Beyond Meat fights for survival

(foodinstitute.com)

86 points | by airstrike 10 hours ago

34 comments

  • makingstuffs 2 hours ago
    The problem with Beyond Meat is that it is insanely expensive. I could buy a free range, organic and grass fed beef burger for the price of their ultra processed burger.

    Don’t get me wrong, as a vegetarian, I think they taste nice. They are just too damn expensive and not particularly healthy which goes against why I am a vegetarian. In Europe we have so many alternatives that are insanely cheaper and, as an Indian, we have so many alternatives that haven’t been processed to within an inch of their life.

    One thing I found to be a great homemade burger maker is simply getting some dried minced soy protein, mix with some eggs, breadcrumbs and seasoning before wrapping in some cling film and pressing it into a patty. Tastes great, holds it shape and has a burger like texture.

    • mgraczyk 43 minutes ago
      Why do you believe it's not healthy? Because of the processes food hysteria stuff?
      • makingstuffs 12 minutes ago
        No, nothing to do with hysteria. We simply have not had access to the substance long enough to be able to accurately say what the long term effects on health are and I cannot help but to assume that there has been a lot of unnatural processing in-order to turn a small, green, pea into a patty which resembles beef.

        Processing isn’t bad, as such. Turning beef from a steak into mince is processing and it is fine. But unnatural processing (as I call it) which requires labs and loads of chemicals which we wouldn’t otherwise consume is only logical to presume as unhealthy.

      • fakedang 39 minutes ago
        It's not hysteria. Beyond Meat uses way too much processing in their food. They literally have patented processes to alter protein structures.
        • mgraczyk 37 minutes ago
          What I mean is that clearly processed foods aren't harmful because they are processed. All the correlations go away when you control for basic things like sugar and vegetable consumption. The whole idea that processed foods are bad for health is a hysteria.
          • ponector 21 minutes ago
            Treating food with chemicals usually it's not good. Also you simply don't know what exactly are they doing.

            Like ultra processed american bread is not so good comparing with european wholegrain sourdough bread.

            • birn559 6 minutes ago
              Processing by itself is not a bad thing. Everything is "chemicals" in some sense and what you mean in particular is not bad in general.

              European bread as of today is highly processed btw.. it's pretty rare to find a bakery that actually bakes starting with the ingredients. Most just bake pre-processed and pre-made stuff coming from a huge factory.

              Typical European/German bread is not terribly healthy to begin with.

            • mistercow 7 minutes ago
              Consider how broad the phrase “treating food with chemicals” is, and you’ll start to see the problem with this kind of thinking. The word “chemical” includes literally everything that food is made of.
    • raphman 1 hour ago
      > before wrapping in some cling film and pressing it into a patty

      Why do you wrap it? Couldn't you also form the burger patty without the cling film?

      • makingstuffs 18 minutes ago
        It allows you to add some pressure to the patty while providing it a restricted space in which it can expand. By doing so the ingredients seem to form a much stronger bond (from my experience). I used to do the same with beef when I ate it.

        Also, rolling it into a ball and then wrapping before flattening gives a much better shape to the resulting patty

      • whoknowsidont 1 hour ago
        Pretty common thing to do to help limit cleanup and help shape the patties (regardless of what they're made of).
    • globular-toast 47 minutes ago
      Is this really a problem with Beyond Meat or a problem with our policies not correctly pricing meat due to not caring about the environment or animal welfare?
      • wonderwonder 1 minute ago
        The market decides the price. We don’t need politicians and biased scientists moralizing about what we can and can’t do and what we should care about.
      • bluescrn 32 minutes ago
        If you choose not to eat meat because you disagree with eating animals, why would you want to eat fake dead animal?
        • Klonoar 16 minutes ago
          Food is not just food: it's culture.

          These replacements have value because sometimes you want the thing that gives you that nostalgia kick or whatever specific feeling you associate with food. Old school plant based replacements don't always feel right for this.

        • jakkos 15 minutes ago
          Same way that I disagree with shooting people, but I can enjoy doing so in video games
        • ainiriand 19 minutes ago
          Have you never enjoyed a burger and a beer with your friends? Or is that you fail to see the social component of eating?
          • bluescrn 4 minutes ago
            Doesn't seem relevant. There's a decent amount of veggie/vegan options these days without using fake meat.

            Fake meat isn't really a product for vegetarians/vegans. It's is a product aimed at creating vegetarians/vegans, and that's going to be much harder.

      • spwa4 40 minutes ago
        A lot of people would say it is a problem with making the entire population pay for the moral preferences of a few.
        • globular-toast 9 minutes ago
          True. People would have said the same in defence of colonialism, slavery, genocide etc.

          Generations later it's easy to look back and say "of course that stuff was bad, I would have fought against it too".

    • libertine 38 minutes ago
      > I could buy a free range, organic and grass fed beef burger for the price of their ultra processed burger.

      In many countries, it's a heavily subsidized industry. Even if you have VC funds, it's not the same as being backed by country subsidies.

      To be clear, I'm not making a judgment, just saying that meat would probably be a lot more expensive.

  • cloudbonsai 2 hours ago
    So the biggest problem here is that Beyond Meat has a huge debt due in just 2 years:

        That’s a problem given that $1 billion in convertible bonds come due in March 2027. Beyond Meat has no way to repay that debt, and the credit markets know it: The bonds currently trade at about 17 cents on the dollar.
    
    To put the "$1B" number into the context, Beyond Meat sold $300M worth of plant-based meats last year, and made a net operating loss of $156M. Their total assets are $600M, and the market capitalization is only $260M as of today.

    If they could magically become profitable at 10% profit margin, it would take 20+ years to repay the debt. It's hopeless.

