New Products, Growing Demand Fuel Growth Of Plant-Based Food Sales
www.forbes.com
Are companies deluging the market with new plant-based meat, egg and dairy alternatives because sales are on the rise or are sales growing by double digits annually because there are so many new products to choose from?

U.S. retail sales of plant-based foods grew 11.4% last year

One of the biggest growth categories last year was plant-based eggs

“Companies know that you need to have plant-based as a solution, especially when we’re talking about doing it sustainably and safely,” she said.

Bonus:

https://www.bloomberg.com/news/articles/2020-07-30/good-news-for-climate-change-as-world-loses-its-taste-for-meat

The Food and Agriculture Organization of the United Nations estimates that meat production—a decent proxy for consumption—dropped in 2019, and it forecasts a decline again this year.

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  • avogadro_seed [none/use name]
    1·
    4 years ago

    and 2020 forecasts are primarily due to Covid disrupting markets and production.

    Even if it's just a disruption it's great

    market disrupted, meat expensive, people eat more veg for 6 months, meat cheap again, people don't go back

    If you get get someone to be vegetarian for 1 month they'll probably never go back to their old eating habits. They may go back to meat but not the same amount.