The brief

Analyst view

• First plant-based meat company to go public (May 2019, NASDAQ BYND). Products in 70+ countries.
• Beyond Burger: pea protein, starch, oil. Q2 2026 revenue $68.8M, down 8.2% YoY.
• Renamed in March 2026 as US plant-based meat sales fell 26% in two years; launched Beyond Immerse protein drinks in January.

Technical approach

As reported

Pea protein

Plant-derived protein base

Pea protein provides an amino acid profile and texture similar to ground beef, serving as the primary protein source.

Fat replication

Canola and coconut oil blend

Plant-based fats replicate beef fat's mouthfeel, browning (Maillard reaction) and flavor when cooked.

Binders and structure

Potato starch and methylcellulose

These hold the patty together and provide the springy, crumbly texture that mimics ground beef.