  • submeta 3 hours ago
    The hidden message of the title: Plant based alternatives may not succeed. I don’t believe that. I rather see more and more friends and people avoid eating meat or reduce their consumption drastically. Many buy plant based alternatives to milk as well. Twenty years ago only a few people would ask for oat/soy milk when ordering a coffee. But these days many do.

    I have been eating plant based meat alternatives for four years now, and I am never going to go back to eating meat. Yes, these products may be ultra processed food, but I cannot justify the ecological consequences and the suffering brought upon the animals just so I can eat a piece of their muscle tissue.

    Our lifestyle is not sustainable, we have to look for alternatives. And young folks already grow up with a very critical attitude towards meat consumption.

    • NoboruWataya 25 minutes ago
      As a meat eater trying to casually reduce my meat consumption, I find myself buying more tofu, lentils and beans, rather than processed meat-like substitutes. I think that is the issue. People who want to eat meat will just eat actual meat, and people who don't want to eat meat will not feel compelled to eat a meat lookalike.
    • buran77 1 hour ago
      > The hidden message of the title: Plant based alternatives may not succeed.

      I don't see this message in there. If you ask me the real message is that companies trying to sell overly processed, way too expensive, imitations of "something" will struggle. They're trying to sell a very expensive mechanical horse. Just give people a car.

      Maybe it's a US thing where people are more emotionally attached to the concept of the burger. But I think these companies would be better off selling plant based stuff that doesn't need to be processed to the moon and back with the associated costs, just to imitate the real thing, and still fall short.

      Plant based food has been around for millennia, focus on that. More people would eat plant based food if it was more accessible in terms of price and effort to prepare. Imitating a meat burger wastes resources and results in something most meat eaters won't actually find as a good alternative, beyond the novelty factor.

    • aydyn 2 hours ago
      Beyond meat burgers taste like flavored plastic grounds, so until these plant based alternatives can close the taste gap its not going to go anywhere. And they have had years to make it taste better, so I suspect theres something fundamental that makes it very difficult.

      It is just too much to ask the public to buy worse tasting food at a higher price, all to feel morally better about yourself.

      • aembleton 18 minutes ago
        The texture and mouth feel isn't right either.
      • touwer 1 hour ago
        That says a lot about the public
        • nly 19 minutes ago
          Food is one of the joys in life that people can enjoy no matter where they are on the socioeconomic spectrum.

          In the modern age, if you're poor, or just time poor, you can enjoy a tasty meal thanks to cheap food coming out of the modern food industry.

          Why would you pay more for a less enjoyable experience when tasty food might be one of the only joys in an otherwise mundane or hard-up existence?

          This is exactly why McDonalds is popular. It tastes relatively good, it's comforting, and it's cheap.

    • Cthulhu_ 2 hours ago
      > Plant based alternatives may not succeed. I don’t believe that.

      Neither do I, but it's a highly competitive market that competes with both the established industrial meat market, as well as people actually educating themselves on cooking without "meat". I've always seen people buying "meat replacements" as kind of lazy, let's just swap one thing out for another, instead of find / cook something different entirely. I see it as a kind of middle-class virtue signaling, which wasn't helped by the fact the meat replacements are (or used to be, I haven't checked) more expensive than meat. Even though on paper they should be cheaper because growing vegetables should be a lot less resource intensive and more sustainable than the meat equivalent.

    • GLdRH 1 hour ago
      Well, that is probably just some kind of perception bias.

      Of course vegans or vegetarians have more vegan or vegetarian friends.

      If it helps you, I know hardly anyone who eats plant base meat.

    • JumpCrisscross 2 hours ago
      Beyond Meat is industrial plant-based protein. The wealthy and upper middle class can afford real plants. That means their market is is poor and lower middle-class folks—hence the distribution through fast food and mid-grade grocery channels.

      They’re not buying plant-based proteins. (The conscientious are already eating plants.)

      Beyond Meat is broken as a mass-market brand. It should be restructured as a niche play.

      > young folks already grow up with a very critical attitude towards meat consumption

      Statistically insignificant [1].

      [1] https://www.sciencedirect.com/science/article/pii/S030691922...

      • fn-mote 23 minutes ago
        > The wealthy and upper middle class can afford real plants.

        I don’t understand this take on what (is / should be) a premium brand.

        The whole dismissal doesn’t make sense to me. It’s marketed at well-off former meat eaters.

        The poor will live on rice and tofu or pinto beans just like they have for the last hundred plus years.

    • kaliqt 2 hours ago
      It is sustainable.
      • JumpCrisscross 2 hours ago
        It is. Just not at the rate we consume it.
        • bluescrn 26 minutes ago
          Everything comes down to world population, which has quadrupled in a century, making the previously-sustainable now unsustainable.

          But even many of the climate catastrophists can't get away from the mentality of 'we still need growth at any cost'. And 'growth' is most easily obtained by creating more consumers and more workers.

      • go_elmo 2 hours ago
        Your word, plausible
  • nxpnsv 2 hours ago
    BM is getting rarer on the shelves in Austria. When it first showed up, it was something special, but now there are heaps of great other alternative meats, often cheaper and made here. I guess BM is struggling because of increased competition. During my 20 years of plant based dieat it has never been easier to find fancy plant based things.
  • dmazin 4 hours ago
    It’s interesting that alternative meat consumption in the U.S. is struggling but taking off in Europe.

    One thing I noticed after moving to the UK: alternative milk is normalized here. Like, it’s so common to avoid milk that if you order coffee without specifying, you will be asked what kind of milk you want.

    • burnt-resistor 3 hours ago
      Here in hill country Texas, even Walmart sells MorningStar corn dogs. H-E-B carries most of the Impossible line including meatballs. I made some dirty rice with the IF ground "beef" and it was awesome. There's almost no oil in it, browning onions and peppers required adding some avocado oil (never use olive oil for high temperature cooking).

