MCDONALD’S TO DEBUT ‘MCPLANT’ IN 2021

Burger chain McDonald's Corp. decided to debut a line of plant-based meat alternatives called "McPlant" in 2021, including a patty that Beyond Meat subsequently said it helped co-create, Reuters reported.

‘‘Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in an email.

McDonald’s, which reported market-beating profit and revenue for the third quarter earlier in the day, declined to say which suppliers it would use in crafting its own line of veggie products. Beyond Meat was the front runner for a contract as it had conducted tests of a so-called “P.L.T.” burger at nearly 100 McDonald’s locations in Ontario, Canada, earlier this year.

“Plant-based products are an ongoing consumer trend. It’s not a matter of if McDonald’s will get into plant-based, it’s a matter of when,” McDonald’s Chief Executive Officer Chris Kempczinski said on a call with analysts.