I've frequently made the argument that Hormel Foods (HRL) is the most attractive investment play on the consumer trend toward increased protein consumption. And I previously suggested that Beyond Meat (BYND) would not live up to its hype in part because the product has minimal competitive moat.
Those two threads wove together nicely on Wednesday as Hormel announced that it has officially launched its new line of plant-based protein products to compete with the likes of Beyond Meat, Impossible Foods, and traditional packaged food companies with vegetarian product lines such