Beyond Meat unveiled its revamped plant-based burgers Wednesday in hopes of luring back consumers with new ingredients in its products.
The California-based company launched a new version of its patties, switching to avocado oil after using canola and coconut oils in previous iterations. The new burgers will have more protein and less sodium, according to the company.
The company said the new version of the burgers came after a “multi-year research effort” and will be available around the country in the spring.
This will be the fourth iteration of the burger, which the company says will only have 2 grams of saturated fat per serving. It will be 230 calories and have 21 grams of protein.
“Beyond IV represents a transformative step forward in delivering plant-based nutrition to the consumer in the form of meat,” Beyond Meat founder and CEO Ethan Brown said.
”Every ingredient in this fourth iteration was thoughtfully selected to bring the nutritional power of plants — from the heart-healthy monounsaturated fats in avocado oil, to the protein and fiber in peas, red lentils, faba beans and brown rice.”
The new version of the burger comes at a time when the El Segundo, Calif.-based company and other similar ventures face sales hurdles.
Beyond’s restaurant and retail sales dropped almost 30 percent in the third quarter over the last two years, according to CNBC. The company’s stock has dropped more than 50 percent since the start of 2023. However, on Wednesday, the stock rose close to 4 percent.
The company’s market value is at $463 million. The plant-based meat producer is expected to report its fourth-quarter earnings Feb. 27.
