Shares of Beyond Meat surge 13% after McDonald's tests its plant-based burgers
McDonald's will test a new "plant, lettuce and tomato" sandwich using Beyond Meat's patties in 28 restaurants next week.
The fast-food giant is following major rivals in betting on the growing popularity of plant-based alternative meat. McDonald's already sells plant-based burgers in Germany and Israel in partnership with Nestle, which is also on track to launch its Awesome Burger at retailers and restaurants in the U.S.
A Beyond Burger, a vegan veggie burger, is seen at the Vedang fast food restaurant in the Mall of Berlin on May 18, 2019 in Berlin, Germany. With fast food chains such as Burger King, Chick-Fil-A, Taco Bell and Dunkin’ Donuts now offering ‘fake meat’ versions of their main meal options, the vegan burger industry is booming, as consumers look beyond real meat products out of health and environmental concerns.
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