My intial assumption was that fewer people eating meat means lower prices because of a larger supply for lower demand. But of course it might mean fewers ranchers and companies investing in livestock in the first place because fewer expect to make a profit on it. What’s the market analysis say to anyone familiar with it?
The main issue is that while a subset of the West are giving up meat, the consumption of meat is increasing in developing countries which is a typical trend as countries get richer. Also, there is a subset of Westerners increasing their meat consumption massively because of idiotic social media trends, but hopefully that is temporary.
I’m hoping that plant-based meat and/or cell-based meat eventually match or exceed meat in quality and price, but we are not quite there yet. Not that I’d eat anything that smells or tastes like meat personally, but people seem to be addicted to it.