Beyond Meat’s new burger and beef platform promises improved nutrition and taste
|Beyond Meat’s fourth generation of burger and beef recipes contains avocado oil for the first time, a departure from its traditional coconut and canola oils, which reduce saturation by 60%. and sodium by 20% and create a juicier texture when cooking, Zackai explained. .
The new recipe increases the protein content to 21 g per serving, 1 gram more than previous formulas and, according to the company, more protein than the standard beef blend of 80 percent lean ground beef and 20 % fat. The new recipe also includes red lentil and fava bean proteins, without sacrificing taste and texture.
Can health certifications and industry awards help turn around Beyond Meat sales?
Zackai cited a multi-year research effort with medical and nutritional experts to develop Beyond IV, including R&D to meet the standards of the American Diabetes Association’s Better Choices for Life program and the Heart-Check Recipe certification program. American Heart Association.
Beyond IV was also recognized as “the first plant-based meat product” to be certified by the Clean Label Project, Zackai said, in addition to receiving the nutritionist-approved emblem from Good Housekeeping, which evaluates nutrition, the taste, simplicity and transparency of food products. .
Beyond Meat will launch marketing campaigns to educate consumers about the nutritional improvements and industry recognitions for the new recipe.
“We’re going to focus a lot on marketing this product in a way that resonates with the consumer and really helps them understand that not only is this a product that they can feel good about from a health, but that it is an absolutely delicious product to feed themselves and their families, ”said Zackai.
Beyond IV will be positioned and priced as a premium product
Although Beyond Meat did not provide pricing details, Zackai explained that since the company’s last earnings call, they “explored many different aspects of pricing options” and that due to the listing of Beyond IV’s ingredients, the product line will be presented as a “premium product that will be reflected in the price”, in retail stores where Beyond Burger and Beyond Beef are currently available.
While the burger and beef recipes are the first products on the Beyond IV platform, Zackai added that the company plans to make “similar changes to our other price points to continue to improve taste and health.”
The company will report its third quarter results tomorrow after the bell.