Plant-Based Foods Association Reports Industry Growth

Data from the Plant-Based Foods Association shows sales of plant-based foods in the U.S. have grown 11 percent in the past year.
The report announced last week says the plant-based market is worth $4.5 billion.
The total U.S. retail food market has grown just two percent in dollar sales during the same period.
The association says the data proves plant-based foods are a key driver of growth for retailers nationwide.
Since April 2017, total plant-based food sales have increased 31 percent.
Additionally, plant-based foods unit sales are up 8.5 percent.
Association spokesperson Julie Emmit calls plant-based foods “a growth engine” for grocery sales.
The leading drivers of plant-based sales continue to be so-called plant-based milks and plant-based dairy such as cheese, yogurt, and ice cream, and plant-based meats.
The plant-based meat category is worth more than $800 million, with sales up 10 percent in the past year.
The report concludes that plant-based meat now accounts for two percent of retail packaged meat sale.

 


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