Study: Plant-based foods sales experience 8.1% growth over past year
The data showed that plant-based dairy alternatives are a fast-growing category, with 20% growth, topping $700 million in sales over the past year.
The Plant Based Foods Association, San Francisco, and The Good Food Institute, Washington, D.C., released new data commissioned from Nielsen, Chicago, which shows the total market for the plant-based food sector topping $3.1 billion in sales.
According to the data, the growth overall in plant-based foods was 8.1% since last year, as compared to a decline of 0.2% all foods sold in the same channel. (All food departments include deli, grocery, dairy, meat, produce, bakery and frozen foods). The data scans all outlets, including grocery stores, drug stores, mass merchandisers, club stores, dollar stores and military stores, plus Whole Foods. This custom data set was compiled from specific lists of plant-based foods for each category that represents a replacement for animal products.