Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 2/5

Beyond Meat's fast-food pilots failed to stick, unlike Impossible at Burger King.

John Baumgartner · Reviving the stagnant plant based meat market · Sep 28, 2023 · at 9:26

Mizuho Securities analyst John Baumgartner analyzes the track record of plant-based meat brands across fast-food restaurant partnerships with host Shayle Kann.

0:00 / 0:27exact quote · 27.8s
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“I think Impossible has made some of the, you know, the stickiest gains, you know, with Burger King there. You know, I think Beyond Meat's been, it's been more disappointing, you know, in the sense that there were a couple of trials with you know, A&W up in Canada, you know, Tim Hortons you had a few products that were limited time offers on menus that didn't stick. Beyond also had some relations with Dunkin' Donuts here in the US and the breakfast menu you know, that didn't stick in a number of markets as well.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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Software-style version iterations fail in food because poor first impressions are permanent.
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John Baumgartner Sep 28, 2023 ▶ 21:10 Reviving the stagnant plant based meat market
Assertion Supported
Nearly 60% of plant-based meat buyers are not substituting it for beef.
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Assertion Supported
Plant-based meat retail volume has suffered 33 consecutive months of declines.
“And what's happened since then is about, I think, 33 consecutive months now of volume declines. The category was down three percent in twenty-twenty-one. It was down eight or nine percent in twenty-twenty-two, and then this year so far in twenty-twenty-three, …”
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Assertion Not checkable as stated
Survey: One-third of consumers refuse to buy plant-based meat under any circumstances.
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John Baumgartner Sep 28, 2023 ▶ 14:18 Reviving the stagnant plant based meat market
Prediction Not checkable as stated
Plant-based meat growth will require a 20-year generational horizon, not three years.
“We speak to investors, and we say, look, we're positive on the long-term growth of this plant-based category. We literally mean Generational. 20 years. This is not going to happen in, you know, a two or three, you know, year investment horizon for a lot of fol…”
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Insight
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