PepsiCo, Beyond Meat partner to develop new plant-based snacks: Report

Topics PepsiCo | Beyond Meat

PepsiCo Inc and Beyond Meat Inc said on Tuesday they would form a joint venture to develop and sell snacks and beverages made from plant-based protein.   Beyond Meat's shares, which gained about 65% last year, were up 22.

4% in premarket trading, while those of PepsiCo were up 1%.   Plant-based meat alternatives, such as burger patties and sausages from Beyond Meat, have gained in popularity in recent years as curious health-conscious consumers look to broaden or shift from chicken, pork and beef-based diets.   Beyond.....

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