Study: Plant-based food retail sales growing 5 times total food sales
Plant-based food is where the growth opportunity is for retailers.
New data show that the U.S. plant-based foods retail market is worth $4.5 billion, and grew five times faster than total U.S. retail food sales over the past year.
The Good Food Institute (GFI), Washington, D.C., and the Plant Based Foods Association, San Francisco, commissioned this data from SPINS, Chicago, to use SPINS’ “plant-based positioned” product attribute and then drill down into the data for plant-based foods that directly replace animal products (e.g., meat, seafood, eggs, and dairy) as well as meals that contain animal ingredient replacements.