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Starbucks Is Offering Impossible Foods in U.S. Stores

By Jennifer Saibil – Updated Jun 23, 2020 at 10:14AM

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The coffee company is delivering on its commitment to a more environmentally-friendly menu.

Starbucks (SBUX -0.81%) is continuing to act on its commitment to sustainability with the launch of Impossible Foods products at stores in the U.S.

Protecting the planet's resources

Back in January, CEO Kevin Johnson laid out a multi-decade plan to make the company more environmentally friendly. One of the five strategies presented was a commitment to migrate toward more sustainable food products. 

Starbucks store interior.

Image source: Starbucks.

"Starbucks aspiration is to become resource positive," Chief Sustainability Officer Michael Kobori said in a company blog post on Tuesday. "This aspiration, coupled with the insight that our customers are looking for more plant-based choices, has inspired the development of exciting and delicious plant-based beverages and food."

Keeping up with customer tastes

Starbucks has featured non-dairy milk options for several years and has launched more new beverages for the summer menu that include almond milk and coconut milk. It's also introducing the Impossible Breakfast Sandwich made with plant-based meats, as well as vegan bagels and oatmeal.

Impossible foods are available for purchase at supermarkets and online, and the company already has a partnership with Restaurant Brands International's (QSR 0.00%) Burger King where it sells plant-based Whoppers.

Bringing it home

Starbucks already serves Beyond Meat (BYND 0.14%) products at its restaurants in Canada, and it added the alternative meat company's products to Chinese menus in April. 

Starbucks said that according to the Good Food Institute, plant-based foods is a $5 billion industry that has grown 29% over the past two years, driven by a 40% increase in plant-based milks and a 38% increase in plant-based meats. Starbucks is seizing the opportunity to benefit from those trends as well as execute on its plans for sustainability.

Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Starbucks. The Motley Fool recommends Beyond Meat, Inc. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Starbucks Corporation Stock Quote
Starbucks Corporation
SBUX
$84.12 (-0.81%) $0.69
Restaurant Brands International Inc. Stock Quote
Restaurant Brands International Inc.
QSR
$54.97 (0.00%) $0.00
Beyond Meat Stock Quote
Beyond Meat
BYND
$14.56 (0.14%) $0.02

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