Beyond Meat's competition is beefing up, analysts warn.
Beyond Meat Inc. is a leader in the rapidly growing plant-based meat space, but UBS analysts are concerns about margins, which could be at risk due to competition.
“Beyond Meat is leading the charge to disrupt the $1 trillion-plus global animal meat industry,” UBS said. And big food companies like Tyson Foods Inc. TSN, -0.74% , Kellogg Co. K, +0.41% , Hormel Foods Corp. HRL, +0.82% and Conagra Brands Inc. CAG, -1.29% are among the companies that are boosting plant-based meat brands in their portfolios.Kroger Co. KR, +0.60% , just this week during its investor event, said it would introduce 58 plant-based items under its private label Simple Truth in 2020.
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