The world’s biggest fast food chain by number of outlets plans to test-market plant-based meat substitute at some of its Canadian and U.S. restaurants starting next month. Subway on Wednesday announced a “culinary innovation partnership” with Los Angeles-based processor Beyond Meat, beginning with a “Beyond Meatball Marinara” submarine sandwich to be tested at 685 Canadian […] Read more
Subway to test-market plant-based ‘meatball’ subs
Bunge posts profit on South America, gain from Beyond Meat investment
Chicago | Reuters – Agricultural commodities trader Bunge Ltd swung to a profit in the second quarter from a year-ago loss, helped by improved results at its South American operations. Bunge also reported an unrealized gain from the company’s stake in Beyond Meat Inc, meaning it could profit from the plant-based burger venture if it sells its nearly […] Read more
Beyond Meat shares crumble on stock offering surprise, demand for meatless burgers soars
Reuters – Beyond Meat Inc’s shares tumbled on Monday on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast. Trading was volatile and shares fell more than 12 percent after hours on news of a 3.25 million […] Read more
The fake meat trend is just getting started, food exec says
Half of all meat eaters say they want to cut back and eat more plant-based foods
Reading Time: 3 minutes It’s not going to stop with the Beyond Meat burger. Expect to see more plant-based foods in your grocery store as more and more consumers reduce their consumption of meat, says the CEO of a leading organic and natural food company. “You can see tremendous acceleration in the refrigerated meat alternatives in Canada,” Beena Goldenberg […] Read more
Beyond Meat’s new competitor: Tyson’s pea-and-meat blended burger
Reuters — U.S. meat processor Tyson Foods on Thursday launched its first vegetarian and mixed-protein products, including a beef and pea burger, as it seeks to compete with Beyond Meat and other companies catering to rising demand for plant-based alternatives to meat. Tyson is betting that meat eaters wanting healthier diets will see their blend […] Read more
KFC testing vegan ‘chicken’ burger in U.K.
Reuters — Yum Brands’ KFC is looking to tap into the popularity of plant-based protein foods by rolling out a vegan version of its classic chicken burger at some outlets in the U.K. The new burger, called “the Imposter Burger,” will have a fillet made from a meat substitute product, Quorn, instead of its classic […] Read more
Beyond Meat sees sales more than doubling in 2019
Reuters — Beyond Meat, a U.S. maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 per cent. The company said it expects to record revenue of $210 million in 2019 (all figures US$), with break-even earnings, […] Read more
Tim Hortons to offer Beyond Meat for breakfast
The plant-based meat substitute that’s made its way to the menus of burger chains such as A+W in Canada and Carl’s Jr. in the U.S. is about to test itself against the Tim Hortons breakfast crowd. The coffee-and-doughnut chain announced Wednesday it’s now testing three types of breakfast sandwiches at “select” stores in Canada using […] Read more
Tyson sells stake in Beyond Meat
Reuters — Tyson Foods said on Wednesday it had sold its 6.5 per cent stake in vegan burger maker Beyond Meat, as the No. 1 U.S. meat processor looks to develop its own line of alternative protein products. The exit comes against the backdrop of rising tensions between the two companies after Tyson CEO Noel […] Read more
‘Impossible’ meatless patty gets Burger King Whopper test
Reuters — Vegetarian burgers may finally be getting the recognition they need to go mainstream in the U.S. On Monday Burger King and Silicon Valley startup Impossible Foods announced the rollout of the Impossible Whopper in 59 stores in and around St. Louis, Missouri. To mark the launch on April Fool’s Day, the burger giant […] Read more
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