Meanwhile, the plant alternatives are hot. Sales of alt-milks were up 8% in the year through Jan. 26, hitting $1.7 billion, according to data from Nielsen. Plant-based cheeses and yogurts, a smaller category, are seeing even bigger gains. Beyond Meat Inc., the maker of vegan burgers and sausages, surged 163% in its May 2 trading debut — the biggest U.S. listing since at least 2008 among initial public offerings that raised at least $200 million.
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