Unlike some other plant-based. According to PitchBook, companies creating bio-engineered foods — which includes plant-based, cultivated, and fermented proteins— raised $5.2 billion in global Venture Capital funding as of November 2021, marking a 68% year over year increase. (Nov 23). 6; Whether for health reasons, climate change or animal welfare, vegan statistics show the plant-based population continues to spike. Looking forward, IMARC Group expects the market to grow at a CAGR of 10.4% during 2021-2026. Latest Study on Industrial Growth of Global Plant-based Snacks Market 2021-2027. Plant-Based Food Options Expand in Major Grocery Chains Across the US. Alternative eggs were the fastest-growing product segment. GFI noted that the largest plant-based category is milk, and 42% of U.S. households purchased plant-based milk in 2021. Sales: Plant-based options abound 5 20% Of food & beverage dollars come from products that meet a plant-based diet Size Growth vs 2YA Proven Bean protein $56.2B +13.6% Soy protein $36.6B +12.3% Rice protein $22.6B +14.4% Growing Seitan protein $22.4B +14.8% Pea protein $5.0B +24.4% Emerging Pumpkin seed protein $931M +24.5% Spelt protein $710M . By Liz Wells in Industry News 13th January 2021. Sales of foods and beverages positioned as plant-based reached $5.6 billion in multi-outlet, specialty, and natural channels, up 29% for the year ended Dec. 27, 2020, according to SPINS. Plant-based meat's share of meat in the Natural Enhanced Channel is now 14%. As per the latest report by IMARC Group, titled "Plant-based Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global plant-based food market reached a value of US$ 35.6 Billion in 2020.Plant-based food refers to a variety of food products derived from vegetables, fruits, nuts, whole grains, legumes, oils and other plant sources. These were the conclusions reached by the expert panellists at the recent Plant-Based Innovation session of our Growth Asia Interactive Broadcast Series 2021, organised by FoodNavigator-Asia and NutraIngredients-Asia . Vegans and vegetarians have been making chicken substitutes out of wheat and soy . Plant-based food has taken the market by storm. Nestlé reported 'strong' growth of its plant-based brands when it delivered its full year results. Plant-based milk leads the way when it comes to dollar sales, now representing 16% of the entire milk category. The retail market for plant-based food grew significantly from 2019 to 2020. Plant-Based Food Sales Hit $7.4B in 2021 - Food Dive Plant-based grew at a rate three times greater than all other food in the grocery store, which had a 1.8% growth rate last year. Print. The movement is also almost twice as popular as it was just five . Plant-based meat sales reach $1.4 billion in 2020 The plant-based meat category crossed the billion dollar mark in 2020, reaching $1.4 billion worth of sales by the end of the year. Globally, 56% of plant consumers are attempting to eat more plant-based foods and beverages, according to ADM research. Our theme of Plant-Based Meat Stocks includes companies that produce plant-based meat and related vegan ingredients. In 2021, plant-based meat's dollar share was 2.7% of retail packaged meat sales, or 1.4% of the total meat category (including random weight meat). In 2018, Impossible Foods, the Silicon Valley-based alternative meat company known for its plant-based burger that "bleeds" like the real thing, made its nationwide fast food debut at all . This follows an even bigger drop in the category earlier in 2021 starting around April, when the plant-based category dropped over 15% year over year. The plant-based categories analysed were meat, milk, yoghurt, cheese, ice cream and fish, depending on the availability in each country. A New Crop of Plant-Based Foods . This data was released in a new report compiled by nonprofit Good Food Institute (GFI) which also pointed out that when it comes to unit . Plant-based food sales tallied $7.4 billion in 2021, an increase of 6% above 2020, according to data from SPINS , the Plant-Based Foods Association and the Good Food Institute. Plant-based meat's share of meat in the Natural Enhanced Channel is currently 14%. Last year set a new record for the U.S. retail plant-based food market which grew 27%, reaching $7 billion, according to the Plant Based Foods Association. Major plant-based meat and dairy brands like Beyond Meat, Impossible Foods, and Oatly are driving some of this growth. Demand is increasing as. New retail sales data from SPINS, released by the Good Food Institute and Plant Based Foods Association, shows that the U.S. retail plant-based food industry grew 6% in 2021 to $7.4 billion, a slower pace than the year before. The plant-based foods outlook looks positive in 2021. According to the Good Food Institute, grocery sales of plant-based foods that directly replace animal products have grown 27% in the past year to $7 billion with 98% of those Americans who are buying plant-based meat also purchasing conventional meat. Sales of meat alternatives jumped 11% during this time to $922.2 million. The theme has returned about 15% . Sales figures from IRI, a Chicago-based market research firm, showed how demand in the United States soared during COVID-19 in both 2020 and 2021. Sales of plant-based food increased 50% year-on-year in the first week of January, as many consumers switch to meat and dairy alternatives for Veganuary, new research reveals. Plant-based food sales growth cools in 2021. The members of Plant-Based Foods of Canada (PBFC) are part of the ecosystem of plant-based food products. One of the food giant's biggest drivers: plant-based food. In 2020, total U.S. retail plant-based food sales grew 27%, to $7 billion. Plant-based milk, which now accounts for 16% of . U.S. retail sales of plant-based foods have increased 11 percent from 2018 to 2019, hitting a plant-based market value to $4.5 billion. New York, August 11, 2021 - The plant-based foods market could make up to 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020, according . that provide choice for Canadian consumers as they look to include more plant-based options in their diets. No two ways about it: Plant-based meat has hit a sales slump. The latest Dunnhumby