Plant-based brands like Redefine Meat and our own portfolio company, TiNDLE, have expanded theirfood service footprintglobally andlanded major distribution deals. Ikea, thesixth-largest food chain in the world, haspledgedto make 50% of its menus and 80% of packaged food plant-based by 2025. ...
File photo of Impossible Foods product. Deloitte believesthe industry is sufferingfrom a perception problem, according to the report. The company surveyed 2,000 consumers in July and found a decline in the belief that plant-based meat is healthier and more environmentally sustainable than ...
Meat. The sales of its product didn't reach the number it had planned. The American company said it would cut its number of workers and other costs.Plant-based meats are seen as better for animals and the environment. But after early interest, business experts say people are not often bu...
Plant-based food is hot.1Plant-based alternative meat (PBA meat)2… not so much—at least right now. After years of double-digit growth, sales are now flat.3What’s happening? There are many contributing factors, including supply chain problems and a tough comparison point from an i...
The American company stores or choosing a meal said it would cut its number of workers and other costs.at a restaurant. Instead of the usual meat from animals, they are able to buy a new kind of Plant-based meats are seen as better for meat made from plants and formed by 3D animals ...
While dollar sales of plant-based meat remained steady at $1.4 billion in 2021, three-year growth for the category came in at +74%. And three-year unit sales growth for plant-based meat (+51%) far surpassed that of conventional meat (+9%). However, despite its strong growth,...
In 2023, milk alternatives had the highest sales value in the plant-based food market in the United States.
Plant-based meat products still lag behind their animal-based counterparts in terms of market size. The 264 percent uptick of faux meat sales represented an increase of $25.7 million, while fresh meat sales — up only 45 percent during the same period — saw a $3.8 billion total increase. ...
“There is a revolution going on in the plant-based meat space,” said Bruce Friedrich, executive director of The Good Food Institute. “Right now, the sector is small, but growing, and we are working hard to create a viable market sector. It is especially impressive to see that all the...
Tesco has today announced it will become the first UK retailer to set a sales target for plant-based meat alternatives as it steps up its work with its partner, WWF to halve the environmental impact of food production. The retailer has committed to a 300% increase in its sales of meat al...