Recent plant-based product launches are playing into this growth and are likely to stretch it even more. Should these trends continue at the current pace, it’s probable more manufacturers will add plant-based products to appeal to consumers and bolster their balance sheets.In the press release about the findings, Julie Emmett, PBFA’s senior director of retail partnerships, called plant-based foods a “growth engine” outperforming overall grocery sales. She said the expansion shows that the industry is at a tipping point, emphasizing the need for retailers to offer variety and maximize shelf space.Plant-based options expanded across product categories, growing much faster than conventional items. Sales of plant-based ice cream and frozen novelty items were up more than a quarter. Plant-based cheese sales increased by almost a fifth, whferrous fumarate 400 mgile the dairy-basedwhen to take iron and folic acid tablets variety remained flat. Sales of all plant-based meat — refrigerated and frozen — were up 10% last year, bringing the category’s worth to more than $800 million and now comprising 2% of all retail packaged meat sales.Similarly, sales of plant-based milk products expanded 6% in the past year, while sales of cow’s milk dropped 3%. The plant-based segment now makes up 13% of the entire milferrous gluconate rxk category, according to the report.Several manufacturers are jumping on board with plant-based products. Tyson Foods will debut meatless protein prochelated iron for humansducts later this year, and Nestlé will roll out a cook-from-raw plant-based burger this fall in the U.S. Impossible Foods, which has predominantly focused on restaurants, plans to launch its burger in retail outlets later this year. Perdue isferrous sulfate 15 mg 0.6ml taking the hybrid route by offering chicken products mixed with vegetables.As long as this growth continues, more food manufacturers will likely invest in plant-based foods and beverages and bring additional products to the market. For producers of conventional animal-based dairy and meat products, these latest sales figures could be a cause for concern about staying relevant in the face of such a shift.
Plant-based food market value hits $4.5B, with sales growing 11% in the past year
