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This statistic highlights Beyond Meat’s Revenue by Region from Q1 2019 onwards, split between two regions: the United States and International (Rest of the World).
Beyond Meat supplies its products to over 50 countries including the United States, Germany, the rest of Europe, Canada, Mexico, Australia, United Arab Emirates, Korea, South Africa, Taiwan, Chile, and Israel. Since a major part of the Revenue of Beyond Meat comes from the United States, we have combined the rest of the world and termed it as ‘International’.
The following table shows the revenue by region for the quarters Q3 2021, Q2 2021, and Q3 2020:
|Revenue by Region||Q3 2020||Q2 2021||Q3 2021||Revenue Contribution for Q3 2021|
(All values in million dollars except percentages)
For the latest quarter in 2021, 63.42% of the revenue can be traced back to the United States, whereas all other countries amount to 36.58%. In Q2 2021, Beyond Meat recorded an exceptionally high revenue of over $100 million from the United States. For the same time period, earnings from the rest of the world were approximately $48 million. (All figures in millions, except percentages)
The year 2020 was the least favorable for Beyond Meat’s International Sales, as the total international revenue struggled to break the $25 million mark. In the middle two quarters, it remained near to $16 million, which marked an important all-time low.
In its entirety, Beyond Meat’s Revenue from the United States has been consistently rising for the past 2 years. Revenue from the International space shows mixed trends but has always been far below the revenue collected from the United States.
As of December 31, 2020, Beyond Meat’s products were available in 28,000 retail outlets in the United States and 38,000 retail outlets internationally. The largest portion of revenue comes from the United States. Recently, Beyond Meat has announced a major retail expansion in the following regions-Regional Division in Detail
The company is nearly doubling its distribution in the United Kingdom, followed by product expansion in Austria, Switzerland, and the Netherlands. Beyond Meat’s products are available at major grocery stores all over Canada. They are opening some manufacturing units in China as well.
The international net revenues of Beyond Meat, including net revenues from Canada, were approximately 20%, 33%, and 20% of their total net revenues in 2020, 2019, and 2018, respectively. From these statistics, we can conclude that a major part of the company’s revenue (i.e more than 50%) comes from its domestic region of operation- the United States of America.
Founded in 2009, Beyond Meat Inc. is a publicly-traded food company in the United States, specializing in revolutionary plant-based meats. It is a Los-Angeles based producer of meat-substitutes, and has its headquarters in California. The company has innovated to build meat directly from plants, hence enabling its consumers to experience the taste, texture, and other sensory qualities of popular animal-based meat foods. Beyond Meat, goes through a careful selection of products in order to take special care of nutritional and environmental needs.
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