Chick-fil-A is considering adding a vegan entree to its menu as investors and consumers continue to show their interest in plant-based meat substitutes from Impossible Foods and Beyond Meat.
sells veggie burgers in several markets outside of the U.S. but has yet to bring one stateside.
"I certainly know our teams are paying close attention and discussing this amongst each other and with some of the options that are out there," CEO Steve Easterbrook told analysts on the first-quarter conference call. "So maybe more to come but nothing much to say about it at the moment.", have made adding vegetarian alternatives more attractive for restaurants. Both companies make products that more closely resemble meat than previous iterations of the veggie burger.
Their expansion comes at a time when the U.S. market for meat substitutes is growing. In 2018, it was $1.44 billion but Euromonitor International is forecasting that number reaches $2.5 billion by 2023. Monday that it has raised an additional $300 million in funding. The news follows Beyond Meat's initial public offering earlier May 2. Shares of the maker of the Beyond Burger have surged 174% so far.
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