Reading Time: 2 minutes Beyond Meat, Inc. has had almost 15 years to build a product lineup that is, as its name claims, beyond meat. By some business metrics, it has. The company, whose market capitalization was pegged at US$1.3 billion when it went public in 2018, recently reported April-to-June 2023 sales of $102 million. That sounds like a […] Read more
Fake meat is mostly a fake-out for now
Meat alternative companies have made big boasts, but the numbers are on the side of real animal products
McDonald’s, Beyond Meat seen planning big U.S. McPlant expansion
New York | Reuters — McDonald’s Corp. is planning a major expansion of its plant-based burger with Beyond Meat Inc. in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the sandwiches […] Read more
McDonald’s to make its own ‘McPlant’ items
Beyond Meat says co-created patty
Reuters — Burger chain McDonald’s on Monday decided to debut its own plant-based meat alternatives line called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create. “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in […] Read more
Plant-based protein maker Roquette sees short-term COVID-19 impact
Demand could accelerate second Canadian plant
Paris | Reuters — The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said. The market for plant-based protein such as meat-free burgers has surged in the […] Read more
Plant-based near-chicken on KFC’s Canadian menu to stay
Maple Leaf's Lightlife arm to make 'Plant-Based KFC' sandwich
Updated, Aug. 18: Consumers’ response to a single-day test of plant-based near-chicken menu items in Mississauga last year has led KFC Canada to add the product, full time, to its menu nationwide. The Canadian arm of the Yum Brands-owned chicken chain announced Wednesday its ‘Plant-Based KFC’ sandwiches will be available permanently at its stores across […] Read more
Beyond Meat lines up Canadian patty co-packer
U.S. company launches 'latest iteration' of burger line
One of the names tied closest to the plant protein-based meat substitute sector has enlisted an unnamed Quebec operation to make its beef-similar patties for the Canadian retail market. Los Angeles-based Beyond Meat on Wednesday launched the “latest iteration” of its flagship Beyond Burger, billed as “produced locally at a co-manufacturing facility in Canada” and […] Read more
Starbucks plans plant-based breakfast sandwich
Reuters — Starbucks Corp. said Tuesday it would introduce a breakfast sandwich this year with a plant-based patty in Canada and the United States. The coffee chain said last week it aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly. A […] Read more
Tim Hortons pulls Beyond Meat products from Ontario, B.C.
Reuters — Restaurant Brands International’s Tim Hortons said on Tuesday it has removed Beyond Meat’s products from its coffee and donut shops in Ontario and British Columbia. This comes after the coffee and breakfast chain cut Beyond Meat’s burgers and sandwiches from its menu in September from all of Canada except the two provinces. “We […] Read more
Nestle to source plant proteins from Winnipeg
Winnipeg/Zurich | Reuters — Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Meat substitutes from plants in burgers, nuggets and many other foods are a fast-growing industry, driving up […] Read more
Starbucks to add more plant-based food in latest green push
Chicago | Reuters — Starbucks Corp. aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, CEO Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc. Over the past year, with the rise of companies including Beyond […] Read more
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