Plant-Based Food Market Generates Over $7 Billion in Revenue During Pandemic
Last year, the US plant-based food market grew by 27% to reach $7 billion, growing nearly twice as fast as the total US retail food market.
- Last year, the US plant-based food market grew by 27% to reach $7 billion, growing nearly twice as fast as the total US retail food market.
- The plant-based milk category took the lead at $2.5 billion, accounting for 35% of the total plant-based food market, while plant-based meat brought in $1.4 billion.
- Companies in the baby food market are taking note of changing consumer needs and launching new products to cater to the growing market.
- Else Nutrition Holdings Inc. (TSXV:BABY) (OTCQX:BABYF)is disrupting the global infant and children nutritional market with its clean-label plant-based products.