      PS: I'm a lazy vegetarian who will eat a real burger every few months. When vegan parm and swiss cheese get as good as the real stuff, then I'd go vegan.

      • messe 2 hours ago
        > never use olive oil for high temperature cooking

        This is a myth and needs to die. Olive oil is fine at high temperatures, even EVOO.

        https://www.seriouseats.com/cooking-with-olive-oil-faq-safet...

      • jjani 1 hour ago
        > When vegan parm and swiss cheese get as good as the real stuff, then I'd go vegan.

        Cheese I really doubt will get there any time soon. It's pretty doable to make milk-free cheese alternatives with eggs - at least in terms of taste - which is probably per gram a lot more sustainable than proper cheese, but there wouldn't be any market for it.

      • JoshTriplett 3 hours ago
        > There's almost no oil in the ground beef, so adding some avocado oil while browning onions and peppers was required.

        Their sausage works well for that, no added oil needed.

      • Mountain_Skies 50 minutes ago
        Part of their financial woes might come from them paying for shelf space at retailers and/or making sale guarantees. A grocery chain will gladly carry a poorly performing product if the manufacturer is paying them to do so.
    • t0mas88 2 hours ago
      It's not all of the UK, you get asked in London, not in the countryside. Same in the Netherlands, you get asked in Amsterdam but not much outside.

      I guess San Francisco also has much more oatmilk latte's than rural villages

      • Marciplan 1 hour ago
        It’s very normalized in any of the medium to large cities in the Netherlands.

        (take “medium to large” with a grain of salt given that means population of 100k)

      • adammarples 2 hours ago
        I don't know I've been in Bristol and Cornwall last week and was always asked. I guess you can extend that to anywhere they might reasonably expect a Londoner to turn up.
    • ricardobayes 1 hour ago
      Some high street chains already make some of their products with plant-based milk by default. I was shocked to hear the cow milk being an "option".
    • account-5 4 hours ago
      What part of the UK does this happen in? I've never been asked this. I can only assume you're in London?
    • cortesoft 3 hours ago
      I feel like most coffee shops here in California always ask what type of milk you want, too.
    • karahime 3 hours ago
      Having lived in both the US and Europe, I have to imagine at least some of that comes down to cost. In Europe, the plant based alternatives (at least where I lived) were actually cheaper, and meaningfully so.
      • danieldk 3 hours ago
        Also, they taste better? I have been a vegetarian since 1999. Even in the small village I lived with my parents, the local supermarket had a meat replacement section. Later I moved to a larger city and the product selection at supermarkets is very large and nice. A few years ago, supermarkets also started carrying Beyond Meat products. We tried them a few times, but they taste absolutely horrible compared to local offerings that have been developed for decades now.
        • vladvasiliu 2 hours ago
          In my neck of the woods you can easily find plant-based alternatives, but I've found that the best ones are those that don't try too hard to mimic meat.

          From a "macro" nutrition perspective they're also much, much better (more protein, less carbs) and don't usually contain a bunch of weird oils and other crap.

          However, they're usually a bit more expensive than actual meat.

      • dmazin 3 hours ago
        Interesting, in Britain it's completely the opposite. Alternative milk is way more expensive.
        • jakkos 2 hours ago
          This is only true if you buy the chilled branded stuff, most of the big supermarkets sell generic soy, oat, almond, coconut for £1/litre
        • ffsm8 2 hours ago
          Same in Germany (~1€/l for milk, 2€/l for pretty much all milk replacements.

          You can obviously buy more expensive milk to, which would give it price parity... But there are also more expensive replacement products. On average, the replacement products cost about 50-100% more.

          The only way to save money via vegetarian meals is by making everything yourself and not the finished products from the supermarkets (at that point the relationship reverses - making meat meals about twice as expensive)

          And I feel the urge to point out the obvious: the reason why the vegetarian replacement products get ever more space in supermarkets is precisely because they've got a gigantic profit margin, whereas the "traditional" milk/meat products have razor thin margins

          • danielbln 1 hour ago
            Lidl has oat/soy milk for 99 cents, and the NoMilk clones for 1,50. In fact, Lidl had a respectable replacement line up now. If you only buy Alpro Milk then yeah, it's gonna be more expensive, but prices have come down tremendously, especially once the discounters hopped on that train.
          • vladvasiliu 2 hours ago
            > [profit margin]

            Sure, but if nobody buys them, a 1000% profit margin won't get them very far. So I think that it's a good enough indicator that more people are buying these products.

        • jjani 1 hour ago
          Here in Korea where soy milk has been a staple forever, its price has more than doubled over the last 5 years, now ~$1.4/L. Still cheaper than milk currently at ~$1.7/L, but it used to be twice as cheap as milk.
    • AStonesThrow 3 hours ago
      [dead]
  • armchairhacker 8 hours ago
    I posted before: I care more about the nutritional content being close to meat than the look and taste; specifically, similar macro-nutrient ratios and whatever micro-nutrients are rare outside of meat.

    I also care about it being cheap in theory, even if it's more expensive in practice because the company hasn't scaled up. But really, as long as it's not ridiculously expensive, and isn't missing some nutrient or balance that would mess up my diet, I'd buy it for the environment.

