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Beyond Meat Comes to Ireland

2

Comments

  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    Unearthly wrote: »
    It's a burger, people don't expect to look like Thor /Wonder Woman after consuming it....

    Again not the point of the comment made. But whatever it's simply junk food at the end of the day ...


  • Registered Users Posts: 4,939 ✭✭✭goat2


    I don't like any of the products that are made to resemble meat, would rather just go veg, and anyway beans and lentils can provide the protein as far as I know,
    I do find meat hard to digest,
    Is this because we are supposed to be a mainly veg eating species I wonder


  • Registered Users Posts: 755 ✭✭✭davidjtaylor


    So they're made in the US, flown to UK to be packed & then sent to Ireland to be sold.
    And this is more environmentally sustainable choice??????

    Those who don’t care might eat them; those who do might not. This is not an exclusively veg*n situation.


  • Closed Accounts Posts: 342 ✭✭VeryTerry


    gozunda wrote: »
    The ingredient list alone would make me run a mile. Tbh I reckon the novelty factor with these types of 'vegan' foods won't stand up to any real change in the dietary preferences for the majority of people

    What's on the ingredient list that would make you run a mile?


  • Registered Users Posts: 8,215 ✭✭✭jh79


    Any of the vegans on here bothered by the use of animal testing to determine the safety of the additive used to mimic bleeding?


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  • Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,082 Mod ✭✭✭✭Tar.Aldarion


    For the impossible Burger? Yes, doubly so as it was not mandatory testing, they just did it to seem more legitimate for non-vegans, which i can understand if not agree with.


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    VeryTerry wrote: »
    What's on the ingredient list that would make you run a mile?

    Tar posted a photo of the ingredient list.
    Take a look yourself.

    https://i.imgur.com/eoExYcs.jpg

    Personally I wont buy or eat any food with that amount of highly procesed ****e and additives.


  • Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,082 Mod ✭✭✭✭Tar.Aldarion


    Yeah looks very scary, that's why I avoid bananas, look at all those ingredients!

    ingredients-of-a-banana-poster-4.jpeg


  • Registered Users Posts: 2,463 ✭✭✭loveisdivine


    I had the sausages when we were over camping in California. Honestly, they were so meat like that I found them a bit off putting. They had that fatty/greasiness that meat sausages have. Taste was lovely in fairness, but I just felt a bit greasy after.


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    Yeah looks very scary, that's why I avoid bananas, look at all those ingredients! ...

    Joke? Lol. Dont think there is any need to be disingenuous though about what is in effect highly processed junk food!

    I would of thought that vegans above all understand the benefits of "plant based whole foods". Something the beyond meat frankenburger ain't. Maybe I've picked it up all wrong ;)

    But then if this type of stuff is being offered up in the hope of attracting those whose diets already contain similar foods it's all a bit hypocritical tbh. Good marketing ploy though.

    Looking at who is pushing this stuff is more worrying still ...


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  • Registered Users Posts: 17,837 ✭✭✭✭silverharp


    I remember checking the price and its the equivalent of about 30 euros per kg which is silly money compared to standard ground beef. Its hardly going to fly off the shelves

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • Registered Users Posts: 849 ✭✭✭nervous_twitch


    gozunda wrote: »
    Joke? Lol. Dont think there is any need to be disingenuous though about what is in effect highly processed junk food!

    I would of thought that vegans above all understand the benefits of "plant based whole foods". Something the beyond meat frankenburger ain't. Maybe I've picked it up all wrong ;)

    But then if this type of stuff is being offered up in the hope of attracting those whose diets already contain similar foods it's all a bit hypocritical tbh. Good marketing ploy though.

    Looking at who is pushing this stuff is more worrying still ...

    Why are you insisting that every vegan has chosen their diet for reasons of health or well-being? The reasons for choosing a plant-based diet are multitude. Animals (ethical) and environmental concerns I imagine are the priority of many. Vegans can enjoy poor quality food just as much as the next guy! Not that I see anything particularly alarming in the Beyond ingredient list.


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    Why are you insisting that every vegan has chosen their diet for reasons of health or well-being? The reasons for choosing a plant-based diet are multitude. Animals (ethical) and environmental concerns I imagine are the priority of many. Vegans can enjoy poor quality food just as much as the next guy! Not that I see anything particularly alarming in the Beyond ingredient list.

