Nestle CEO: We have a lot to show in the vegan burger market

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Nestle CEO Mark Schneider explains the company's plans to roll out plant-based food in Europe and the United States.

Nestle wants to expand its vegan burger reach with plans to introduce a meat alternative in the United States later this year, CEO Mark Schneider told CNBC Wednesday.

Nestle, who last month announced its dive into the meat-free market, is focused on launching its Incredible Burger in eight European countries. The product is currently being carried in 1,500 outlets on the continent, including McDonald's, he said.

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