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Beyond Meat just launched a healthier version of its Beyond Burger as well as its plant-based ground ... Beyond IV has 75% less fat than traditional 80/20 beef (that's 80% lean meat and 20% fat).
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Analysts expect Beyond Meat to report $66.7 million in sales for the fourth quarter of 2023, down 17.4% year over year. In last year's fourth quarter, Beyond Meat's sales dropped 20.6% year over year.
A meat alternative or meat substitute (also called plant-based meat, mock meat, or alternative protein), [1] is a food product made from vegetarian or vegan ingredients, eaten as a replacement for meat. Meat alternatives typically approximate qualities of specific types of meat, such as mouthfeel, flavor, appearance, or chemical characteristics.
On its release, The Decadent Chocolate Chip Cookie contained 39% chocolate chips by weight, more than double the leading national brand. It soon became the best selling PC product, and within three years was Canada's best-selling cookie, even though it was available in only 20% of Canadian food stores. [12] Not all PC products were hits.
The meat shortage increased sales and investor interest in plant-based meat replacement products from companies such as Impossible Foods, Beyond Meat, and Novameat. [155] U.S. sales of meat alternatives were up 280% over 2019 for the week ending March 14, 2020; [156] the following week, sales of fresh meat alternatives were up 454% over 2019. [157]