    Nope not so. First these products will be eaten by all types of people - vegan and otherwise. My criticism is of the food not those who may eat it.

    Many people's diets include ethical and environmental concerns. Highly processed and packaged foods ain't environmental either.

    These products are highly processed junk -
    Nothing more imo. Thats it really ...


  • Registered Users Posts: 8,215 ✭✭✭jh79


    gozunda wrote: »
    Nope not so. First these products will be eaten by all types of people - vegan and otherwise. My criticism is of the food not those who may eat it.

    These products are highly processed junk -
    Nothing more imo. Thats it really ...

    But junk food can be part of a balanced diet too. All depends on the quantity in your diet. The additives aren't the issue anyways its the levels of salt and sugar and fat.

    Are you advocating a "clean eating diet" (think that is the term used).


  • Registered Users Posts: 4,939 ✭✭✭goat2


    gozunda wrote: »
    Tar posted a photo of the ingredient list.
    Take a look yourself.

    https://i.imgur.com/eoExYcs.jpg

    Personally I wont buy or eat any food with that amount of highly procesed ****e and additives.

    too many ingredients I don't know of.
    What is celloluse, Methycellulose, gum Arabic,
    There is a huge list of ingredients there, and what fat is the saturated, is that palm oil


  • Posts: 5,917 ✭✭✭[Deleted User]


    DubInMeath wrote: »
    Anyone got the barcode for these? Local Tesco don't have them but will order them in for my other half if we can provide the barcode

    Cheers.
    Here you go, strange that they would ask for that though, they sure would know themselves.

    eoExYcs.jpg

    Cheers, manager that she talked to hadn't heard of them and their always low on vegan quorn etc in our local. They don't even carry their own brand free from cheeses.


  • Posts: 5,917 ✭✭✭[Deleted User]


    DubInMeath wrote: »
    Anyone got the barcode for these? Local Tesco don't have them but will order them in for my other half if we can provide the barcode

    Cheers.
    Here you go, strange that they would ask for that though, they sure would know themselves.

    eoExYcs.jpg

    Cheers, manager that she talked to hadn't heard of them and their always low on vegan quorn etc in our local. They don't even carry their own brand free from cheeses.


  • Registered Users Posts: 755 ✭✭✭davidjtaylor


    goat2 wrote: »
    too many ingredients I don't know of.
    What is celloluse, Methycellulose, gum Arabic,
    There is a huge list of ingredients there, and what fat is the saturated, is that palm oil

    I agree, it’s all a bit industrial for my liking, but fair play to them all the same if it reduces overall animal use a little.

    As for saturated fat, that’s most likely the coconut oil. Palm oil isn’t listed.


  • Registered Users Posts: 8,215 ✭✭✭jh79


    goat2 wrote: »
    too many ingredients I don't know of.
    What is celloluse, Methycellulose, gum Arabic,
    There is a huge list of ingredients there, and what fat is the saturated, is that palm oil

    Plant fiber and tree sap. Probably to give texture and bind it together.


  • Registered Users Posts: 729 ✭✭✭spectre


    I've had these lately - outstanding burger imo.

    Maybe It's just been so long since I had a beef burger but I thought it was a good enough imitation to fool people.


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  • Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,082 Mod ✭✭✭✭Tar.Aldarion


    Cnbc article on it: https://www.cnbc.com/2019/01/21/how-bill-gates-backed-vegan-beyond-meat-is-winning-over-meat-eaters.html

    How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that ‘bleeds’




    In 2018, U.S. consumers ate roughly 13 billion burgers, according to data from consumer trends market research company NPD Group. And burgers are consistently one of the most popular items on menus across the country.

    Yet eating too much red meat can increase your risk of everything from heart disease to certain cancers, and the beef industry has a huge impact on the environment.

    Still, people love it.

    So what is it about burgers? Maybe it’s the juiciness people can’t resist, or that distinctive savory umami flavor. Maybe it’s the American-ness of it all.

