I always wondered who their demographic was. The core early adopters, the ethical vegans, who actually like the taste of plants are never going to make a lab made ultra processed salt bomb their daily driver (never mind issues surrounding industrial agriculture). Health-conscious folks would take one look at the ingredient list and bail because of the heavy processing and industrial fillers. You've got bodybuilders and athletes skipping it because it lacks the micronutrient density and bioavailability of real animal protein. Everyday folks aren't exactly lining up to pay a "green premium" for something that tastes almost like a burger but costs more and offers less. It feels like they built a product for a tiny, hyper-specific niche: people who desperately crave the experience of a fast-food patty but have an ideological dealbreaker with meat, while being well off enough that finances aren't carefully managed and loose enough in their convictions that a burger-joint is still ok. It always seemed like an odd propsition to me, even if cool in some ways.
Beyond has dropped “meat” from its name and expanded its high-protein drink line
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Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#12That's too bad. I don't expect fake-meats to be healthy, or cheap, but I like that they can be made without killing animals and without raising them in inhumane conditions.
I had really hoped that people would say, "Well, if it tastes close enough, then how about I go for the cruelty-free version." And it is close-enough -- it's at least as good as a fast-food hamburger.
Perhaps the cognitive dissonance is just too much. The world would be a better place if we ate less meat, even if we don't eliminate it entirely. But to acknowledge the cruelty by avoiding it sometimes means facing it when you do choose animal protein.
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#13It was never going to work. Proprietary food, that you can only buy from one company? Of course it was doomed to fail. It’s not even about veganism, it’s a cancerous idea.
Proprietary food.. that you can only buy from a single company are all doomed? Might I offer an example that, under some definitions, has not failed despite that strategy. The McRib.
I was going to offer the twinkie but I guess hostess declared bankruptcy, so maybe you're right.
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#14I never understood these engineered ultra processed meat imitation products, they are not healthy - period. There's already healthy and delicious cuisines that have developed over thousands of years (Indian, Nepalese, I'm sure many others). This desire to just recreate the SAD (standard American diet) with goo is beyond strange...
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#15I disagree with the idea that it's "not the moment for plant-based meat". Beyond Meat has a fantastic product that does very well in lots of markets. The problem is that Beyond Meat the company was valued as some sort of once in a generation radical reimagining of the way we eat. Beyond Meat's product is not going to change the world, it's just a good product. If Beyond Meat had grown organically, instead of raising…
Yup, the product is fine, but there's a reason all the other brands in the freezer aisle aren't raising hundreds of millions of dollars at 100x multiples. Burgers don't scale like smartphone apps.
Here's a comparison - Tyson Foods, best known for their frozen meat, had a revenue of $54.44 billion last year. Their current market cap is $21.77 billion.
Beyond Meat reported an annual revenue of $87.9 million in their 2018 S-1, and post-IPO reached a peak market cap of $14.1 billion.
See the issue with these numbers?
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#16I always wondered who their demographic was. The core early adopters, the ethical vegans, who actually like the taste of plants are never going to make a lab made ultra processed salt bomb their daily driver (never mind issues surrounding industrial agriculture). Health-conscious folks would take one look at the ingredient list and bail because of the heavy processing and industrial fillers. You've got bodybuilders a…
Beyond Meat aren't unique, there are dozens of brands offering the same product. Tens of millions of people eat these type of products. Any (or most) burger-serving restaurant in Europe will have a Beyond Meat or equivalent on the menu. They're not always advertised as vegan (because of preparation and extras) but these fake burgers are very popular, for many reasons.
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#17Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#18> high-protein fizzy drink line That is the plan?
High-protein everything is riding the wave of GLP-1 popularity right now. Doctors are begging people on that class of drugs to chase protein targets more similar to what might have previously been reserved for heavy weightlifters just to prevent muscle wasting.
As a result, the entire packaged food industry is pumping up protein numbers and marketing it as the primary attribute of the food (where they might have previously marketed low fat or low sugar or whatever else in the past).
So, saturated market... but certainly one people are investing in now.
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#19That's too bad. I don't expect fake-meats to be healthy, or cheap, but I like that they can be made without killing animals and without raising them in inhumane conditions. I had really hoped that people would say, "Well, if it tastes close enough, then how about I go for the cruelty-free version." And it is close-enough -- it's at least as good as a fast-food hamburger. Perhaps the cognitive dissonance is just too m…
Maybe it's just me, but beyond has never tasted close to the original. Impossible does.
The fact that it doesn't taste close to the original and that it commands a price premium is why I ultimately gave up on it. Where I might use beyond, I can usually get a healthier option using ground turkey instead with a much more agreeable flavor and price.
But really, I've just focused on making more meatless dishes in general. Highlighting the flavor of legumes and mushrooms beats trying to fake the flavor of beef.
Re: Beyond has dropped “meat” from its name and expanded its high-protein drink line
#20I never understood these engineered ultra processed meat imitation products, they are not healthy - period. There's already healthy and delicious cuisines that have developed over thousands of years (Indian, Nepalese, I'm sure many others). This desire to just recreate the SAD (standard American diet) with goo is beyond strange...
I really like a good burger, but am somewhat sympathetic to the arguments put forwards about the meat industry and it's impacts.
What's to not understand?