The popularity of Beyond Meat Inc’s plant-based protein offerings isn’t just a threat for meat producers. Such meat-free alternatives and consumer trends shunning animal protein could also hurt demand at agricultural chemical makers and fertiliser companies, according to Alliance Bernstein.
Nearly 60 percent of the world’s corn and 90 percent of the soy goes into animal feed, analyst Gunther Zechmann writes.
Bayer AG and Corteva Inc depend heavily on meat consumption and Evonik Industries and Royal DSM NV have about a third of group sales linked to animal nutrition.
“We see the mid-term risk as modest, but companies need to be planning for how to manage this problem in the long-term,” he said.