Beyond Steak® Named Winner of 2023 FABI Award for Best New Product Innovation

Beyond Steak’s recognition marks Beyond Meat’s seventh consecutive FABI Award from the National Restaurant Association 

El Segundo, Calif. March 22, 2023 –  Beyond Steak, the latest innovation by Beyond Meat (NASDAQ: BYND), a leader in plant-based meat, has been awarded the 2023 FABI Award (Food and Beverage Innovation) from the National Restaurant Association for breaking new ground in creativity and taste. 

Beyond Steak, plant-based seared tips, provides a juicy, meaty taste and authentic flavor profile and is perfect for sandwiches, bowls, salads, stir fries, fajitas, tacos and more. Made with simple, plant-based ingredients, Beyond Steak is low in saturated fat and has 21g of protein, no cholesterol, no GMOs, and no added antibiotics or hormones. Praised for its “tender”1 bite and earning rave reviews for the perfectly “caramelized crust,”2 Beyond Steak has been recognized among TIME’s Best Inventions 2022 as “A Healthier Steak.”3 Now, it has also earned the 2023 National Restaurant Association FABI Award. 

The FABI Awards honor products that revolutionize food and beverage with groundbreaking flavors, ingredients, creativity, and profit potential. Designed to delight diners and drive sales, these flavorful and marketable items are shaping the future of the foodservice industry. Beyond Meat has also previously received the FABI Award for a range of best-in-class products, beginning with the original Beyond Burger in 2017, to Beyond Beef, Beyond Breakfast Sausage, Beyond Chicken Tenders and more. 

“At Beyond Meat, we’re committed to creating delicious, nutritious, and sustainable plant-based proteins so operators can offer plant-based versions of the classic dishes their guests crave,” said Dawn Lockwood, VP and Head of Foodservice at Beyond Meat. “As the latest innovation to deliver on that  commitment, we’re honored the National Restaurant Association has recognized Beyond Steak for its incredible taste, texture, versatility, and operational ease.”

Beyond Steak is available at participating distributors nationwide. To learn more, request samples, or contact a Beyond Meat sales representative, please visit https://www.beyondmeat.com/en-US/food-service/.  

1. Gupta, Shalene. "I Gave up Beef a Decade Ago. Beyond Meat’s Fake Steak Reminded Me Why I Loved the Taste." Fast Company, October 24, 2022. https://www.fastcompany.com/90799052/beyond-meat-steak-tips-beef-new. 

2. Yoder, Ross. "Beyond Meat's New Vegan Steak Bites Just Hit Shelves, And As Someone Who Is Actively Trying To Eat Less Meat, I Have Plenty Of Thoughts." Buzzfeed, October 26, 2022. https://www.buzzfeed.com/rossyoder/beyond-steak-review-taste-test.

 3. "The Best Inventions of 2022: A Healthier Steak." TIME, December 2022. https://time.com/best-inventions-2022/. 

About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, no added hormones or antibiotics, and 0 mg of cholesterol per serving. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat’s brand promise, Eat What You Love®, represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based protein, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of December 2022, Beyond Meat branded products were available at approximately 190,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram, Twitter and TikTok.

Beyond Meat Forward Looking Statements
Certain statements in this release constitute “forward-looking statements.” These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Beyond Meat believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are many risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading “Risk Factors” in Beyond Meat's Annual Report on Form 10-K for the year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2023, as well as other factors described from time to time in Beyond Meat’s filings with the SEC. Such forward-looking statements are made only as of the date of this release. Beyond Meat undertakes no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If Beyond Meat does update one or more forward-looking statements, no inference should be made that Beyond Meat will make additional updates with respect to those or other forward-looking statements. 

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