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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Retail

Impossible Foods rolls out plant-based sausages to restaurants nationwide

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Beth Kowitt
Beth Kowitt
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By
Beth Kowitt
Beth Kowitt
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June 29, 2020, 12:00 PM ET
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The burger has long been a prime target of plant-based meat companies. 

It’s easier to mimic than a sirloin or a chop since it’s ground meat; the burger gets right to the heart of consumers’ health concerns over processed meat; and it’s pure Americana.

But now food-tech startups have expanded to a new type of meat that hits on a similar trifecta: sausages. 

On Monday, Silicon Valley–based Impossible Foods made its plant-based sausage patty available to all restaurants in the U.S. through distributors including Dot Foods, Sysco, and US Foods. The move follows the product’s January debut in select Burger Kings, and the broad rollout earlier this month of an Impossible Sausage breakfast sandwich at Starbucks.

“It was never just about the burger,” Impossible Foods CFO David Lee told Fortune. “We intend to be a very large part of the entire meat industry.”

Six months after launching, Impossible Sausage is now available in more than 20,000 restaurant locations, including early partners Starbucks and Burger King, as well as 30 of the nation’s top-rated diners via Yelp. “It’s a major milestone for the company,” says Lee. “The addressable market that we can demonstrate for Impossible is clearly way beyond a burger.” 

While the Impossible Burger had primarily enabled the company to get into the lunch and dinner market, the launch of Impossible Sausage allows the company to make advances at breakfast.

Impossible Foods and its food-tech competitors are on a mission to displace the traditional meat industry by attempting to offer plant-based alternatives that taste and perform so similarly to the real thing that they entice even serious meat eaters. These startups have gained traction as consumers become increasingly aware of meat’s impact on their health and the environment. In its most recent release, the company also touted a new timely benefit, saying that “transitioning away from eating animal products is one of the best ways to reduce the likelihood of future animal to human pandemics.” 

Lee noted that the coronavirus has only highlighted the challenges of the meat industry for consumers. “Meat eaters have long before this current crisis been in denial about the compromises they make when they choose to eat meat from an animal,” Lee says, noting that consumers are now being confronted with articles about meat processing plants struggling to curb cases of COVID-19. 

Impossible Sausage is the first new product that the company has rolled out since the burger in 2016, and follows the launch of a sausage patty by its biggest competitor, Beyond Meat, late last year. Beyond Meat also started rolling out sausages in link form in 2017.

Impossible Foods closed a $500 million round of funding in March, bringing its total funding to $1.3 billion so far. Lee says the round is going toward continued global expansion and research and development.

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