    Plant-based “meat” producer Beyond Meat is betting on it: The company is taking on the beef burger with Beyond Burger, a vegan veggie-based patty that is meant to look, cook, taste and even “bleed” like red meat, but that is healthier and more sustainable.

    “The burger is something people love,” Ethan Brown, founder of Beyond Meat, tells CNBC Make It. “And so we went after that core part of the American diet.”

    It’s working in a big way.

    The company has famous investors like Bill Gates, Leonardo DiCaprio and even former McDonald’s CEO Don Thompson and America’s largest meat processor, Tyson Foods.

    And since their debut at Whole Foods in May 2016, Beyond Burger patties have made their way into tens of thousands of supermarkets (from Kroger and Safeway to Whole Foods), restaurants (from TGI Friday to Carl’s Jr.), hotels (like The Ritz Carlton, Hong Kong) and even sports stadiums (like Yankee Stadium).

    Beyond Meat says it has sold 25 million Beyond Burgers worldwide. The company recently filed for an IPO and is reportedly worth more than half a billion dollars.

    A vegan burger that ‘bleeds?’
    Just don’t call Beyond Burger a veggie burger. It may be 100 percent plant-based (and GMO-, soy- and gluten-free), but this vegan patty is meant for meat-eaters too.

    ”[W]e’re reaching mainstream consumers that are interested in healthier forms of meat,” Brown tells CNBC Make It.

    To accomplish a juicy, meat-tasting product that carnivores will crave, Beyond Meat biophysicists figure out, at a molecular level, what it is that makes meat taste and behave like meat. They then identify plant materials that behave the same way, to replicate it.

    So “we like to think of meat, not from its origin — say from a chicken or a cow — but in terms of ... the proteins, the carbohydrates, the lipids, the minerals and vitamins, all of which are available — except for cholesterol — in the plant kingdom,” says Beyond Meat biophysicist Rebecca Miller.


    The lab technicians at Beyond Meat’s research and development lab in El Segundo, California, are even trained meat sommeliers, and they are constantly innovating on the product.

    The main ingredients in the original Beyond Burger are pea protein, beet coloring and beet juice to make it “bloody,” and potato starch and coconut oil to create juiciness. Beyond recently launched its 2.0 burger (available only at Carl’s Jr. and A&W restaurants for now), which also includes brown rice and mung bean proteins, for a meatier taste and texture, according to the company’s website. Each 4-ounce Beyond Burger patty has 20 grams of protein and about 20 grams of fat, which is comparable to a beef patty.

    Many are huge fans of Beyond Burger, which like a beef burger, can take grill marks, cooks slightly pink in the middle and releases juices when you bite in.

    “It’s so meaty, it’s almost kind of freaky,” says vegan mom Erin Landry on her @mrs.modernvegan Instagram, after trying Beyond Burger at a Carl’s Jr. drive through.

    “I’m not vegan ... but I promise, this is actually really good,” says meat-eating music producer That Orko after taste-testing Carl’s Jr. Beyond Burger on pop singer Miss Krystle’s YouTube channel.

    Two CNBC Make It staffers who tried Beyond Meat products also liked the burger but were even more impressed with its Beyond Sausage. “The burger is very tasty,” but the sausages, “they could be real,” says producer Mary Stevens.

    Still, Beyond Burger is processed (the plant ingredients are put through heating, cooling and pressure to turn them into a meaty substance), no more than vegan junk food, say some critics. ( “It’s a process we’re proud of, and one we feel consumers are more comfortable with vs. the process of traditional livestock production,” says Allison Aronoff, Beyond Meat’s senior communications manager.)

    And although eating a plant-based “meat” is healthier than read meat in many ways, it can be higher in sodium than beef, says dietitian Jen Bruning. (One Beyond Burger patty has 380 milligrams of sodium according to the company website; for comparison, Wegmans 80/20 ground beef patties have 90 milligrams per patty; the average fast food single patty burger has 378 milligrams of sodium.)

    Beyond big business
    Whatever your burger pleasure, targeting meat-eaters is a smart move — there are way more of them than there are vegans and vegetarians. Only 5 percent of Americans identify as vegetarian and 3 percent vegan, according to a 2017 Gallup poll. Those numbers haven’t changed much in the last decade or so.

