The use of food processing steps, where plant ingredients are heated, cooled and exposed to pressure, has attracted some criticism. Nutritionally, the Beyond Burger patty has 20 grams of protein and approximately 20 grams of fat, which are levels comparable to a beef patty. Plant-based ingredients were then arranged to mimic the protein and fat structures in beef burgers.
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Research by the Beyond Meat team on how to replicate aspects of beef with plant-based ingredients has involved placing traditional hamburgers into an MRI machine to micro-analyse how the proteins and fats are assembled. Lab technicians at the Beyond Meat research and development lab in El Segundo, California, are trained meat sommeliers. and A&W includes brown rice and mung bean proteins for taste and texture that resembles meat. Potato starch and coconut oil help create juiciness. The main ingredients in the original Beyond Burger are pea protein, beet coloring, and beet juice to give the essence of “blood”. Water, Soy Protein Concentrate, Coconut Oil, Sunflower Oil, Natural Flavors, 2 or less of: Potato Protein, Methylcellulose, Yeast Extract, Cultured Dextrose, Food Starch Modified, Soy. In 2018, Beyond Meat and its competitor Impossible Foods both won the United Nations ’ Champions of the Earth Award in the category of Science and Innovation.
Morgan and Credit Suisse as lead managers as well as BofA Merrill Lynch and Jefferies and William Blair as co-manager.Īs of April 2019, Beyond Meat was not making a profit but had seen an increase in revenue from $16.2 million in 2016 to $87.9 million in 2018. Book-running managers for the offering included Goldman Sachs & Co. The company is listed on the Nasdaq under the ticker symbol BYND and began trading in May 2019. In April 2019, ahead of going public, Beyond Meat increased the size of its shares and planned to offer 9.5 million shares at $23-25.
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On July 23, 2018, Beyond Meat received the non-GMO verification from the Non-GMO Project after a year-long verification process. Beyond Meats goal in creating The Beyond Burger was to provide the full 360 mouth-watering, juicy, and delicious experience of beef but without so many of. Plant-based meat products made by Beyond Meat are a combination of soy and vegetable proteins. In April 2013, Whole Foods began selling plant-based meat products across the United States made by Beyond Meat.
Brown grew up on a dairy farm in Western Maryland and previously pursued a career in clean energy, where he learned about the impact of livestock on climate change. Beyond Meat was founded in 2009 by Ethan Brown and is based in Los Angeles, California. Beyond Meat makes plant-based meat alternatives such as burgers, sausages, chicken strips, and ground beef.
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