    • randycupertino 7 hours ago
      I remember when veggie burgers first came out and they actually featured veggies and tried to taste like veggies instead of psuedo-meat patties. They were so good! Then everything tried to just clone meat, poorly, in taste and texture and they were so much worse. But those first ones that really tasted like veggies were delish.
      • bryanlarsen 7 hours ago
        Are you a vegetarian? I'm not, and really enjoy a good black bean patty. But when I crave a juicy beef hamburger, I have one. Vegetarians might prefer to satisfy cravings with something closer to their childhood memories than a black bean patty.
        • haiku2077 3 hours ago
          I remember the veggie burgers they're talking about and they weren't black bean patties. The one I remember had potato with peas in it... god, it was delicious
      • JoshTriplett 3 hours ago
        I'm glad that people have the option of those if they like them. Personally, I find the veggie patties to be awful in both taste and especially texture. I was thrilled when there started being options other than the pervasive gardenburgers.
      • burnt-resistor 3 hours ago
        Both exist. Portabello burgers are great too. There's nothing wrong with choice.
        • Mountain_Skies 48 minutes ago
          Portabello pizzas are also great. It's not the same as a wheat crust pizza but great in its own way.
    • iknowstuff 8 hours ago
      hmm.. you would buy it but aren't?

      4 oz raw/patty:

      Impossible → 19 P / 14 F / 9 C, 240 kcal, 370 mg Na, 0 mg chol

      Beyond → 20 P / 13 F / 7 C, 220 kcal, 260 mg Na, 0 mg chol

      80/20 beef → 19 P / 23 F / 0 C, 287 kcal, 75 mg Na, ? chol (high)

      Plants hit beef-level protein, ditch cholesterol, trade more sodium & a few carbs; beef still packs the fat.

      • bluefirebrand 7 hours ago
        I thought sodium was really bad for you though
        • TimorousBestie 7 hours ago
          The beef patty numbers are solely raw beef, they do not include the seasoning required to make it taste like a hamburger.

          The McDonald’s quarter pounder patty (just the cooked patty, no bun and no toppings), which I believe is comparable, comes with 210mg of salt.

          Since the DRV is 2000mg, the differences aren’t as significant as they appear.

        • eximius 7 hours ago
          Zero sodium also kills you because you need electrolytes to live. Like almost literally every complex system, there is a zone of moderation/goodness/health.
          • teekert 3 hours ago
            It actually nearly killed my wife’s grandmother. Until some doctor realized she avoided salt like the plague, gave her some and she made a miraculous discovery.
        • o11c 7 hours ago
          Salt is only bad for you if you don't drink water.
    • deanc 4 hours ago
      These meat substitutes are UPF and that’s what you should care about more than nutritional content.
      • PaulRobinson 2 hours ago
        OK, we need to pick something apart here, because I see this a lot and it's annoying.

        UPF is not inherently bad. Some UPFs (Pasta, wholemeal bread, baked beans, probiotic yoghurts, wheat biscuit cereals), are actually good for you.

        The problem is that UPFs come from manufacturers who are trying to get you to buy more of their product, by playing tricks with the brain's response to it.

        There are food labs where people are having their brain scanned while they sip different soda formulations, tobacco companies buying food companies to apply their research methodologies, and people figuring out packaging noises and shapes in order to make your old/slow brain excited at the crap you're about to eat (the pringles can is hard to use on purpose, for example). This is all symptomatic of a global food industry that needs you to buy more food, so needs you to consume more food, regardless of nutritional impact.

        I recommend reading Chris van Tulleken's book and watching (if you can) the documentaries he made on the subject.

        Yes, the Brazilian paper that started all this said "UPF is harming the health of the nation", but the root cause was not UPF processes, it was food industry processes that often require them to produce UPF.

        It isn't the UP that makes the F bad, it's that some profitable but bad F needs UP to be viable.

        It is therefore perfectly possible for meat substitutes to be UPF and healthy, just as some other UPFs are healthy. In fact, arguably they need to be both to survive.

        • JumpCrisscross 2 hours ago
          > Some UPFs (Pasta, wholemeal bread, baked beans, probiotic yoghurts, wheat biscuit cereals), are actually good for you

          But the less processed the better. And eating something else is probably better still.

          • rainforest 57 minutes ago
            Does it worry you at all that meat is ultimately made of whatever food the animal eats and processed into a litany of chemicals?

            I feel the UPF "debate" is just an appeal to nature, and calorie/nutrient density should be what we fixate on.

        • deanc 2 hours ago
          These meat substitutes use the bad kind on the NOVA scale. Gums and binders.

          I am current reading the book you mentioned which is why I made this comment.

      • ck45 2 hours ago
        Many (most?) plant based meat substitutes contain methyl cellulose. There are studies like [1] that seem to connect it to intestinal inflammation.

        [1] https://pmc.ncbi.nlm.nih.gov/articles/PMC5410598/

      • Snild 4 hours ago
        "UPF"?
        • RealityVoid 4 hours ago
          "Ultra Processed Food" - I suspect? I disagree, IMO. It feels like a oversimplification, it's a sometimes useful rule of thumb that works in some cases, but not in others. Definitely not the end all be all of nutrition.
  • hellcow 8 hours ago
    This is too bad. Beyond and Impossible opened up the door to me gradually becoming vegan. It was similar enough to real meat that I didn’t miss meat anymore, and from there I found other substitutions which were healthier. Without them I’m sure I never would have started a plant-based diet.
    • gonzalohm 8 hours ago
      What have you substituted cheese with? It's one of my favorite foods but no substitute has come close to it
      • socalgal2 3 hours ago
        What kind of cheese? If you want something strong like blue cheese you can try fermented tofu

        https://en.wikipedia.org/wiki/Fermented_bean_curd#/media/Fil...

        I haven't tried it as a blue cheese sub dressing but if I just taste it on my chop sticks I feel it's at least in the same general direction. I'm pretty confident I could blend it into a a dressing or put it on a burger as a blue-cheese substitute.

      • hellcow 5 hours ago
        Sad truth is there isn’t a real substitute. You just eat it less and desire it less over time.

        Unrelated to cheese but MyBacon is fantastic if you can get it near you.

      • mdaniel 3 hours ago
        Including Miyoko's? https://www.miyokos.com/products/fresh-plant-milk-mozzarella...

