Plant-Based Protein Foods Sales Rose to $4.5 Billion
USAgNet - 07/18/2019
U.S. sales of plant-based foods grew 11% last year as retailers increasingly put them on shelves next to their animal-based counterpart.
The Minneapolis Star-Tribune reports that the annual numbers show where the plant-based market has matured, such as alternative milks, and where it is just getting started, like plant-based eggs. The sales update, published by Good Food Institute (GFI) and
Plant Based Foods Association (PBFA), two interest groups advancing plant-based foods, offers a yearly glimpse into this burgeoning market that reached $4.5 billion in the last year, ending in April 2019.
Plant-based foods are no longer hyper-niche products relegated to small sections of a grocery store aisle. There has also been an uptick in innovation, leading to new products that are appealing to more than just vegans and vegetarians.