Retail sales of plant-based alternatives formulated to replace conventional meat, dairy, eggs and seafood products reached $5 billion in 2019, an 11.4% increase during the past year, according to the Plant Based Foods Association and the Good Food Institute. The data was obtained over a 52-week period ending December 2019 from the SPINSscan Natural and Specialty Gourmet, and SPINSscan Conventional Multi Outlet (IRI) channels.
Read full post here.