    Brown says the company found that 93 percent of the consumers in conventional grocery stores that are buying a Beyond Meat product are also putting animal meat their basket. “So they’re buying not only plant based meat, but they’re buying animal meat and that’s a really important breakthrough for us,” Brown tells CNBC Make It.

    One tipping point in bringing plant-based “meat” to the masses has been the increase in product quality thanks to brands like Beyond Meat, James Kenji López-Alt, chef/partner at Wursthall restaurant in San Mateo, California, tells CNBC Make It.

    “Tens of millions of dollars have been invested into researching this product and making it better and making it more real meat-like. And I think we are ... 99 percent of the way there,” he tells CNBC Make It. “It’s close enough that people eating it enjoy it the same way that they enjoy actual ground beef.”

    Plus, he says, prices have “reduced drastically” to about the same amount as meat. (At Bareburger restaurant in the Hell’s Kitchen neighborhood of New York City, a Beyond Burger costs $12.95 and a comparable beef burger is $11.99. At the grocer, Beyond retails for about $5.99 for two patties, while four Wegmans patties retail for about $5.44 online.)

    All this has made Beyond Meat big business.

    Beyond Meat products are in more than 32,000 grocery stores, including Kroger, Safeway, Publix, Target and Wegmans. And Beyond Burger has menus from Fridays and Del Taco to Hamburger Mary’s Bar and Grill to upscale Brasserie Ruhlmann in New York City; they’re served at universities from Ohio State to Harvard and even theme parks like Legoland.

    While TGI Fridays declines to share sales data, its senior director of food and beverage innovation David Spirito tells CNBC Make It that Fridays has guests saying they came to Fridays specifically for the Beyond Burger.

    And burgers are not the only plant-based “meat” Beyond Meat sells. It also sells sausage, chicken strips and beef crumbles, and has other products in the works.

    “We want to make bacon, we want to make steak, we want to make the most intricate and beautiful pieces of meat,” says Brown.

    In November, Beyond Meat filed for a $100 million initial public offering, reporting a 167 percent increase increase in revenue (to $56.4 million) for the first nine months of 2018 from the same period in 2017.

    The company has grown from a $4.8 million valuation in 2011 to $550 million in November 2017, when Beyond Meat closed its latest ($55 million) round of funding, according to private market data company PitchBook. In addition to Gates, DiCaprio and Tyson, notable investors include Twitter co-founders Biz Stone and Evan Williams, Honest Tea founder Seth Goldman, venture capital firm Kleiner Perkins and the Humane Society of the United States.

    Patties with a purpose
    But plant-based meat is not only lucrative, it’s good for the environment.

    Beyond Meat was started in 2009 by Brown, who was once a carnivore, but growing up around his family’s farm in Western Maryland had an impact.

    “I spent a lot of time there with dairy cows, so I was very close to animals growing up, loved them and was fascinated by them.”

    Passionate about the environment, Brown pursued a career in clean energy to help mitigate the effects of climate change. “But I began to realize that livestock had a larger contribution to the climate than many other things that I was working on in terms of the emissions,” he tells CNBC Make It.

    Indeed, 3 percent of U.S. greenhouse gas emissions come from methane emitted from cows. And it takes an average 308 gallons of water to produce just 1 pound of beef, according to the USDA. Raising livestock for meat and dairy also depletes farmland.

    In fact, eliminating or reducing consumption of such products “is probably the single biggest way to reduce your impact on planet Earth, not just greenhouse gases, but global acidification, eutrophication, land use and water use,” said University of Oxford’s Joseph Poore, co-author of a recent study analyzing the environmental damage of farming.

    Producing Beyond Burgers uses 99 percent less water, 93 percent less land, creates 90 percent fewer greenhouse gas emissions and requires 46 percent less energy than producing beef burgers, according to a September report commissioned by Beyond Meat. The report, which measures the environmental impact of a quarter pound Beyond Burger as compared to a quarter pound U.S. beef burger, was conducted by the Center for Sustainable Systems at University of Michigan.

    And of course, plant-based “meat” production does not entail any inhumane treatment of animals, something that plagues factory farming.

