More like "hyper-processed plant-based faux-meat may not succeed".
Beyond Meat's problem is that they're catering to a tiny, highly-specific niche: people not willing to eat meat but are willing to pay through the nose for hyper-processed fake meat. So their audience is:
1. Vegan or vegetarian
2. Fairly well-off
3. Willing to consume highly-processed foods.
4. Craving a beef burger
This is all sorts of problematic as a combination.
First off, people who have stopped eating red meat (even if they haven't gone vegetarian) tend to really not enjoy the smell of beef, so their craving for a beef burger is under question from the get-go. Second, many vegetarians/vegans made that choice for health reasons (rather than ethical reasons), so "highly processed foods" are a no-go. Once you've cut out those two groups, you only get to keep the wealthier people of the leftovers.
Honestly, as a meat eater who loves vegetarian food, I just don't understand the appeal of fake meat like this. Give me a chana masala or a dal dish instead, any day of the week.