        Damn shame about the corporate drama, so it's possible the formula could/might change but the products were outstanding for the problem they're trying to solve the last time I tried them

        • leptons 2 hours ago
          I love Miyoko's products, their oat butter is amazing, I use it daily.
      • angry_moose 7 hours ago
        Violife is probably the best for shredded (mozzarella/cheddar) but its still not great.

        I really like Field Roast Chao slices for things like burgers or sandwiches.

      • JumpCrisscross 2 hours ago
        > It's one of my favorite foods but no substitute has come close to it

        Why do you want to? Lactovegetarianism is far more precedented than veganism.

        • jurip 2 hours ago
          Cheese uses lots and lots of milk. There are questions of ethics (the treatment of dairy cows is often less than stellar) and carbon footprint (cheese is worse than pork, for example.)

          I'd really love to see some good alternatives, too. I don't really expect to give up all cheese anytime soon, but having a substitute for at least some of it would be helpful.

          • jjani 11 minutes ago
            > cheese is worse than pork, for example

            Such figures are usually "per gram of protein", in which case, sure. Thing is, it's very common for people to eat 200+ grams of pork in one meal, whereas e.g. grated cheese on a pasta dish is <10g. A big slice of cheese is 25-28g, and half the time it's significantly less than 100% actual cheese, with a good amount of filler. The only cheeses that one might eat 50g+ of in one sitting are extremely mild ones like mozzarella, and those are the easiest to replace.

      • im_down_w_otp 8 hours ago
        I replaced it with insatiable yearning. It's not as good, but it's all I've got.
      • AareyBaba 1 hour ago
        Nutritional yeast has cheese like flavor.
      • unsnap_biceps 7 hours ago
        https://kite-hill.com/products/chives-cream-cheese is a great option for bagels. I prefer it to normal cream cheese.
      • e40 8 hours ago
        Vegan cheese is made from cashews. If you’re in the Bay Area try Arizmendi’s vegan pizza. Surprisingly good.
  • mdaniel 3 hours ago
    I know this is about Beyond but I figure the audience that would care about this article would be interested in looking at Juicy Marbles: https://juicymarbles.com/collections/all-products

    I've tried the thick cut filet and just like you're not going to mistake Impossible for actual burger, so too with the filet but it's a good texture and does help fill the longing for steak for me

    • Klonoar 6 minutes ago
      Juicy Marbles is legitimately the best plant-based replacement if you're interesting in smoking/BBQ'ing on a grill. I use them for pot-lucks with people.
    • JumpCrisscross 2 hours ago
      Ingredients make it look like engineered soy. Is there a secret sauce to making it better than meat for someone who doesn’t have that level of ethical granularity?
  • mawadev 2 hours ago
    Over here, beyond meat is simply more expensive than just buying meat. On top of that, it feels like you eat pure ultra processed product magic chemistry and thats not good. So who exactly is the target audience for that? I'd totally buy it, if it competes with meat prices by being cheaper and if there wasn't so much effort into trying to look like meat and taste like meat, which goes against the entire premise.
    • intothemild 2 hours ago
      My vegetarian wife won't touch the stuff, or any meat substitute. It's too much like meat.

      I always believed these things are like nicotine patches/chewables/etc.

  • socalgal2 4 hours ago
    My experience with Beyond (~4 years ago), was that it wasn't as good as Impossible. Impossible seemed like meat, Beyond seemed like nuts mashed into paste.
    • Pikamander2 1 hour ago
      Yeah, I never understood the hype for Beyond's products. They must have just had great marketing or something because their meat barely tasted any better than any other frozen veggie burger.

      Impossible Foods was always more impressive, both from a taste and scientific perspective. They invested hundreds of millions of dollars into cutting-edge food science, including a new plant-based heme production process. That's in contrast with much of their competition (like Morningstar, or countless other brands) who just slapped together some bean paste and spices and called it a day.

  • da-x 4 hours ago
    Boy, the C-suite that sold in the 2019-2021 peak at $150 a share knew what they were doing.
  • epolanski 1 hour ago
    So if I buy their very cheap convertible bond, they either repay it (they won't) or they give me lots of equity?
    • aembleton 4 minutes ago
      Or you take a hair cut if the majority of bond holders agree.
  • crinkly 2 hours ago
    Im not surprised. It doesn’t really fit anywhere.

    I’m a vegetarian and have been for about 30 years. None of the fake meat really appealed to me. I don’t factor anything that looks or tastes like meat into my diet. The same is true of other long term vegetarians that I know. I did try the products and they were “meh”.

    It suspect it mostly appealed to meat eaters who felt a little guilty about it due to marketing and social pressure. But the expense and the general inferiority of their products was enough for it to wear off quickly. I don’t blame them for not bothering.

    I will add I’m not a strict vegetarian - I’ll eat meat in places where it’s not socially understood what vegetarians are. Arguing with some guy in the middle of nowhere in Central Asia about the chunk of horse you just got served isn’t productive. Whatever you want to do is fine.

  • angry_moose 8 hours ago
    I've been vegetarian for about 8 years and won't buy them and try to avoid them in restaurants because they're too meat-like. Unfortunately they've made good non-fake meat vegetarian burgers (black bean, wild rice, etc) harder to find.

    It's a situation of "You know that thing you don't eat, don't like, and don't have cravings for anymore? We made something that tastes exactly like it. You're going to love it!"

    I'm glad they existed when I first went vegetarian as they made the transition easier, but its a tough market when people will go off them in a couple years.

    • ignormies 7 hours ago
      I'll echo what some of the other commenters have stated:

      I'm not vegan nor vegetarian, but I definitely align with many of the reasons that one would choose to be so. There are environmental and animal welfare concerns with the meat industry that simply cannot be ignored.