    For all these reasons, in 2018, Beyond Meat was a co-winner of the United Nations’ Champions of the Earth Award, in the Science and Innovation category. The other winner? Impossible Foods.

    Battle of the burgers
    Beyond Meat isn’t the only plant-based “meat” game in town. Impossible Foods, which launched in 2011 and is headquartered in Redwood City, California, also makes its products entirely from plants.

    Impossible Burger uses heme, a genetically engineered iron-containing molecule for the taste and aroma of meat. It is available at White Castle (the $1.99 slider) and at other restaurants in the U.S. and Hong Kong, and the company plans to hit grocery stores this year. Actor Kal Penn (who appropriately starred and “Harold and Kumar go to White Castle” — pre-vegan sliders) and Microsoft co-founder and billionaire Bill Gates have invested in the company. Impossible Foods was valued at $350 million in January 2018, according to Pitchbook.

    Another emerging company in the space, San Francisco-based Memphis Meats, is growing animal meat in the lab. Launched in August 2015, Memphis Meats has raised money (reportedly over $20 million) from the likes of Gates and Richard Branson. Unlike Beyond Meat and Impossible Foods, Memphis Meat uses harvested animal cells to grow its product, which is known as called “clean meat.”

    But Brown says Beyond Meat’s biggest competitor “really [is] the meat industry itself.”

    U.S. retail sales of plant-based “meats” grew by 24 percent in 2018, while animal meats grew by just 2 percent, according to Nielsen data commissioned by the Plant Based Foods Association. The market for meat substitutes is expected to grow to $6.4 billion worldwide by 2023. And Brown and others believe alternative meats are the future.

    “In 30 years or so, ... I think that in the future clean and plant-based meat will become the norm, and in 30 years it is unlikely animals will need to be killed for food anymore,” Branson wrote in a blog post in February.

    David Lee, Impossible Food’s chief operating officer and chief financial officer agrees. “Pat Brown [Impossible Foods founder and CEO] puts it very nicely,” Lee tells CNBC Make It. “He says, ‘You know, one day children everywhere will look up at their parents and say, “What? You used to eat meat from animals? How strange.”’

    Lee says the goal is to give meat-eaters everywhere “something that tastes better but it’s better for them, that is better for the environment.”

    It’s the goal of Beyond Meat as well.

    “Someday, I think plant-based meat will overtake animal protein as the main source of meat,” Brown tells CNBC Make It. “I do believe it will happen in my lifetime.”



  • Registered Users Posts: 7,981 ✭✭✭Unearthly


    Wonder when their other products will make it here. I know in the states they have sausages and chicken


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    Cnbc article on it: https://www.cnbc.com/2019/01/21/how-bill-gates-backed-vegan-beyond-meat-is-winning-over-meat-eaters.html

    Quote:How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that ‘bleeds’
    In 2018, U.S. consumers ate roughly 13 billion burgers, according to data from consumer trends market research company NPD Group. And burgers are consistently one of the most popular items on menus across the country.

    Yet eating too much red meat can increase your risk of everything from heart disease to certain cancers, and the beef industry has a huge impact on the environment.

    Still, people love it.

    So what is it about burgers? Maybe it’s the juiciness people can’t resist, or that distinctive savory umami flavor. Maybe it’s the American-ness of it all.

    Plant-based “meat” producer Beyond Meat is betting on it: The company is taking on the beef burger with Beyond Burger, a vegan veggie-based patty that is meant to look, cook, taste and even “bleed” like red meat, but that is healthier and more sustainable.

    “The burger is something people love,” Ethan Brown, founder of Beyond Meat, tells CNBC Make It. “And so we went after that core part of the American diet.”

    It’s working in a big way.

    The company has famous investors like Bill Gates, Leonardo DiCaprio and even former McDonald’s CEO Don Thompson and America’s largest meat processor, Tyson Foods.

    And since their debut at Whole Foods in May 2016, Beyond Burger patties have made their way into tens of thousands of supermarkets (from Kroger and Safeway to Whole Foods), restaurants (from TGI Friday to Carl’s Jr.), hotels (like The Ritz Carlton, Hong Kong) and even sports stadiums (like Yankee Stadium).

