It’s a good time to be in the plant-based meat business. Today, Impossible Foods, known for its very beef-like plant-based burger, announced that it closed a new $300 million funding round, bringing total venture investment in the company to more than three-quarters of a billion dollars. On April 29, Burger King said that it planned to start serving Impossible Whoppers nationwide. (The burger is already sold in more than 7,000 other restaurants–up from 70 just two years ago–and will be in retail stores later this year.) McDonald’s is serving a new vegan burger in Germany and a vegan Happy Meal in the U.K. Nestlé plans to start selling its own “Incredible Burger,” another realistic plant-based burger designed to be cooked from a raw patty, in Europe this spring, followed by the U.S. this fall. When Beyond Meat went public on May 2, its stock quickly soared. … [Read more...] about Can plant-based meat grow from a $1 billion industry to a $20 billion industry?
How deli meat is made
While the Rebel Whopper and Rebel Chicken King are only in Sweden for now, earlier this year, Burger King announced it was launching a Whopper made with the bleeding plant-based Impossible Burgers across the U.S. this year. The chain already accidentally found out that consumers can’t tell the difference between meat and vegetarian Whoppers when a location in New York City gave real meat Whoppers to customers who ordered “Impossible Whoppers.” Burger King claims that was “due to a technology error.” A technology error in one country is a marketing plan in another. … [Read more...] about Burger King has fun ‘game’ for customers: Guess if your burger is meat
“While other fast food restaurants are just now dipping their toes in the meatless space, Taco Bell has long been a friend to vegetarians,” the company said in its statement. “The bean burrito has been on the menu for 50 years and is Taco Bell’s second best-selling item.” In other words: eat it, newcomers. … [Read more...] about Taco Bell’s new vegetarian menu is here to remind you that plants are plant-based too
In a research note, Crisil said spike in the food prices is the main villain in the inflation story. “While food inflation has ascended to double digits, it is not broad-based. It is specifically in vegetables, followed by pulses, which are behind the surge,” said the rating agency in the report. … [Read more...] about CPI inflation may stay elevated in the near term; base effect, direction of food prices will be key
“Vegan Taco Bell” (total searches January 2018-August 2019: 456,500) “Vegan Starbucks” (total searches January 2018-August 2019: 216,500) “Burger King Vegan” (total searches January 2018-August 2019: 127,700) “McDonald’s Vegan” (total searches January 2018-August 2019: 139,500) “Dunkin’ Donuts Vegan” (total searches January 2018-August 2019: 116,100) It makes sense that Taco Bell would top the list, as it’s known for being among the more vegetarian-friendly chains. … [Read more...] about Vegan fast-food options: From Taco Bell to McDonald’s, Americans are searching