      With that in mind, I try _choose_ a non-meat-based option when it's feasible. I do my best to vote with my dollar. Beyond Meat and Impossible have made this option available significantly more often in the past couple years.

      When I shop for meat at the grocery store to cook at home, I've effectively stopped buying "real" meat for my standard meals. Unless I'm cooking some special or something specific, I simply buy Beyond Meat/Impossible for my standard meals. The same applies when eating out -- if there's a meat alternative, I will go for it (even absorbing the $2-3 upcharge).*

      This is not to say that I _only_ go for the meat-alternative-based non-meat dishes. I often go for a tofu or mushroom alternative too. I don't even think Beyond Meat/Impossible taste _like_ the meat they're trying to substitute -- they're just simply good, meat-y, protein-y, umami-y flavors that I simply can't get enough of.

      The more options there are for people like me the better. My diet has been able to shift closer and closer to removing meat entirely, but it doesn't have to be an all-or-nothing battle. I just want to eat _less_ meat, not _no_ meat.

      * One thing that's frustrating to me as someone that's not _actually_ a vegetarian/vegan is that restaurants often make the assumption that if I'm choosing the meat-alternative, then I must be vegetarian or vegan. No, I still want the cheese or the dairy, or even the meat (e.g.: an Impossible Cheeseburger with real bacon is still delicious). I'm trying to reduce, not _eliminate_, meat from my diet.

    • subscribed 8 hours ago
      I'm not a vegetarian and I buy them exactly because they're meat-like.

      You're literally not supporting a company which, as you admit, made your life more pleasant. And might potentially do so for others.

      I'm confused.

      • angry_moose 8 hours ago
        Because after 8 years the idea of eating meat has no remaining appeal and is switching more to mild revulsion. Why would I order a substitute that is a close copy of that?

        I'll still get them if there's literally no other vegetarian option on the menu, but that's rare.

    • transcriptase 8 hours ago
      There’s no way to say this without sounding like an asshole but perhaps in 8 years your memory of what meat is like has drifted. I only say that because the rest of us wish the fake stuff was remotely comparable in taste and texture.
      • jahsome 8 hours ago
        Both can be true. I think they try desperately to be meat, and they fail miserably.
        • DangitBobby 7 hours ago
          I both remember the taste of meat and wish meat alternatives would taste like it, and I think Impossible and Beyond are both very successful at that.
          • jahsome 7 hours ago
            For me, it's an uncanny valley thing. It's close, but missing something small and intangible which leaves me ruminating on the "fakeness."
    • joelrunyon 3 hours ago
      If you didn't like that, the CEO of impossible foods is now proposing a 50/50 burger (50% fake meat, 50% meat) - https://x.com/joelrunyon/status/1936183159491584134

      https://www.wsj.com/business/retail/impossible-foods-growth-...

      • pmg101 3 hours ago
        Sounds mad but it could work.

        People seem inclined to buy hybrids over full EVs which is a comparable situation.

    • JoshTriplett 3 hours ago
      > You know that thing you don't eat, don't like, and don't have cravings for anymore?

      That is not everyone's experience with being vegetarian.

    • leguminous 7 hours ago
      I've been vegetarian for a long time and I still think Beyond burgers are great. I have a pack of them from Costco in the freezer. I like black bean burgers, too, but Beyond burgers taste like my (distant) memory of a "normal" burger.

      In any case, I assume Beyond was relying on getting more market penetration past just vegetarians and vegans. There just aren't enough of us to get to the revenue they seem to be targeting. Personally, I'll be disappointed if they end up disappearing.

      • jsbisviewtiful 5 hours ago
        Was a vegetarian for about 8 years and now a pescatarian. We practically always have some Beyond products in our house and will order them at restaurants. Losing Beyond products would be a huge bummer.
    • gonzalohm 8 hours ago
      Why do you assume people will stop consuming them after a few years? I think most people enjoy the taste of meat but are concerned about the environmental implications of consuming meat.

      I would replace all animal products if they tasted like the real thing. I'm sorry but tofu is not cheese

      • bluefirebrand 7 hours ago
        > I think most people enjoy the taste of meat but are concerned about the environmental implications of consuming meat.

        I don't think most people think about the environmental implications of consuming meat even remotely

      • drewg123 7 hours ago
        Indeed. I've been vegan for nearly 5 years, and I still miss meat. Beyond and Impossible make being vegan tolerable for me.
      • joelrunyon 3 hours ago
        Do you care about the ethical implications of the business practices of the brands you're supporting?

        https://x.com/joelrunyon/status/1927531529883762920

    • drewg123 7 hours ago
      I'm just the opposite.

      I'm a vegan who loves & misses the taste of meat. Without Beyond (and Impossible), it would have been way harder for me to have become vegan. I think black bean burgers are disgusting. When picking a restaraunt for a team dinner with non vegans, I specifically look for menus that offer Impossible or Beyond, and I avoid restaurants that offer homemade bean/pea/etc burgers.

  • findthewords 1 hour ago
    Plant-based protein will not succeed as long as government subsidize meat production.
  • 8f2ab37a-ed6c 8 hours ago
    Wish their products had less fat in them. They're tasty, but nutritionally they're a whole lot of canola oil.
    • mdaniel 3 hours ago
      Their newest release uses avocado oil, fwiw: https://www.beyondmeat.com/en-US/products/beyond-beef/ground...
      • JumpCrisscross 2 hours ago
        Is anyone really pretending these are healthier than a grass-fed beef patty? Or cooked vegetables?

        The health pitch on these products has always struck me as incredibly weird.

        • onli 1 hour ago
          Yes. Meat consumption is not exactly healthy. It's absolutely plausible that replacing it with something like this is a net plus.

          That "grass-fed beef" is like a healthy standout is an unsubstantiated myth.

