CHICAGO, Oct. 3, 2019 /PRNewswire/ -- SPINS®, the leading
provider of wellness-focused data and technology today announced
that Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based
meat, has chosen SPINS to be its multi-year primary data
partner.
As part of the agreement, SPINS will deliver comprehensive
market, retailer and consumer insights to Beyond Meat®, including
market visibility into Conventional, Natural and Alternative
markets. SPINS also expects to work with Beyond Meat to uncover
innovation opportunities through SPINS unmatched attribution
capabilities. Combined, these assets are expected to provide unique
insight into market performance and future innovation.
"We are excited that Beyond Meat has selected SPINS to be their
data partner as they continue to innovate and transform the
industry," said Tony Olson, Owner
and CEO of SPINS. "The partnership is a natural fit as SPINS and
Beyond Meat are both on the same mission path to transform our food
system – one through increased access to natural products and the
other through plant-based eating."
According to SPINS data, over the last year, the natural
products industry has generated $61.9
billion in sales (up 5.6% year over year and outpacing the
growth of total products at 2.0%). U.S. retail sales of
plant-based foods grew 12.5% annually over the past 2 years,
bringing the total plant-based market value
to $3.8 billion.
About SPINS
SPINS is a wellness-focused data
technology company and advocate for the Natural and Specialty
Products Industry. For the last 20 years, SPINS has been committed
to laying the foundation for the next generation of growth,
providing dynamic data, actionable insights, and digital activation
solutions that contribute to a heathier and more vibrant America.
Learn more at www.spins.com.
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SOURCE SPINS