Tim Hortons parent company RBI wants to have 40,000 restaurants worldwide

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The parent company of Tim Hortons plans to grow its three fast-food chains to more than 40,000 locations around the world over the next eight to 10 years.

"Forty thousand restaurants worldwide will put us amongst the largest restaurant companies in the world," said CEO Jose Cil at the company's first investor day in New York on Wednesday.

"It's a huge consumer market where per capita coffee consumption is growing about 15 per cent a year," Tim Hortons president Alex Macedo said. Tim Hortons started a pilot Wednesday with select locations offering the Beyond Meat plant-based breakfast sausage patty in three new menu items -- a breakfast sandwich, a wrap and a vegan sandwich. It hopes to roll out the products nationally by the end of the summer, depending on the results of the pilot.

The new options comes as restaurants across the industry look to increase their plant-based protein options.

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