Plant-Based Food Sales Exceed $3.7 Billion
Sales of plant-based foods increased by 17 percent over the past year to exceed $3.7 billion, according to recently released data from the Good Food Institute. This shift is driven primarily by plant-based meat sales, which increased 23 percent, up from just six percent growth the previous year.
Approximately 12 percent of households now voluntarily buy plant-based alternatives according to the data, which was commissioned from Nielsen by GFI. The plant-based meat industry, specifically, is growing in all U.S. census regions, with some of the greatest growth coming from the middle of the country.
“The plant-based meat category today is reminiscent of the plant-based milk category about 10 years ago, when growth began to really take off,” says Caroline Bushnell, senior marketing manager at GFI, in a press release. “As it follows that trajectory, reaching share of market parity with plant-based milk would make the retail plant-based meat category worth almost $10 billion.”
This growth shows no signs of stopping; according to one Markets and Markets report published earlier this year, the plant-based meat substitutes market will likely reach $6.43 billion by 2023.
Fast Company reports that “a number of factors” are contributing to this increase in sales, including sustainability initiatives on the part of individual consumers and technological advancements from companies like Impossible Foods and Beyond Meat “that have transformed meat alternatives from rather dry, tasteless products into viable and delicious meals.”
Beyond Meat is the fastest-growing plant-based meat brand, according to the data, with sales up 70 percent.
The growth in this sector is particularly impressive given the lagging overall retail food sales sector. By comparison, U.S. retail food sales grew just two percent in the past year.
A recent EPIC-Oxford research review dubbed plant-based meat a “useful transition food” for people looking to live a healthier lifestyle, and research shows that many people purchasing these plant-based foods do so only part of the time. A recent Innova Market Insights report showed that 40 percent of U.S. customers have increased their consumption of plant-based alternatives in the past year. Meanwhile, only about six percent of U.S. citizens currently identify as vegan, according to a recent Top Trends in Prepared Foods in 2017 report.
Related on Organic Authority
Is Vegan the New Organic? Plant-Based Foods Top $3.1 Billion in Sales
Plant-Based Diet May Be the Key to Feeding the World
Busting 7 Plant-Based Diet Myths (Looking at You, Protein Deficiency!)
div style=”position: absolute; top: -19999px;left: -19999px;”>
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
catering
health
outdoors
Reduceweight
science
stretch
training
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
Fitnessequipment
fitness
nutrition
Nutritiousfood
routine
training
video
Yoga
Classiccars
evaluation
technique
transact
business
Fashionmagazine
Fashionshow
Femalemodels
fitness
health
lifestyle
Smalltools
Therecipe
travel
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
catering
health
Loseweight
outdoors
Reduceweight
science
stretch
training
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
business
fashion
fitness
health
lifestyle
news
Smalltools
Streetfashion
Therecipe
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
catering
health
outdoors
Reduceweight
science
stretch
training
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
Fitnessequipment
fitness
nutrition
Nutritiousfood
routine
training
video
Yoga
Classiccars
evaluation
technique
transact
business
Fashionmagazine
Fashionshow
Femalemodels
fitness
health
lifestyle
Smalltools
Therecipe
travel
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
catering
health
Loseweight
outdoors
Reduceweight
science
stretch
training
Abadgil
appetite
attitude
movies
rendezvous
sex
toys
business
fashion
fitness
health
lifestyle
news
Smalltools
Streetfashion
Therecipe
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
catering
health
outdoors
Reduceweight
science
stretch
training
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
Fitnessequipment
fitness
nutrition
Nutritiousfood
routine
training
video
Yoga
Classiccars
evaluation
technique
transact
business
Fashionmagazine
Fashionshow
Femalemodels
fitness
health
lifestyle
Smalltools
Therecipe
travel
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
catering
health
Loseweight
outdoors
Reduceweight
science
stretch
training
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
business
fashion
fitness
health
lifestyle
news
Smalltools
Streetfashion
Therecipe
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
catering
health
outdoors
Reduceweight
science
stretch
training
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
Fitnessequipment
fitness
nutrition
Nutritiousfood
routine
training
video
Yoga
Classiccars
evaluation
technique
transact
business
Fashionmagazine
Fashionshow
Femalemodels
fitness
health
lifestyle
Smalltools
Therecipe
travel
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
catering
health
Loseweight
outdoors
Reduceweight
science
stretch
training
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
business
fashion
fitness
health
lifestyle
news
Smalltools
Streetfashion
Therecipe
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
Fitnessequipment
fitness
Nutritiousfood
routine
training
video
Yoga
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
hygiene
industry
invest
markets
medical
Motorcar
Realestate
technique
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
Bigdata
business
Fashionshow
fitness
health
lifestyle
Smalltools
Therecipe
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
catering
health
outdoors
Reduceweight
science
stretch
training
business
cookbook
fashion
fitness
health
magazine
news
sports
Streetfashion
travel
art
fashion
health
music
photography
sports
Therecipe
tourism
travel
Fitnessequipment
fitness
nutrition
Nutritiousfood
routine
training
video
Yoga
Classiccars
evaluation
technique
transact
business
Fashionmagazine
Fashionshow
Femalemodels
fitness
health
lifestyle
Smalltools
Therecipe
travel
animation
car
games
Motorcar
movies
music
news
Scienceandtechnology
tutorial
catering
health
Loseweight
outdoors
Reduceweight
science
stretch
training
Abadgirl
appetite
attitude
movies
rendezvous
sex
toys
