Ethical Markets share: Dr. Hazel Henderson, CEO ©2020 www.ethicalmarkets.com
PLANT-BASED FOOD RETAIL SALES HIT $5 BILLION
“Ethical Markets joins our friends at the Good Food Institute in following all the exciting trends in plant-based foods, including in our Green Transition Scorecard reports;
2019 marked another impressive year for plant-based foods! New data shows that total plant-based retail sales reached $5 billion and grew 11 percent over the past year—almost five times faster than total U.S. retail food sales. Dollar sales of plant-based foods grew 29 percent over the past two years, compared to just 4 percent growth for total U.S. retail food dollar sales over the same time period.
The Good Food Institute and the Plant Based Foods Association (PBFA) commissioned this data from leading market research firm SPINS. The data summarized in our analysis represents U.S. retail sales of plant-based foods that directly replace animal products, including meat, seafood, eggs, and dairy, as well as meals that contain meat, seafood, eggs, and dairy replacements. This data covers the grocery marketplace and was obtained over the 52-week and 104-week periods ending December 29, 2019, from the SPINSscan Natural, Specialty Gourmet, and Conventional Multi Outlet (powered by IRI) channels. Click below link for full articles.