Re:Burger King is introducing a vegetarian patty from the st...
by LifeofPi314 on Monday April 01, 2019 @05:53PM
(#19548697)
What is the addressable market, and possible valuation you believe that Impossible would achieve? and when?
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Re:Burger King is introducing a vegetarian patty from the st...
by bitesociety on Monday April 01, 2019 @07:06PM
(#19549286)
Right now plant based meat is well under 1 percent of the meat market in the US and it's realistic it could become the majority within 10 years. Who will get the bulk of that is up for grabs, I invested in a smaller competitor to beyond and impossible which had a much lower valuation but with product I think it's right up there with them. Personally I'm a big supporter of them all
Re:Burger King is introducing a vegetarian patty from the st...
by tfehring on Tuesday April 02, 2019 @01:23AM
(#19551304)
I'm really bullish on the possibility of a wide range of competitors for any given meat alternative. There are probably 10+ different brands of prepackaged beef burgers at most grocery stores, and there's a lot more room for differentiation if you're building a product from scratch than if you're just deciding which cows to grind up and shape into a patty.
Do you mind sharing the name of the company you're referring to? I'm always looking to try new options and support companies in the space.