  • p1dda 2 hours ago
    Glad to see that people are still able to think for themselves. Nobody wants to eat this toxic sludge!
  • northhnbesthn 8 hours ago
    Not a customer but it’s a shame it’s not working out for them. I’m sure they have people who would enjoy it but the feedback I’ve heard was mostly negative with respect to quality of ingredients and the like.

    At this stage if they scaled back would they stand a chance to survive? Or do they owe too much money?

    • dgrin91 8 hours ago
      They owe way too much. The article actually touches on this - they have such little hope of paying back their debt that they are leaning into this so that they can get better renegotiation terms with bond holders
  • SoftTalker 8 hours ago
    It’s always been awful IMO. Tastes like sawdust with a congealed vegetable oil binder and chemical flavorings that approximate meat. A straight up bean burger is better and far less processed.
    • drewg123 7 hours ago
      Its way better than a bean burger IMHO. As a vegan, what I like most about Beyond burgers are that they are consistent, and pretty amazing at not being awful. If I'm in a random restaurant with a few token vegan options, the last thing I want to do is take a chance on some potentially terrible homemade bean or chickpea burger. If they have Beyond or Impossible, I know exactly what I'm getting.
      • DangitBobby 7 hours ago
        Absolutely better than the crappy black bean or chickpea patties you'd get at most burger joints. I'd much rather have Beyond or Impossible at a cookout as well.
      • linsomniac 7 hours ago
        Our local drive in movie theater (remember those) offers various meal options including burgers, and I've taken to ordering the Impossible there because somehow several times in their beef burgers I've gotten significant bone chunks, to the extent that I was surprised I didn't break a tooth on them.
    • fnordlord 7 hours ago
      It could have to do with how they're prepped. Even the real thing can taste like sawdust and grill marks if done incorrectly. I'm personally biased towards veggie burgers and prefer them over the real thing but in the last year, I've been to multiple cookouts where both "burger dudes" and kids have chosen beyond over meat.

      I agree that the level of process is questionable but, if done well, I don't think it lacks in flavor.

    • octo888 8 hours ago
      Right! Beyond awful
    • msgodel 3 hours ago
      I bought one of these by mistake during the pandemic and immediately gagged trying to eat it. Then checked the label and realized what I had bought wasn't what I thought it was.
  • beej71 8 hours ago
    Last I looked, there was an awful lot of saturated fat in their burgers. I tended to order something other than a veggie burger when their was the only one on the menu.
  • davidw 8 hours ago
    One of the things I've noticed about shopping carefully at the local supermarket (Albertsons, in Oregon) is that they very often use beef as a 'loss leader' to get people to shop there, so beef is often cheaper than it 'should' be, and especially so if more of the externalities involved in the production of beef were included in the price.

    I like beef, but the price probably makes it harder to compete with.

    • toast0 7 hours ago
      Ground beef needs to move quickly, and you've got to sell some to go with the nicer cuts of meat, so it makes sense to sell at low or negative margins.
  • ivraatiems 8 hours ago
    Other faux-meat companies like Impossible seem to be doing better. Maybe Beyond's product is inferior? Personally, I don't choose it over Impossible.
    • wk_end 2 hours ago
      Impossible is good enough that - in the right context, if you squint real hard - you'd be hard-pressed to distinguish it from the real deal. Beyond just isn't there, it still comes off as a weird faux meat.
    • gonzalohm 8 hours ago
      The article says that impossible food has gone down 50% (the stock price)
      • ameliaquining 7 hours ago
        Note that Impossible, unlike Beyond, isn't publicly traded, so the only time anyone knows for sure what it's worth is right after it raises capital. It sounded like the 50% thing was some kind of internal projection.
  • gonzalohm 8 hours ago
    I think the problem is that crappy supermarket meat is really cheap, and most people don't seem to care about the quality of the meat. For those people, it's hard to justify buying a more expensive product that's not even meat.

    I wonder if reducing the price (without selling at a loss) would increase sales enough to offset the lower revenue

    • scythe 7 hours ago
      Part of the reason that cheap meat is cheap is because it's a byproduct of producing nice meat. Chicken thighs are cheap because the chicken seller makes money on breasts. Round is cheap because the cow is paid for with the revenue from brisket and ribeye etc.

      The meat alternatives are a product by itself, and they have to justify their whole supply chain. That's tough.

    • ipnon 8 hours ago
      The crappy supermarket meat is actually incredibly nutritious it just has dubious ethics for an apparently vanishingly small market segment.
      • gonzalohm 8 hours ago
        But it tastes disgusting, it's one of those things where you actually get what you pay
    • anoncow 8 hours ago
      What makes supermarket meat crappy?
      • jabjq 3 hours ago
        Bad cuts, like pork loins that are not fatty.
      • xedrac 7 hours ago
        There is no crappy meat, just meat that isn't prepared well.
        • sandspar 3 hours ago
          There's crappy meat. Have you ever had cheap salmon sashimi? It's completely flavorless, with a rubbery, watery mouthfeel. Conversely have you had expensive salmon sashimi? A delicate umami flavor with a mouthfeel of liquified butter. It's not preparation. They're not the same fish.

          Different subspecies of plant and animal taste different. Farmers have learned to charge more for the ones that taste better.

          You wouldn't say "there's no crappy tomatoes, only crappy preparation." Nah, some tomatoes are simply junk.

          Some of the best food cultures in the world - Italy, France, Japanese - lean much more heavily on ingredient quality than on preparation. Fine dining as a whole revolves around ingredients.

