The partnership will enable the companies to identify ways to scale cost-effective ingredients that enable meat substitutes to deliver on their cost, nutrition, flavor, and texture targets.
When plant-based products came to market, there was a belief that they were all very healthy, but consumers are now doing more due diligence with label reading and ingredient reading.
Research presented at the Natural Product Expo West trade show on March 10 identified taste, texture and quality as unmet needs in plant-based meat and dairy alternatives.
Beyond Meat, Inc. is laying off approximately 19% of its workforce and has further reduced its fiscal 2022 sales outlook to a range of $400 million to $425 million. The company is scheduled to release its third-quarter financial results on Nov. 9.