Plant-Based Food Continued to Sprout During the Pandemic
U.S. retail sales rose 27% to $7 billion in 2020
Plant-based eggs saw the biggest gains last year.
Javier Zayas Photography 6 hours ago
Plant-based meat, dairy and even eggs are showing no signs of slowing down. Last year, total U.S. retail sales increased to $7 billion, up 27% compared to 2019, according to a new report from the Good Food Institute (GFI) and the Plant Based Foods Association (PBFA).
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New Report: US Plant-Based Food Sales Exceeded $7 Billion in 2020
The plant-based movement gains greater traction every day, with the popularization of alternative cuisines across the United States. Plant-based food experienced a growth of 27 percent throughout 2020, surpassing $7 billion in sales and showcasing to the world shifting consumer trends. The Good Food Institute published the report commissioned by the Plant-Based Foods Association (PBFA) and compiled by SPINS that revealed the popular surge of plant-based products.
“The data tells us unequivocally that we are experiencing a fundamental shift,” Senior Director of Retail Partnerships at PBFA told Plant Based News. “An ever-growing number of consumers are choosing foods that taste good and boost their health by incorporating plant-based foods into their diet. As the industry surpasses the $7 billion thresholds.PBFA is excited to continue our work to help build a sustainable infrastructure, including domestic ingre
U S plant-based food retail sales jumped 27% in 2020 supermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from supermarketnews.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
Plant-based food retail sales were worth $7 billion in 2020, posting a 27% growth rate overall for products that specifically replace animal-derived options, according to SPINS data released by the Good Food Institute and the Plant Based Foods Association (PBFA). A total of 57% of U.S. households purchased plant-based food in 2020, up from 53% in 2019.
Plant-based meat had $1.4 billion in sales, growing 45% overall compared to 2019 and making up 2.7% of all U.S. retail packaged meat sales. Refrigerated plant-based meat sales saw the highest growth percentage, up 75% in 2020.
The coronavirus pandemic brought on a boom in plant-based sales in 2020, as consumers looked for products they thought were better for them or discovered the brands on store shelves as many conventional meat producers faced production challenges.