    Beyond Meat says it has sold 25 million Beyond Burgers worldwide. The company recently filed for an IPO and is reportedly worth more than half a billion dollars.

    A vegan burger that ‘bleeds?’
    Just don’t call Beyond Burger a veggie burger. It may be 100 percent plant-based (and GMO-, soy- and gluten-free), but this vegan patty is meant for meat-eaters too.

    ”[W]e’re reaching mainstream consumers that are interested in healthier forms of meat,” Brown tells CNBC Make It.

    To accomplish a juicy, meat-tasting product that carnivores will crave, Beyond Meat biophysicists figure out, at a molecular level, what it is that makes meat taste and behave like meat. They then identify plant materials that behave the same way, to replicate it.

    So “we like to think of meat, not from its origin — say from a chicken or a cow — but in terms of ... the proteins, the carbohydrates, the lipids, the minerals and vitamins, all of which are available — except for cholesterol — in the plant kingdom,” says Beyond Meat biophysicist Rebecca Miller.


    The lab technicians at Beyond Meat’s research and development lab in El Segundo, California, are even trained meat sommeliers, and they are constantly innovating on the product.

    The main ingredients in the original Beyond Burger are pea protein, beet coloring and beet juice to make it “bloody,” and potato starch and coconut oil to create juiciness. Beyond recently launched its 2.0 burger (available only at Carl’s Jr. and A&W restaurants for now), which also includes brown rice and mung bean proteins, for a meatier taste and texture, according to the company’s website. Each 4-ounce Beyond Burger patty has 20 grams of protein and about 20 grams of fat, which is comparable to a beef patty.

    Many are huge fans of Beyond Burger, which like a beef burger, can take grill marks, cooks slightly pink in the middle and releases juices when you bite in.

    “It’s so meaty, it’s almost kind of freaky,” says vegan mom Erin Landry on her @mrs.modernvegan Instagram, after trying Beyond Burger at a Carl’s Jr. drive through.

    “I’m not vegan ... but I promise, this is actually really good,” says meat-eating music producer That Orko after taste-testing Carl’s Jr. Beyond Burger on pop singer Miss Krystle’s YouTube channel.

    Two CNBC Make It staffers who tried Beyond Meat products also liked the burger but were even more impressed with its Beyond Sausage. “The burger is very tasty,” but the sausages, “they could be real,” says producer Mary Stevens.

    Still, Beyond Burger is processed (the plant ingredients are put through heating, cooling and pressure to turn them into a meaty substance), no more than vegan junk food, say some critics. ( “It’s a process we’re proud of, and one we feel consumers are more comfortable with vs. the process of traditional livestock production,” says Allison Aronoff, Beyond Meat’s senior communications manager.)

    And although eating a plant-based “meat” is healthier than read meat in many ways, it can be higher in sodium than beef, says dietitian Jen Bruning. (One Beyond Burger patty has 380 milligrams of sodium according to the company website; for comparison, Wegmans 80/20 ground beef patties have 90 milligrams per patty; the average fast food single patty burger has 378 milligrams of sodium.)

    Beyond big business
    Whatever your burger pleasure, targeting meat-eaters is a smart move — there are way more of them than there are vegans and vegetarians. Only 5 percent of Americans identify as vegetarian and 3 percent vegan, according to a 2017 Gallup poll. Those numbers haven’t changed much in the last decade or so.

    Brown says the company found that 93 percent of the consumers in conventional grocery stores that are buying a Beyond Meat product are also putting animal meat their basket. “So they’re buying not only plant based meat, but they’re buying animal meat and that’s a really important breakthrough for us,” Brown tells CNBC Make It.

    One tipping point in bringing plant-based “meat” to the masses has been the increase in product quality thanks to brands like Beyond Meat, James Kenji López-Alt, chef/partner at Wursthall restaurant in San Mateo, California, tells CNBC Make It.

    “Tens of millions of dollars have been invested into researching this product and making it better and making it more real meat-like. And I think we are ... 99 percent of the way there,” he tells CNBC Make It. “It’s close enough that people eating it enjoy it the same way that they enjoy actual ground beef.”

