The plant-based food industry has been absolutely exploding in the past two years, growing by 43%, with a greater variety of amazing vegan options than ever before! As a matter of fact, it's growing so fast that it's outpacing the overall growth of food sales, which is just amazing.Plant-based milk is still the market's largest category, accounting for 35% of the total market. Most amazingly, Plant-based milk accounts for 15% of all dollar sales of retail milk! people just seem to be loving their cruelty free lattes!
Plant-based milk is still the market's largest category, accounting for 35% of the total market. Most amazingly, Plant-based milk accounts for 15% of all dollar sales of retail milk! people just seem to be loving their cruelty free lattes...
Plant-based meat is also on the rise, with Over 290 million units sold in 2020 alone. Plant-based meat sales now account for 2.7% of all dollar sales for retail packaged meat, and if this category will grow similarly to the plant-based milk category, it is predicted to also reach 15% of total retail meat sales in no time!
All of this means that when there are so many high quality options to choose from, people are starting to go for plant-based products instead of meat and dairy products, and that is definitely a step in the right direction.