  • Barbing 8 hours ago
    Any employees here, sorry what morale must be like at work (I’d guess) & hope you get great offers elsewhere!
  • sampo 4 hours ago
    How is their competitor Impossible Foods doing? It's a private company, so we can't as easily look at stock prices.
  • coolgoose 2 hours ago
    I am all for eating more vegetables. But putting ultra processed mashed up shit to replace the real thing just sounds like an avenue for disaster health wise.
    • newdee 1 hour ago
      It is, and people seem to ascribe some implicit goodness to these companies because they’re seen as providing an alternative to an implicitly evil industry and degenerate dietary choice. Truth is, they’re running the same game, just with a less wholesome food product.
  • bastawhiz 8 hours ago
    I feel like I'm the ideal customer for Beyond Meat and its competitors. I am not price sensitive, I don't mind the idea of plant based meat products, and I am willing to try new things. My biggest reasons for not buying Beyond Meat are that I:

    1. Would rather not cook, and eating Beyond Meat in a way that's financially meaningful for them as a company means me cooking

    2. If I'm going to put in the effort to cook, I want the result to be something that I have outsized enjoyment for. If I get a middling burger for my trouble, I'm simply not going to care enough to do it.

    The chicken nuggets and popcorn chicken sound the closest to something I can casually heat up, but neither of those are things that would replace something in my existing diet. They have beef and chicken and sausage and all sorts of other stuff, but they're just the meat. They replace an ingredient.

    I buy Jimmy Dean breakfast bowls. I'd happily get ones that used Beyond Meat. I buy frozen noodle and pasta meals: same deal. Sandwiches. Chicken salad. Soup. I'm struggling to think of a single product that I can swap out for a Beyond Meat alternative.

    I don't need every bit of meat that I consume to even be especially good. But if it's only just fine and it's not convenient, I'm just not going to get it. If it was cheaper, I might consider. Or if it was more nutritious. Or if it was more filling than regular meat (or less filling, even). Or if I felt strongly about the plant based products that I buy being a somewhat compelling meat facsimile. But there's just nothing that inspires me to pick up any of their products.

  • xedrac 7 hours ago
    I absolutely love beef. A good ribeye steak, or some smoked brisket are two of my favorite foods. I was intrigued by the claims these meat alternative companies were making, so naturally I tried them all. It's not surprising to me that they are struggling. I could barely swallow their products. I think it was a mistake to compare these to one of the greatest foods on the planet. It set the expectation was too high.
    • rgovostes 2 hours ago
      When Impossible was new and only available in burger format at a small number of partner restaurants, I ventured out to SF to try two of them. I concluded that it can make for a genuinely convincing substitute, but the key is preparing it with a sleight of hand to misdirect from the noticeable imitation texture and flavor. Those early burgers were made with thin patties, with flavorful burger sauces and toppings.

      As Impossible expanded beyond their launch partners, they lost their control over the consumer experience. I think many restaurants now serve wretched Impossible Burgers because they just substitute a beef patty and don't try to accommodate the differences.

      If you are savoring it as part of a taste test, it will never fool you; the first impression isn't the takeaway. If beef is not the focal point of the dish, as in their Impossible Mapo Tofu recipe (https://impossiblefoods.com/recipes/impossible-mapo-tofu) or a chili or something, it can slot in pretty well. They are nowhere near substitutes for ribeye steak or smoked brisket.

    • unsnap_biceps 7 hours ago
      They work well enough as a replacement in a fast food burger or in a dish where the meat itself isn't really the star player. Using their ground meat alternatives in a hamburger helper is totally fine.

      We're not at the point where high quality meat can be replaced, but that doesn't mean the product is worthless.

    • oezi 4 hours ago
      > one of the greatest foods on the planet

      Given the amount of animal suffering and environmental destruction involved in beef, this great taste shouldn't be taken so lightly. Everyone should make some effort to reduce its consumption.

    • trhway 6 hours ago
      everybody mostly discusses real vs. imitation/vegan, yet i think it has nothing to do with the current BYND situation.

      "on an operating basis Beyond Meat lost 45 cents from every dollar of sales."

      that is a culprit. Bad management. How else can your plant based product at comparable to meat prices be a loss instead of great profit. Even pure avocados are cheaper than meat. What is better and pricier than avocados do you put into your product? Then it should taste much better than avocados and meat. Yet there is no avocados, it is more like low quality cat/dog food:

      "Key components include pea protein, rice protein, and lentil protein, alongside avocado oil, refined coconut oil, and canola oil. Other notable additions include methylcellulose, potato starch, and apple extract. "

      That stuff at their prices should be super-profitable.

  • phyrex 8 hours ago
    That's disappointing, they've done a great job making plant meat ubiquitous and took away some of the hippy aura that has kept many people from trying plant-based meat alternatives. I really hope they can turn it around, both selfishly as a happy customer, as well as for the planet.
  • paulcole 8 hours ago
    I don’t eat meat but enjoy their products at least once a week, sometimes more. Very tasty, available nearly everywhere.

    I don’t care about the nutrition/health of it at all.

    Hope they can turn things around!

  • pengaru 4 hours ago
    Just another processed food product, good riddance.
  • ggm 3 hours ago
    Vegetarians and Vegans turn out to prefer less UPF dominant protein in their diet?

    Plus, they apparently lost 45c in every $1 of sold product.

    Quorn, allergy issue noted, continues. Growing edible fungi in tanks using classic bioreactor methods works, is economically sustainable. TVP likewise. 1960s tech which works at scale.

    Me? I liked eating it a bit. I like eating flesh and organ meat, fowl and fish a lot. A lot beats a bit. I like inari sushi too. So it's not I dislike the veg alternatives.

  • joelrunyon 4 hours ago
    Impossible Foods is not doing much better - the numbers are just less public but you can find a lot if you dig - https://x.com/joelrunyon/status/1931091407294312956

    They're also spending enormous amounts of time & money suing creators for their trademarks (sort of a bad-look if your stated mission is to "save the planet")