Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Thursday May 09 2019, @03:08PM   Printer-friendly
from the grilling-investment-decisions dept.

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


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by fyngyrz on Thursday May 09 2019, @04:59PM (5 children)

    by fyngyrz (6567) on Thursday May 09 2019, @04:59PM (#841405) Journal

    I recognize your assumption, but I don't see any data backing it up.

    Also, as much of this is off in the future and so there is no data for it, I don't see how your guarantee would be worth anything at all.

    But feel free to enlighten me.

    --
    PMS jokes aren't funny. Period.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2) by fyngyrz on Thursday May 09 2019, @05:04PM (4 children)

    by fyngyrz (6567) on Thursday May 09 2019, @05:04PM (#841412) Journal

    Also, I found this. [impossiblefoods.com]

    --
    Do you ever go out, and while you're out,
    think "this is exactly why I don't go out"?

    • (Score: 0) by Anonymous Coward on Thursday May 09 2019, @05:10PM (1 child)

      by Anonymous Coward on Thursday May 09 2019, @05:10PM (#841418)

      Thanks for the link. That helps, although I would personally find it more enlightening if they had a side-by-side comparison between their product and real meat. Just an idea.

      • (Score: 2) by fyngyrz on Thursday May 09 2019, @05:16PM

        by fyngyrz (6567) on Thursday May 09 2019, @05:16PM (#841424) Journal

        So perhaps this, [fatsecret.com] then.

        --
        Kleptomaniacs always take things literally.

    • (Score: 3, Informative) by takyon on Thursday May 09 2019, @06:12PM (1 child)

      by takyon (881) <{takyon} {at} {soylentnews.org}> on Thursday May 09 2019, @06:12PM (#841459) Journal

      FYI, Impossible Foods is a different company, with different products. Impossible Burger is the one with plant-based "heme" that "bleeds":

      https://en.wikipedia.org/wiki/Beyond_Meat [wikipedia.org]
      https://en.wikipedia.org/wiki/Impossible_Foods [wikipedia.org]

      https://www.womenshealthmag.com/food/a21566428/beyond-meat-burger-ingredients/ [womenshealthmag.com]

      I remember someone complaining vociferously about that 5 grams of carbs in the Beyond Burger.

      (I'll note that the basic nutrition facts might not encompass everything that could possibly be said about comparing grass-fed beef to a meat substitute to determine "superiority".)

      --
      [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
      • (Score: 2) by fyngyrz on Thursday May 09 2019, @10:02PM

        by fyngyrz (6567) on Thursday May 09 2019, @10:02PM (#841564) Journal

        Yeah, the carbs would kill it for me right now. I'm working the low carb side of the street right now, sadly.

        --
        I before E except after C
        disproved by science