I am seeing it in my local super markets. One has delisted the Beyond Meat ground beef substitute. Which makes it harder to get, which means I probably buy it less often too
Beyond Meat is struggling, and the plant-based meat industry worries
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Re: Beyond Meat is struggling, and the plant-based meat industry worries
#12I think this shows us that "technological innovation" solutions are not always the right answer to our problems. I've had these fake-patties and they're good, I've gone to burger king and it's more than good enough. But then again, when I go to the supermarket these are still too expensive compared to regular meat and the flavor profile is not as good. So I they would have to come up with a really killer product, but…
> when I go to the supermarket these are still too expensive compared to regular meat
I never looked, but if the above is true, then that is the issue. People will always buy cheap. And to many people, if more expensive than 'real' meat, then they will not buy "beyond meat". Why, real meat in people's mind will always equate to higher quality.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#13"Its stock has slumped nearly 83 percent in the past year. Sales, which the company had expected to rise as much as 33 percent this year, are now likely to show only minor growth."
So they still showed growth, the stock just crashed; and the others in the segment who don't have to report numbers are doing better. Just sounds like a discounted stock to me.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#14It really is not that complex to understand: You either love meat and won't touch these things with a 10 feet pole or you are vegetarian/vegan and usually take care of what you put in your body, meaning probably a limited amount of junk/processed food, meaning no fake meat substitutes. The market really isn't that big imho, there are already plenty of alternative to meat for most applications, which are cheaper, less…
> You either love meat and won't touch these things with a 10 feet pole I think this is wrong, and you're missing where the market is. From what I've read, the meat alternatives actually sell primarily to meat eaters who feel like they should occasionally substitute meat for health reasons or variety. Non-meat-eaters have already weaned themselves off meat taste-wise and are not-so-interested.
But if you are a meat eater that want to eat healthier, you'll be very suspicious of what appear very heavily processed food and just eat actual vegetable-looking food.
That's at least the case for me. Note I'm not saying that these meat substitutes are actually unhealthy, they just look very suspicious to me.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#15I think this shows us that "technological innovation" solutions are not always the right answer to our problems. I've had these fake-patties and they're good, I've gone to burger king and it's more than good enough. But then again, when I go to the supermarket these are still too expensive compared to regular meat and the flavor profile is not as good. So I they would have to come up with a really killer product, but…
Isn't the reduced cost of regular meat due to subsidies? https://www.aier.org/article/the-true-cost-of-a-hamburger/
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#16It really is not that complex to understand: You either love meat and won't touch these things with a 10 feet pole or you are vegetarian/vegan and usually take care of what you put in your body, meaning probably a limited amount of junk/processed food, meaning no fake meat substitutes. The market really isn't that big imho, there are already plenty of alternative to meat for most applications, which are cheaper, less…
Or you eat meat, take care of what you in your body, and know these meat substitutes are a gimmick to put "health halos" on highly processed soy products that were formerly just sold to prisons.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#17It really is not that complex to understand: You either love meat and won't touch these things with a 10 feet pole or you are vegetarian/vegan and usually take care of what you put in your body, meaning probably a limited amount of junk/processed food, meaning no fake meat substitutes. The market really isn't that big imho, there are already plenty of alternative to meat for most applications, which are cheaper, less…
> You either love meat and won't touch these things with a 10 feet pole I think this is wrong, and you're missing where the market is. From what I've read, the meat alternatives actually sell primarily to meat eaters who feel like they should occasionally substitute meat for health reasons or variety. Non-meat-eaters have already weaned themselves off meat taste-wise and are not-so-interested.
I stopped eating 99% of the meat I used to eat. I didn't stop liking burgers. So has one of my daughters. Both our concerns are ethical. I would 100% eat bacon if it was vegan and tasted like actual bacon.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#18We actually prefer the Beyond Meat patty to a real beef one about 3/4 times in my house. We also prefer their Italian sausage for several recipes. They aren’t the same by any means; we just happen to like the Beyond Meat alternative for those dishes. I really hope they stick around.
I agree. My favorite foods, that I rarely eat for health reasons, are brisket & wings.
I believe the Beyond meat burger tastes much better than most beef. I prefer them to the black bean patties, etc.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#19It really is not that complex to understand: You either love meat and won't touch these things with a 10 feet pole or you are vegetarian/vegan and usually take care of what you put in your body, meaning probably a limited amount of junk/processed food, meaning no fake meat substitutes. The market really isn't that big imho, there are already plenty of alternative to meat for most applications, which are cheaper, less…
I hope they stick around (Impossible should be ok). They're not the healthiest, but they're a rare semi-reliable vegetarian/vegan option for when you go out to restaurants. Otherwise you usually have to eat french fries or pasta. And they're also higher protein which is difficult to find going out unless you want to cook all your food at home.
Re: Beyond Meat is struggling, and the plant-based meat industry worries
#20I think this shows us that "technological innovation" solutions are not always the right answer to our problems. I've had these fake-patties and they're good, I've gone to burger king and it's more than good enough. But then again, when I go to the supermarket these are still too expensive compared to regular meat and the flavor profile is not as good. So I they would have to come up with a really killer product, but…
Burger King uses Impossible. You could be right about the business side, but I point this out because I think Impossible is substantially better than Beyond.
Like I don't think Beyond could fool a meat eater for a second (and it's not as explicitly their intention), whereas Impossible is pretty damn convincing in certain contexts.
Also, Impossible started out strongly focused on the restaurant industry, and AFAIK still doesn't even bother with supermarkets. Whereas Beyond started as a supermarket item. Even if I did like Beyond I agree I'd be less inclined to buy these to cook myself.