The Retail Rundown: How Do Plant-Primarily based Meat Gross sales Fare at Retail?
Plant protein has piqued elevated curiosity amongst customers lately. Inside the plant protein enviornment, plant-based meat ranks second when it comes to gross sales {dollars}, behind plant-based milk.
Boosted by rising demand amongst customers, whether or not vegan, vegetarian, or flexitarian, plant-based meat gross sales climbed to $1.4 billion in 2020, in line with the Good Meals Institute. That was up 45% from 2019 and a file 12 months of development. Nevertheless, greenback gross sales of plant-based meat in 2021 had been flat with the 12 months prior at $1.4 billion.
Like typical meat, the plant-based business has weathered latest years of pandemic-related challenges together with provide chain points and inflation. A deeper dive into Data Assets, Inc. (IRI) information means that plant-based gross sales at retail might proceed to stall following its sharp upward trajectory three years prior…
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