Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Burger King will roll out the Impossible Burger nationwide by the end of the year

The Impossible Whopper’s debut at Burger King as gone from a not-April-Fool’s-joke to a nationwide rollout by year-end.

Originally launched on April 1st at 58 restaurants in St. Louis, the Impossible Burger will be on Burger King menus in additional markets soon and will be available at every Burger King by the end of the year, according to multiple reports.

For Burger King, the roll out of the Impossible Burger enabled the company to snag new customers while not eating into its core business of selling Whoppers.

It’s about optionality, and the ability to “give somebody who wants to eat a burger every day, but doesn’t necessarily want to eat beef everyday, permission to come into the restaurants more frequently,” Chris Finazzo, president of Burger King North America, told CNN Business when discussing the initial test.

Burger King has sold vegetarian patties for a while (from Morningstar), but the addition of the Impossible Foods burger to its national lineup makes the company the largest national fast food chain to embrace alternative proteins (a growing consumer category).

News of the Impossible Burger’s impossibly well received debut in St. Louis was a bright spot in what would otherwise be a fairly downbeat earnings call, for Burger King’s parent company, Restaurant Brands (its first quarter net income fell 9% to $135 million on weaker same-store sales growth), according to a report by the Associated Press.

Meat substitutes are expected to reach $6.43 billion by 2023, according to a report by Markets and Markets. Venture capitalists, corporate investors and public markets are all hungry for alternative meat companies and the nationwide rollout of the Impossible Foods burger coupled with the Beyond Meat public offering indicate that the industry is maturing.

Both companies are at the vanguard of experiments with alternatives to animal-based proteins in foods, but several others are waiting in the wings. A recent survey of corporate investments by Crunchbase reveal just how much attention corporate investors are paying to the meat market.

“You think of food-tech and ag-tech 1.0, these were technologies that were primarily beneficial to the producers,” Rob Leclerc, founding partner at AgFunder, an agrifood venture investment platform, told Crunchbase. “This new generation of companies are really more focused on what does the consumer want.”

More fast food companies are paying attention. Indeed, Burger King wasn’t the first fast food chain to bring the Impossible Burger to hundreds of retail locations.

That distinction goes to White Castle.

Comments

Popular posts from this blog

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio...

Leading VCs discuss how COVID-19 has impacted the world of digital health

In December 2019, Extra Crunch spoke to a group of investors leading the charge in health tech to discuss where they saw the most opportunity in the space leading into 2020 . At the time, respondents highlighted startups in digital therapeutics, telehealth and mental health that were improving medical practitioner efficiency or streamlining the distribution of care, amongst a variety of other digital health markets that were garnering the most attention. Where top VCs are investing in digital health In the months since, the COVID-19 crisis has debilitated national healthcare systems and the global economy. Weaknesses in healthcare systems have become clearer than ever, while startups and capital providers have struggled to operate while wide swaths of the market effectively shut down. Given significant volatility and the rapid changes seen in the worlds of healthcare, venture and startups broadly, we wanted to understand which inefficiencies might have been brought to light, w...

News-reading app Flipboard expands local coverage, including coronavirus updates, to 12 more U.S. metros

Earlier this year, personalized news aggregation app Flipboard expanded into local news . The feature brought local news, sports, real estate, weather, transportation news and more to 23 cities across the U.S. Today, Flipboard is bringing local news to 12 more U.S. metros and is adding critical coronavirus local coverage to all of the 35 supported locales. The 12 new metros include the following:  Baltimore, Charlotte, Cleveland, Detroit, Indianapolis, Nashville, Pittsburgh, Orlando, Raleigh, Salt Lake City, St. Louis, and Tampa Bay. They join the 23 cities that were already supported:  Atlanta, Austin, Boston, Chicago, Dallas, Denver, Houston, Las Vegas, Los Angeles, Miami, Minneapolis-St. Paul, New Orleans, New York City, Philadelphia, Phoenix, Portland, Sacramento, San Diego, San Francisco Bay Area, Seattle, Toronto, Vancouver and Washington, D.C. To offer local news in its app, Flipboard works with area partners, big and small, like The Plain Dealer’s Cleveland.com , ...