    Plus, he says, prices have “reduced drastically” to about the same amount as meat. (At Bareburger restaurant in the Hell’s Kitchen neighborhood of New York City, a Beyond Burger costs $12.95 and a comparable beef burger is $11.99. At the grocer, Beyond retails for about $5.99 for two patties, while four Wegmans patties retail for about $5.44 online.)

    All this has made Beyond Meat big business.

    Beyond Meat products are in more than 32,000 grocery stores, including Kroger, Safeway, Publix, Target and Wegmans. And Beyond Burger has menus from Fridays and Del Taco to Hamburger Mary’s Bar and Grill to upscale Brasserie Ruhlmann in New York City; they’re served at universities from Ohio State to Harvard and even theme parks like Legoland.

    While TGI Fridays declines to share sales data, its senior director of food and beverage innovation David Spirito tells CNBC Make It that Fridays has guests saying they came to Fridays specifically for the Beyond Burger.

    And burgers are not the only plant-based “meat” Beyond Meat sells. It also sells sausage, chicken strips and beef crumbles, and has other products in the works.

    “We want to make bacon, we want to make steak, we want to make the most intricate and beautiful pieces of meat,” says Brown.

    In November, Beyond Meat filed for a $100 million initial public offering, reporting a 167 percent increase increase in revenue (to $56.4 million) for the first nine months of 2018 from the same period in 2017.

    The company has grown from a $4.8 million valuation in 2011 to $550 million in November 2017, when Beyond Meat closed its latest ($55 million) round of funding, according to private market data company PitchBook. In addition to Gates, DiCaprio and Tyson, notable investors include Twitter co-founders Biz Stone and Evan Williams, Honest Tea founder Seth Goldman, venture capital firm Kleiner Perkins and the Humane Society of the United States.

    Patties with a purpose
    But plant-based meat is not only lucrative, it’s good for the environment.

    Beyond Meat was started in 2009 by Brown, who was once a carnivore, but growing up around his family’s farm in Western Maryland had an impact.

    “I spent a lot of time there with dairy cows, so I was very close to animals growing up, loved them and was fascinated by them.”

    Passionate about the environment, Brown pursued a career in clean energy to help mitigate the effects of climate change. “But I began to realize that livestock had a larger contribution to the climate than many other things that I was working on in terms of the emissions,” he tells CNBC Make It.

    Indeed, 3 percent of U.S. greenhouse gas emissions come from methane emitted from cows. And it takes an average 308 gallons of water to produce just 1 pound of beef, according to the USDA. Raising livestock for meat and dairy also depletes farmland.

    In fact, eliminating or reducing consumption of such products “is probably the single biggest way to reduce your impact on planet Earth, not just greenhouse gases, but global acidification, eutrophication, land use and water use,” said University of Oxford’s Joseph Poore, co-author of a recent study analyzing the environmental damage of farming.

    Producing Beyond Burgers uses 99 percent less water, 93 percent less land, creates 90 percent fewer greenhouse gas emissions and requires 46 percent less energy than producing beef burgers, according to a September report commissioned by Beyond Meat. The report, which measures the environmental impact of a quarter pound Beyond Burger as compared to a quarter pound U.S. beef burger, was conducted by the Center for Sustainable Systems at University of Michigan.

    And of course, plant-based “meat” production does not entail any inhumane treatment of animals, something that plagues factory farming.

    For all these reasons, in 2018, Beyond Meat was a co-winner of the United Nations’ Champions of the Earth Award, in the Science and Innovation category. The other winner? Impossible Foods.

    Battle of the burgers
    Beyond Meat isn’t the only plant-based “meat” game in town. Impossible Foods, which launched in 2011 and is headquartered in Redwood City, California, also makes its products entirely from plants.

    Impossible Burger uses heme, a genetically engineered iron-containing molecule for the taste and aroma of meat. It is available at White Castle (the $1.99 slider) and at other restaurants in the U.S. and Hong Kong, and the company plans to hit grocery stores this year. Actor Kal Penn (who appropriately starred and “Harold and Kumar go to White Castle” — pre-vegan sliders) and Microsoft co-founder and billionaire Bill Gates have invested in the company. Impossible Foods was valued at $350 million in January 2018, according to Pitchbook.

