🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Impossible Foods launches plant-based sausage product in Hong Kong

Published 09/09/2020, 09:57 PM
Updated 09/09/2020, 10:00 PM
© Reuters.
SBUX
-

HONG KONG (Reuters) - Plant-based burger maker Impossible Foods said on Thursday it would start selling its faux pork product in Hong Kong, its first expansion outside of the United States as it seeks to tap more environment-conscious diners.

The sausage patty, made from soy protein, is the Silicon Valley-based company's second product since its faux beef burger in 2016.

It launched the Impossible Sausage in the United States earlier this year.

Asia is a key growth area, said Chief Executive Pat Brown, as the company aims to capitalize on the region's high consumption of pork.

"Consumers are accelerating the shift to a plant-based food system. This is particularly true in Asia where pork dominates the meat market," he told an online news briefing.

Producing plant-based food and beverages is less demanding on the environment compared with items relying on animal agriculture, which typically needs far more land and water.

Pork is the world's most widely eaten meat, accounting for 36% of intake, showed data from the United Nations Food and Agriculture Organization.

David Lee, Impossible's chief financial officer, said the Impossible Sausage would be available in Hong Kong at Starbucks Corp (O:SBUX) cafes as well as restaurants including burger joint Triple O's from this month.

In August, Impossible said it secured $200 million in funding, less than six months after raising the largest-ever amount for a food tech startup, bringing total funds raised since its 2011 founding to $1.5 billion.

Impossible Sausage's Hong Kong debut comes more than two years after home-grown OmniPork launched its mock pork product in supermarkets and restaurants across the city.

Demand for plant-based protein foods has surged in Asia, suppliers said, as suspicion over links between wild animal meat and the novel coronavirus prompts a diet rethink, particularly in Hong Kong and mainland China.

© Reuters. FILE PHOTO: A banh mi sandwich made with a plant-based Impossible Pork patty at the Impossible Foods headquarters in Silicon Valley

Starbucks this week said it was adding plant-based food and beverages to menus across Asia.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.