{"id":125680,"date":"2021-05-19T17:06:23","date_gmt":"2021-05-19T17:06:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125680"},"modified":"2021-05-19T17:06:23","modified_gmt":"2021-05-19T17:06:23","slug":"fake-meat-is-the-future-heres-why-2","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/fake-meat-is-the-future-heres-why-2\/","title":{"rendered":"Fake meat is the future. Here&#39;s why"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Target is launching its own line of plant-based foods as demand continues to grow for meat and dairy alternatives.<\/p>\n<p>The new assortment includes more than 30 foods including vegan spreads, almondmilk creamer, oat milk, plant-based dips and meat and chicken alternatives. Target describes the new collection as &#8220;on-trend, flavorful, high-quality options at incredible value,&#8221; with items priced under $8.<br \/>\nTarget developed and tested the food in-house and is branded using &#8220;Good &amp; Gather,&#8221; which is its flagship food brand that launched two years ago in an attempt to take on its grocery store&#8217;s private labels. The new food will gradually roll out on its website and in stores through fall.<\/p>\n<ul><\/ul>\n<p><img decoding=\"async\" alt=\"Target&amp;#39;s new collection of plant-based foods.\" class=\"media__image\" src=\"\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/210511061350-restricted-target-plant-based-food-large-169.jpg\"><br \/>\nDemand for plant-based foods continues to grow: Retail sales jumped about 28% over the past year, according to Nielsen. That increase in demand prompted Target to further grow its line.<\/p>\n<ul><\/ul>\n<p>&#8220;Guest demand for plant-based offerings is incredibly high and continues to grow,&#8221; said Rick Gomez, executive vice president and chief food and beverage officer at Target, in a release. &#8220;By adding &#8216;Good &amp; Gather Plant Based&#8217; to our curated assortment of plant-based offerings, we&#8217;re giving guests more of what they want and making it easy for them to discover the joy of food every day.&#8221;<\/p>\n<ul><\/ul>\n<p><span>Target<\/span> <span>(<span>TGT<\/span>)<\/span> is competing an increasingly competitive space. <span>Beyond Meat<\/span> <span>(<span>BYND<\/span>)<\/span> recently released a new recipe signature plant-based burger with a version designed to taste more like animal beef and its main rival, Impossible Foods, raised $500 million last year. Both companies slashed prices of their products in recent months.<br \/>\nAnd other plant-based brands, like Kroger&#8217;s Simple Truth and Nestle&#8217;s Sweet Earth, have been expanding their offerings.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2021\/05\/11\/business\/target-plant-based-food\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Target is launching its<\/p>\n","protected":false},"author":3,"featured_media":125679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fake meat is the future. 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