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- Beyond Meat's success is partially due to a number of high-profile partnerships with restaurants and food delivery services.
- As demand for plant-based meat alternatives booms, having the right network is important for Beyond Meat and its competitors.
- These are the top restaurant and food delivery service partnerships that have boosted Beyond Meat's stock price.
- Read more on Markets Insider.
Beyond Meat has led a booming plant-based meat movement - and it's had some important partners along the way.
The company charmed the public market with its recent IPO, and has soared more than 730% since it's initial listing in May. But even before the plant-based meat alternatives company went public, it had a number of partnerships with fast food chains.
That trend of adding partners has continued as the company looks to keep growing. Soon after the company's IPO, analysts estimated that a partnership with McDonald's could send the stock up as much as 30%. Since May, a number of partnerships have indeed boosted the stock, from the announcement of Beyond Sausage in breakfast sandwiches at Tim Hortons in Canada to the announcement of the Beyond Burrito at Del Taco.
Partnerships with fast food restaurants will continue to be important going forward. Demand is soaring for plant-based meat alternatives, and hasn't shown any signs of slowing down. Analysts have estimated that the market could grow to be $140 billion in the next decade.
While plant-based burgers like the Beyond Burger cost more than traditional animal proteins such as beef, it appears that consumers are willing to pay higher prices for the alternative products.
Competition for the market, and for partners, is heating up. Partnerships secured by competitors have damaged Beyond's stock. It slid when The Meatless Farm, a British plant-based meat alternatives company, inked a deal with Whole Foods, and on the news that Taco Bell would not include plant-based meat alternatives on its menu.
Here are the top high-profile restaurant and food partnerships Beyond Meat has secured to date: