Taco Bell's new Beyond Carne Asada Steak is the first plant-based meat alternative on the chain's menu. The steak is available nationwide and costs about the same as the original steak quesadilla. While it is an exciting development, the new menu item could also have some drawbacks.
Taco Bell's Beyond Carne Asada Steak is the chain's first plant-based menu item to be launched in partnership with Beyond Meat
Beyond Carne Asada Stek is a plant-based protein made with Taco Bell's signature spices. The meat substitute is available for purchase as a quesadilla and will be priced similarly to regular beef-based quesadillas. Customers can also opt to add the plant-based protein to any other menu item without a price increase.
The company has been working with Taco Bell to develop the plant-based meat alternative for about a year. The company developed a seasoned meat alternative using fava bean protein and vital wheat gluten. In addition to this, Beyond seasoned the meat with Taco Bell's traditional seasonings.
The partnership between Beyond Meat and Taco Bell will launch the meat alternative in partnership with Yum Foods. The company will also develop exclusive menu items for Yum, which also owns Pizza Hut and KFC. After completing research and development, Beyond Carne Asada Stek has been announced as Taco Bell's first plant-based steak. The steak is scheduled to debut on October 13 in the Dayton, Ohio area.
The plant-based Carne Asada Steak was developed in collaboration with Beyond Meat, a plant-based food company. This meat substitute is made from simple plant-based ingredients with Taco Bell's signature spices. It has also been certified vegan by the American Vegetarian Association. The new menu item will be available at select Dayton-area Taco Bell locations and is expected to be expanded to more locations.
Beyond Meat is struggling to keep up with increasing competition in the plant-based category. The company is also facing inflationary pressures. Earlier this year, its plant-based collaboration with McDonald's was canceled due to underwhelming sales.
It will cost the same as Taco Bell's original steak quesadilla
Beyond Carne Asada is a plant-based meat substitute that replicates the texture and taste of traditional steak. The new meat substitute will be available at participating Taco Bell restaurants starting Oct. 13 for about the same price as an original steak quesadilla. Taco Bell hopes the new meat alternative will make the chain's plant-based offerings more affordable and encourage more people to switch to plant-based foods.
Beyond Carne Asada Steak is a certified vegan protein made from plant-based ingredients and flavored with Taco Bell's signature spices. It will cost the same as Taco Bell''s original steak quesadillo and can be substituted for steak in other items on the menu.
Taco Bell is the first chain to offer carne asada steak, and the restaurant plans to offer it for the same price as its regular steak quesadilla. Beyond Meat's spokesperson explained that the price parity between the two plant-based meat items is essential to increasing consumer access to them. Traditionally, plant-based meat items have been priced 40 percent higher than their animal-based counterparts.
Taco Bell will offer Beyond Carne Asada Steak at participating Taco Bell restaurants in the Dayton, Ohio area starting October 13, 2022. Taco Bell will also offer it for a limited time only.
Taco Bell will offer Beyond Carne Asada Steak as a test market item. The steak will be available at select Taco Bell locations starting October 13, 2022. Beyond Carne Asada Steak will be available for the same price as Taco Bell's original steak quesadilla. The company has previously created vegan ground beef. The company claims its new product is free of added hormones and GMOs.
It will be available nationwide
A new plant-based beef alternative is hitting the grocery aisles. Beyond Meat's steak substitute will be available in more than 5,000 Walmart and Kroger stores nationwide. The company also plans to expand its distribution to other local grocers. It will also be sold through food distributors and could soon appear on restaurant menus.
The new product is a step forward in the industry. It's a revolutionary concept for plant-based meat. The Beyond Steak is available in bite-sized portions, and can be cooked in just five minutes. The meat is free of GMOs and hormones, and contains no cholesterol or saturated fat. The company is also rolling out Beyond Carne Asada, another plant-based meat alternative.
The plant-based steak is made with a wheat gluten base and faba bean protein. Each serving contains 21g of protein and just one gram of saturated fat. Each steak also contains about 300mg of sodium. Other ingredients include expeller-pressed canola oil, pomegranate concentrate, yeast extract, and natural flavor.
Beyond Meat has already spoken about its vegan steak a few times. The California-based company was the first to announce its plans to introduce a vegan steak in January. It would then be released in grocery stores, then expand into restaurants. Once the sliced steak is available, Beyond Meat expects to revolutionize the steak industry.
Beyond Meat also recently announced the elimination of its chief growth officer position and plans to cut 19% of its workforce. The news came as the company's stock price sank by 80% over the past year. The new product has 21 grams of protein per serving and is low in saturated fat and cholesterol. It is also free of added hormones and antibiotics. The company plans to launch Beyond Steak in select supermarkets across the country, including Walmart and Kroger.
It could require a lot of start-up costs
Beyond Meat is one of the companies that has made a splash in the plant-based meat industry. Its veggie burger quickly gained popularity and the company has even gone public at a valuation of almost $1.5 billion. As of March 31, 2020, the company reported net revenues of $407 million, an increase of almost 37% year over year. However, the company also reported a net loss of $53 million. Despite its success, the company still faces many challenges. It has a massive inventory and it has zero free cash flow. Further, competition is forcing the company to lower prices. Inflation is also increasing costs and the company is experiencing a decline in sales.
Beyond Meat may face several start-up costs, particularly since the manufacturing process for a steak is significantly different than that for a ground-meat product. It could also need to invest in new ingredients and develop a new supply chain. This could create significant costs.
Beyond Meat also faced several issues in the past year, including severe weather damage and labor shortages. In addition, the company had to spend a lot of money to produce plant-based jerky. To launch the product nationwide, Beyond Meat had to invest in an entirely new manufacturing process. This meant that the company had to make jerky at multiple locations. While this was costly, the company is confident that its production costs will moderate.
While Beyond Meat has an advantage in the plant-based meat market, other companies are competing with it. Only two other companies have tried to create a meat-based steak alternative. Colorado-based Meati launched its mycellium-based steak last month, while Slovenia's Juicy Marbles released its plant-based filet mignon earlier this year. While these products are promising, Beyond Meat has an edge in terms of name recognition and manufacturing advantage.
It's not the first plant-based steak
Despite the success of Beyond Meat's Beyond Burger, the company is hardly the first to offer a plant-based steak. The company has long teased its plans to introduce a plant-based steak. In fact, Pat Brown has mentioned that the company has already developed a prototype of a plant-based filet mignon. The company's Beyond Steak is a clean-label product, made from wheat gluten, fava bean protein and canola oil. The ingredients are similar to those used in Beyond's chicken products, such as Beyond Chicken.
Taco Bell is also getting into the plant-based steak market, launching Beyond Carne Asada Steak this month. The company collaborated with Beyond Meat to create the steak, which will be available at 50 locations in Dayton, Ohio. Taco Bell's global chief food innovation officer, Liz Matthews, says that the restaurant chain wants to allow customers to choose plant-based menu items without compromising flavor.
Beyond Meat's Steak has a beef-like flavor and texture, and the company teased it earlier this year. It is antibiotic and GMO-free. The company claims that each serving of Beyond Steak has the same amount of protein as one serving of conventional meat.
Beyond Meat's vegan steak is available at several restaurants, including Elephant & Vine in Chicago. The company will also release a vegan ribeye-style steak in the fall. It will be available at high-end restaurants and select stores, before expanding to the market. Another restaurant chain, Juicy Marbles, is also experimenting with plant-based meat options.
Beyond Meat has been developing its Beyond Steak for a year, and this latest product is a result of a three-year plant-based menu deal signed with Yum! in 2021. The company has also tested a plant-based chicken in one of its Irvine, CA locations. It was a successful substitute for the Naked Chicken Chalupa and was sold for $7.99 per 10-ounce package.
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