Beyond data, taken from the past week's shopper . Plant-based products are rising in popularity alongside a notable shift toward more environmentally sustainable and healthy food choices. Veganuary 2021 saw a record-breaking 582,538 sign-ups, while one vegan meat brand saw its sales spike by more than 200%. The growth rate for the U.S. plant-based food market more than doubled in 2020, as sales surged 27% to $7 billion, according to the Plant Based Foods Association . While plant-based beef held center stage in 2020, vegan-friendly seafood appears to be waiting in the wings for its big moment. Moss Landing, CA—By looking at market research and its own sales trends, Sweet Earth Foods has predicted 6 plant-based food trends for 2021 in a press release. The plant-based foods sector is expected to see huge growth over the next decade as consumer habits transform, according to a new report. Grocery sales of plant-based foods that directly replace animal products grew 12.1% to $1.3 billion in the 52 weeks ending July 31, 2021, and 53% over the past two years, according to data from NielsenIQ. Sales across the board for Nestlé grew by more than three percent in 2021 to more than $94 billion USD. Growth in the segment outpaced all other food categories amid the coronavirus pandemic, with plant-based meat sales up 148 percent in 2020 compared to the. Sales of plant-based foods and beverages reached a record high of $7.4 billion in 2021, the Plant Based Foods Association announced Thursday. Despite the economic hardships of the global pandemic, supply chain issues, and inflation, new data has revealed the unstoppable growth of the plant-based industry in the US.Retail sales of plant-based foods grew 6.2% in 2021 bringing the total plant-based market value to a record high of $7.4 billion. Interest in plant-based eating is increasing as people become aware that plant-based foods. In 2021, egg substitutes had the highest dollar sales value growth in the plant-based food market in the United States. Plant-based milks remains the largest animal-based alternative product category and reached sales of $2.5 billion in 2020, according to the SPINS data, 20% higher than in 2019. 6. Plant-based burgers continue to be the top-selling product type in the plant-based meat category. As in past years, much of this growth was driven by refrigerated plant-based meat, which is taking an increasingly larger share of the plant-based meat category. Plant-based milk dollar sales grew 4% and 33% in the past three years to reach $2.6 billion —while animal-based milk sales declined 2% in 2021. After noting the popularity of plant-based burgers, and the double-digit sales growth in plant-based foods in 2020, food manufacturers are making over other animal-based foods. Orders for plant-based products from large food distributors were up 20 percent in June from the same time in 2019, according to the NPD Group. 2021 will be fish. But, CEO Mark Schneider stressed, the opportunity is much bigger than meat-free burgers or bangers. Sales of plant-based foods/drinks intended to substitute for animal products reached $7 billion for the year ended Dec. 27, 2021, up 27% versus 2019, per the Plant-based Foods Association (PBFA). New retail sales data from SPINS, released by the Good Food Institute and Plant Based Foods Association, shows that the U.S. retail plant-based food industry grew 6% in 2021 to $7.4 billion, a slower pace than the year before. KANSAS CITY — Retail sales of fresh and frozen plant-based meat alternatives are decelerating. After record growth in years prior, 2021 plant-based meat dollar sales remain strong, delivering a repeat year of $1.4 billion in sales, and growing 74% in the past three years. [3/16/2021] Plant Based Meat Stocks To Watch. By Liz Wells in Industry News 13th January 2021. Plant-based dairy products boost sales Leading the way for plant-based growth, plant-based milk brought in $2.6 billion in sales in 2021, up $105 million (a 4% increase) from 2020. The growth was powered by a 43% increase in households that purchased meat alternatives. Sales of plant-based dairy and meat alternatives reached $29.4 billion in 2020, and could increase to $162 billion by 2030, comprising 7.7% of the global protein market. 2 Plant-Based Food Stocks to Avoid By Timothy Green - Jun 24, 2021 at 7:15AM You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. About Plant-Based Foods. Plant-based grew at. December 28, 2021 The numbers alone tell an impressive story: retail sales of plant-based food in the U.S. topped $7 billion in 2020, according to the Good Food Institute, with signs pointing to. Offered in multiple forms like shredded, ground or fried, the at-home trend will likely mirror the spike in […] Last year, plant-based meat sales were up 45%, rising to 2.7% of all . The theme has returned about 15% . New U.S. retail data commissioned by the Good Food Institute and the Plant Based Foods Association from SPINS shows that plant-based food dollar sales grew six percent in 2021, three times faster than overall food sales, bringing the total market to $7.4 billion. Also as a result of this merchandising, refrigerated plant-based meat sales grew more than twice as fast as frozen plant-based meat sales, which grew 30% in last year — 10 times faster than in 2019. Driven by changing expectations of citizens, customers, governments and increasing interest by the investor community, I highlight 6 trends which I predict will continue to drive plant-based food and drink innovation in the global marketplace throughout 2021: High Protein Leguminous Crops - Legumes are valued . Dollar sales of plant-based food hit $7.4 billion in 2021, growing by 54 percent since 2018—greatly outpacing total food dollar sales, which only grew two percent in the last three years. - Plant-based milk is the #1 grocery category in plant-based foods, almost double the size of the next largest category, plant-based meat - Consumers purchased more plant-based foods than ever before as plant-based food retail sales grew around three times faster than overall food retail sales - Plant-based foods are showing growth across the board, with three-year industry growth at 54% .

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