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After exiting Beyond Meat, Tyson Foods will launch meatless products this summer
After exiting Beyond Meat, Tyson Foods said that it will roll out its own plant-based meat substitutes beginning this summer.
The Jimmy Dean owner sold its stake in Beyond before the company went public, citing its desire to produce vegetarian meat substitutes under its own umbrella of brands. CEO Noel White told analysts on the quarterly conference call Monday that the plant-based product will launch this summer on a limited basis, with a wider rollout in October and November.
[...] Beyond made the strongest market debut so far this year on Thursday, surging 163%. The stock has a market value of $3.97 billion, dwarfed by Tyson's own market value of $22.66 billion. Tyson shares gained more than 2% Monday.
Despite the difference in market value, Beyond and other makers of plant-based meat alternatives — such as Impossible Foods — pose a threat to Tyson. Beyond Meat's CEO, Ethan Brown, told CNBC that the company is trying to capture the meat industry's customers. Its gluten- and soy-free products are meant to more closely resemble and taste like meat than previous iterations of veggie burgers.
Also at CNN.
See also: Beyond Meat goes public with a bang: 5 things to know about the plant-based meat maker
Competitors Sink Their Teeth Into The Meatless-Meat Industry
(Score: 2, Informative) by nitehawk214 on Thursday May 09 2019, @05:35PM (2 children)
I have tried "Turkey Bacon".
It is an abomination that should be banned from Earth. It tastes wrong, the texture is wrong, it burns easily. It isn't even healthier than regular bacon, too.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh
(Score: 3, Interesting) by takyon on Thursday May 09 2019, @06:04PM (1 child)
It's shocking how bad of a copy turkey bacon is. I can tolerate eating it, but I definitely don't seek it out, and it gives other meat substitutes/swaps a bad name.
Ground turkey is actually a decent replacement for ground beef, and its milder flavor could be better in some dishes. But turkey bacon is a weird thing, probably because the fat portion is done completely wrong (and there's 1/3 less fat). It turns into a chip instead of crispy. And I know people who microwave it...
But what's this about it being less healthy than regular bacon? This page [clevelandclinic.org] claims that you could eat too much of it because you perceive it as healthier, but I haven't heard of turkey bacon being worse for you ounce for ounce.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 1) by nitehawk214 on Friday May 10 2019, @07:13PM
The thing I looked at showed there was about the same calories in Turkey Bacon as Bacon Bacon. However, I did not delve much too deeply into it.
If you chop it up and toss it into a soup or something, it is fine. That is what I ended up doing with the rest that I had. But for the traditional bacon applications it is entirely inappropriate.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh