Tyson Foods Inc.
TSN,
+1.32%
said Monday that it is launching new products under the Raised & Rooted label: plant-based burger patties, plant-based ground meat and plant-based bratwurst and Italian sausages. Tyson quotes data showing a 148% increase in plant-based protein sales. Competition in the category continues to heat up with the latest launch from Kellogg Co.'s
K,
+0.67%
Incogmeato brand and the newest iteration of the Beyond Meat Inc.
BYND,
-4.01%
burger. Tyson stock is up 1.8% in Monday trading and has gained 22.3% for the year to date. The S&P 500 index
SPX,
+0.27%
is up 11.7% for 2021 so far.