In this file:
· Tyson Foods, Beyond Meat face off with new plant-based burgers
… Tyson's Raised & Rooted brand, will be sold in packages of two quarter-pound patties at a suggested retail price of $4.99…
· Beyond Burger 3.0 debuts amid calls for alt meat research support
… A new four-pack retails for a suggested $9.99...
· Beyond Meat Slips on Tyson Foods' Plans to Offer Vegan Burgers
… "Our products are plants made meatier, and deliver the same delicious flavors, in a better-for-you alternative,” said David Ervin, vice president of marketing, Raised & Rooted, in a statement Monday...
Tyson Foods, Beyond Meat face off with new plant-based burgers
By Tom Polansek, Reuters
via Investing.com - May 03, 2021
CHICAGO (Reuters) - Tyson Foods Inc (NYSE:TSN) is launching plant-based hamburgers and sausages ahead of the summer grilling season, the company said on Monday, increasing competition for Beyond Meat (NASDAQ:BYND) as it releases an updated version of its own faux burger.
Purveyors of plant-based meat are seeking to boost sales as COVID-19 vaccinations encourage more people to eat at restaurants and gather for backyard cookouts and other events.
Companies like Beyond Meat and Impossible Foods aim to meet consumer demands for more climate-friendly diets, but sales of some of their products have slowed more recently as the plant-based trend cools.
Tyson Foods, the biggest U.S. producer of animal meat by sales, introduced its first plant-based products in 2019. It is adding burger patties, bratwurst, Italian sausage and ground "meat" made from pea protein to its offerings, according to a statement.
The burgers, marketed under Tyson's Raised & Rooted brand, will be sold in packages of two quarter-pound patties at a suggested retail price of $4.99.
Tyson is making another attempt at an alternative burger after phasing out a patty last year that was a blend of beef and plants.
Beyond Meat, meanwhile, is launching a new version...
Beyond Burger 3.0 debuts amid calls for alt meat research support
If plant-based meats have major benefits for the environment, should there be federal funding to support them?
Brian Cooley, c|net
April 27, 2021
Beyond Meat has developed a new "3.0" version of its plant-based burger. It comes at a time when some are asking why there isn't federal funding for plant-based meat, the way there has long been for animal meat.
The new Beyond Burger formulation has less fat, saturated fat, and calories than both its predecessor formula and 80/20 ground beef made from animals. The protein remains higher than in traditional ground beef.
Such improvements might be seen as definitive if they were CPU speeds or storage costs, but food is a different sector, driven as much by tradition and perception as much as specs. That's where Beyond also claims its new formulation tastes "meatier and juicier," an unquantifiable aspect that will be up to each individual eater to judge. In a blind taste test at Beyond's facility in 2019 I preferred its 1.0 product over the 2.0, demonstrating that food doesn't always enjoy a straightforward path to perceived improvement.
Beyond's other announcement is part of an ongoing race to price parity with animal beef: A new four-pack retails for a suggested $9.99...
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Beyond Meat Slips on Tyson Foods' Plans to Offer Vegan Burgers
Beyond Meat slips after Tyson Foods said it expanding its plant-based meat offering with vegan pork and beef burger patties.
Vidhi Choudhary, TheStreet
May 3, 2021
Shares of Beyond Meat (BYND) - slipped Monday after Tyson Foods(TSN) - said it was expanding its plant-based meat offerings with vegan pork and beef burger patties in a bid to meet increased demand.
Shares of Beyond Meat, El Segundo, Calif., fell 3.5% to $127.11 on Monday, while shares of meat processor Tyson Foods advanced 1.19% to $78.37.
Tyson Foods' plant product segment - Raised and Rooted - will offer plant-based bratwurst and Italian sausages, and ground burger patties in the refrigerated section of grocery stores nationally, the company said.
"Our products are plants made meatier, and deliver the same delicious flavors, in a better-for-you alternative,” said David Ervin, vice president of marketing, Raised & Rooted, in a statement Monday...