9/22/2023 0 Comments Byond meat stock![]() ![]() Amid its annual losses, Beyond Meat must also continue to spend heavily on research and development. (The company discontinued its chicken this year but says it’s working on a better recipe.)įor investors, the stock is not without risk. By 2013, Beyond Meat was selling plant-based chicken strips nationwide at Whole Foods Markets. As he grew older, he began to question whether people really needed animals to produce meat.īrown teamed up with two professors from the University of Missouri, Fu-hung Hsieh and Harold Huff, who had been developing soy-based “chicken” since the 1980s. Brown’s family part-owned a Maryland dairy farm and as a child he spent weekends and summers on the farm. The company says a plant-based burger takes 99% less water and 93% less land to produce than a beef burger, and generates 90% fewer greenhouse gas emissions.īeyond Meat was founded in 2009 by Brown, a former clean energy executive. He expects the supply chain will grow as sales expand, which would lower the cost of raw ingredients such as peas.īeyond Meat touts environmental benefits as well. For $5.99, consumers can get two 4-ounce patties of Beyond Burger or four 4-ounce patties of Laura’s Lean Beef.īrown said Beyond Meat has a five-year goal of getting at least one product - most likely its beef-style plant-based meat - to cost less than the animal version. But he also points out that red meat and processed meat have been classified as possible carcinogens by the World Health Organization.īeyond Meat also costs more. ![]() The lean beef burger is 160 calories a Beyond Meat burger is 270 calories.īrown says Beyond Meat is working on reducing sodium, which is a natural byproduct of its manufacturing process. A four-ounce 92% lean burger from Laura’s Lean Beef has higher fat and cholesterol than a Beyond Meat burger, but Beyond Meat’s burger has higher sodium and carbohydrates and slightly less protein. Beyond Meat says a 26-week study last spring showed that 93% of Kroger customers who bought its burgers also bought animal meat during the same period. That has broadened their appeal beyond vegetarians. Unlike competitors, Beyond Meat products have also been sold in the meat section of groceries since 2016. Its burgers “bleed” with beet juice its sausages are colored with fruit juice. Its products are made from pea protein, canola oil, potato starch and other plant-based ingredients. Louis proved successful.īrown says Beyond Meat’s ingredient list - it uses only natural ingredients that haven’t been genetically modified, and it doesn’t use soy - sets it apart from competitors. This week the fast food chain announced that it would start testing the Impossible Whopper, made with a plant-based burger from Impossible Foods, in additional markets after its monthlong test in St. sales of meat alternatives jumped 18% over the last year, while sales of traditional meat and poultry there slid 2%.Įven Burger King has recognized the appeal. ![]() The trend toward embracing plant-based meats is not limited to the United States, however. The company will need to expand its product range to succeed outside the United States, where burgers aren’t as popular, Lawson added. “But it’s not clear that Beyond Meat is that.” The company’s valuation in its IPO is “entirely reasonable if it’s got internationalizable potential and a great product, and has capacity to make money in its core profit structure,” said Robert Lawson, CEO of London-based Food Strategy Associates. One food-industry consultant said investors are taking a lot on faith with money-losing Beyond Meat. ![]()
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