Beyond Meat Statistics: Revenue and Production (2022)

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When it comes to plant-based meat alternatives, Beyond Meat is the leader.

It is one of the few meat alternative stocks you can invest in after going public in 2019.

Despite the lead in the young market, Beyond Meat has yet to have a profitable year as it has aggressively invested in scaling up.

Beyond Meat Stats (Top Picks)

  • Beyond Meat achieved a revenue of $464.7 million in 2021.
  • Since being founded in 2008, Beyond Meat has not achieved a net profit. In 2021, Beyond Meat had a net loss of $182.1 million.
  • Beyond Meat is sold in more than 90 countries worldwide.
  • Beyond Meat is available in approximately 130,000 stores and restaurants worldwide
  • The Beyond Burger made up 55% of Beyond Meat’s revenue in 2021, but this percent has been declining each year.

Beyond Meat Revenue

Revenue for Beyond Meat has continued to grow each year, reaching $464.7 million in 2021.

It nearly tripled from 2018 to 2019, going from $88 million to $298 million, but has slowed down in recent years. This can be attributed to a number of reasons, including more competitors, COVID, and delays in scaling up production.

chart of beyond meat revenue by year

Even with the relative slowdown, Beyond Meat still has a 25% compound annual growth rate (CAGR) over the past 2 year period.

Year Annual Revenue
2016 $16.2 million
2017 $32.5 million
2018 $87.9 million
2019 $297.9 million
2020 $406.7 million
2021 $464.7 million

Source: SEC

Beyond Meat Profit and Losses

Beyond Meat has yet to turn an annual profit. The company has been expanding facilities both in the United States, and internationally, so this isn’t that surprising.

Most recently, Beyond Meat had a net loss of $182.1 million in 2021, which increased from a net loss of $52.8 million in 2020.

column chart of beyond meat's profit and loss by year

On top of these losses, Beyond Meat has also reported that it has about $1.2 billion of total consolidated indebtedness and liabilities. Despite that, the company has stated plans to incur more debt to grow further.

Year Net Profit/Loss
2019 -$12.4 million
2020 -$52.8 million
2021 -$182.1 million

Source: SEC

Beyond Meat Plant-Based Meat Market Share

The plant-based meat industry had an estimated value of $4.3 billion in 2020. That gives Beyond Meat a market share of approximately 9.4%.

The market is expected to reach $8.3 billion by 2025.

Source: Markets And Markets

Beyond Meat Grocery and Restaurant Locations

Beyond Meat primarily sells directly to 2 main customers: grocery stores and restaurants.

As of December 2021, Beyond Meat was available in approximately 130,000 stores and restaurants worldwide, in over 90 countries.

More specifically, Beyond Meat was available in:

  • 38,000+ restaurants in the United States
  • 17,000+ grocery stores in the United States
  • 28,000+ restaurants internationally (excluding U.S.)
  • 30,000+ international grocery stores

Sources: SEC 1SEC 2

How Many Employees Does Beyond Meat Have?

In Beyond Meat’s 2021 S-1 filing, they reported having 1,108 full-time employees and 311 full-time contract workers as of the end of the year.

Source: SEC

Impact of COVID on Beyond Meat Sales

COVID had a big impact on both retail and restaurant sales, which affected Beyond Meat’s sales.

Revenue in the second quarter of 2020 was 80% higher than the first quarter, when the pandemic just started. In comparison, second quarter revenue in 2021 was only 21% higher than the first quarter of 2021.

Source: SEC

Beyond Meat Facilities

Beyond Meat has aggressively expanded its facilities in recent years.

Most facilities are used primarily for manufacturing, but serve other business purposes as well.

The following table shows the size and location of each facility reported in a 2021 SEC filing by Beyond Meat.

Facility Location Size (square feet)
Columbia, Missouri 26,000
Columbia, Missouri 64,000
Devault, Pennsylvania 86,000
Enschede, Netherlands 48,000
Jiaxing, China 43,000
Columbia, Missouri 142,000
Commerce, California 64,000
El Segundo, California 40,200
El Segundo (headquarters) 281,110

In total, Beyond Meat leases approximately 794,000 square feet of space.

Source: SEC

Who Eats Beyond Meat?

Beyond Meat has found success in not only targeting vegans and vegetarians, but the larger market of meat eaters.

The founder of Beyond Meat, Ethan Brown, has said that 93% of people purchasing Beyond Burgers are not vegetarian (or vegan).

This statistic is based on a 26 week test period in 2018 at the grocery store Kroger.

Source: LiveKindly

Beyond Meat Product Line

The Beyond Burger is the flagship product of Beyond Meat. It has accounted for over half of revenue, although this percent is trending down.

Year Percent of Revenue
2019 64%
2020 58%
2021 55%

Beyond Meat has developed additional products like Beyond Sausage, Beef, and Meatballs to decrease their reliance on a single product.

Source: SEC

About the author

Dale Cudmore

Your friendly neighborhood vegan from Toronto. Chemical engineer turned semi-professional soccer player and freelance nutrition writer. I've been vegan for years and try to make life easier for others by sharing what I've learned.