    Another emerging company in the space, San Francisco-based Memphis Meats, is growing animal meat in the lab. Launched in August 2015, Memphis Meats has raised money (reportedly over $20 million) from the likes of Gates and Richard Branson. Unlike Beyond Meat and Impossible Foods, Memphis Meat uses harvested animal cells to grow its product, which is known as called “clean meat.”

    But Brown says Beyond Meat’s biggest competitor “really [is] the meat industry itself.”

    U.S. retail sales of plant-based “meats” grew by 24 percent in 2018, while animal meats grew by just 2 percent, according to Nielsen data commissioned by the Plant Based Foods Association. The market for meat substitutes is expected to grow to $6.4 billion worldwide by 2023. And Brown and others believe alternative meats are the future.

    “In 30 years or so, ... I think that in the future clean and plant-based meat will become the norm, and in 30 years it is unlikely animals will need to be killed for food anymore,” Branson wrote in a blog post in February.

    David Lee, Impossible Food’s chief operating officer and chief financial officer agrees. “Pat Brown [Impossible Foods founder and CEO] puts it very nicely,” Lee tells CNBC Make It. “He says, ‘You know, one day children everywhere will look up at their parents and say, “What? You used to eat meat from animals? How strange.”’

    Lee says the goal is to give meat-eaters everywhere “something that tastes better but it’s better for them, that is better for the environment.”

    It’s the goal of Beyond Meat as well.

    “Someday, I think plant-based meat will overtake animal protein as the main source of meat,” Brown tells CNBC Make It. “I do believe it will happen in my lifetime.”

    Christ how much did they get paid for the bit of verbose promotion :eek:


  • Registered Users Posts: 7,981 ✭✭✭Unearthly


    The company had a very successful launch on the stock market last week and is now worth over 3 billion.

    Great to see a plant based company doing so well


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    Unearthly wrote: »
    The company had a very successful launch on the stock market last week and is now worth over 3 billion.
    Great to see a plant based company doing so well

    Yup multi-billion corpoate investment for highly processed foods appears to be the trend alright. That said I'm not a huge fan myself. Whole foods are definitely healthier.
    .Beyond Meat’s investors include former McDonald’s Chief Executive Officer Don Thompson and venture capital firm Kleiner Perkins Caufield & Byers LLC, which owns 16 percent of the company, and Twitter Inc. co-founder Ev Williams’s Obvious Ventures with 9 percent, according to its filings

    ..backers had included Tyson Foods Inc., the largest U.S. meat producer. Tyson sold its 6.5 percent stake in Beyond Meat, according to a statement in April. Tyson’s shares were sold both to insiders and new shareholders, Brown said...

    However not all is rosy ...
    Beyond Meat shrank its 2018 loss, while its revenue more than doubled for the second year in a row, according to its filings. Last year, it lost $29.9 million on revenue of $87.9 million compared with a 2017 loss of $30.4 million on revenue of $32.6 million.

    See:
    http://time.com/5582512/beyond-meat-best-ipo-2019/


  • Registered Users Posts: 7,981 ✭✭✭Unearthly


    I wouldn't be an expert on financial things but I think it's normal for a company to initially make losses before breaking even. Gain market share etc. Like how Netflix have large debt but long term wise it's a healthy company

    The potential that is probably attracting investors are:

    - Consumer tastes shifting to more plant based products
    - expand product range globally
    - expand types of plant based meat. Think they want to replicate all types of meat
    - gain deals with large fast food restaurants
    - scale of manufacturing allowing the product to become cheaper


  • Registered Users Posts: 124 ✭✭lan


    Unearthly wrote: »
    It's a burger, people don't expect to look like Thor /Wonder Woman after consuming it.

    :D


  • Registered Users Posts: 7,981 ✭✭✭Unearthly


    lan wrote: »
    :D

    Avengers Endgame spoiler below:
    that post didn't age well :D


  • Registered Users Posts: 18,996 ✭✭✭✭gozunda


    lan wrote: »
    :D

    101713-thor1.png

    Maybe eat the box instead? :pac:


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  • Registered Users Posts: 13,678 ✭✭✭✭Thelonious Monk


    does anyone know where you can get these these days? I haven't seen them in tesco or dunnes anyway.


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