Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Impossible Foods to trial plant-based sausage patty with Burger King

Published 01/06/2020, 08:11 PM
Updated 01/06/2020, 08:13 PM
Impossible Foods to trial plant-based sausage patty with Burger King

By Richa Naidu

(Reuters) - Impossible Foods Inc on Monday launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat (O:BYND).

Silicon Valley-based Impossible Foods, which supplies plant-based Whopper patties to Burger King (TO:QSR) in the United States, said it would begin a limited trial of the Impossible Sausage in five regions including Springfield, Illinois, and Albuquerque, New Mexico. The imitation pork sausage will be sold in a toasted breakfast croissant, called the Impossible Croissan’wich, with egg and cheese.

"The number of people who are eating pork from pigs is humongous and the fraction of that market that is captured by plant-based products is tiny," Pat Brown, the chief executive of Impossible Foods, told Reuters in a recent interview.

Pork has been the world's most consumed meat for the past four decades, according to the U.S. Department of Agriculture. Impossible Foods on Monday also announced another imitation ground pork product, but did not disclose details about where it would be produced or sold.

The company has been called out by analysts for selling only one type of plant-based meat since 2016, when it launched its burger.

Los Angeles-based Beyond Meat has used imitation pork, chicken and beef to create products for major fast-food chains including burgers for McDonald's (N:MCD), sausage patties for Dunkin Brands (O:DNKN) and chicken for Yum Brands Inc's (N:YUM) KFC chain.

Competition is heating up in the exploding plant-based meat market, with dozens of new products hitting grocery stores and restaurants this year. The global alternative meat market is forecast to be worth $140 billion in the next decade, according to Barclays (LON:BARC).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Entering China, the world's biggest consumer of pork, is Impossible Foods' biggest priority and the company is actively looking for partners there. Plant-based imitation pork is also likely to appeal to consumers elsewhere in Asia, where Impossible currently ships to over 450 restaurants.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.