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RPT-Chinese companies bank on plant-based meat as coronavirus fuels healthy consuming trend

Byindianadmin

Sep 15, 2020

(Repeats to more subscribers, no change to text) BEIJING, Sept 15 (Reuters) – A little but growing coterie of Chinese companies are banking on an intense future for plant-based meat items as consumers take their health more seriously in the wake of the COVID-19 pandemic.Though still a niche business compared to China’s huge meat supply chain, vegetarian options to meat are making headway following health frightens like the novel coronavirius and African swine fever, analysts and industry experts said.U.S.-based Beyond Meat Inc stated recently it had signed an offer to open a production facility near Shanghai and previously this year launched a collaboration with Starbucks Corp for its plant-based meat items to be sold by the cafe giant in China.Beijing-based startup Zhenmeat, whose p
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