Plant-Based Foods Association Reports Industry Growth

Data from the Plant-Based Foods Association shows sales of plant-based foods in the U.S. have grown 11 percent in the past year. The total U.S. retail food market has grown just two percent in dollar sales during the same period. The association says the data proves plant-based foods are a key driver of growth for retailers nationwide.

Since April 2017, total plant-based food sales have increased 31 percent. Additionally, plant-based foods unit sales are up 8.5 percent. Association spokesperson Julie Emmit calls plant-based foods “a growth engine” for grocery sales. The leading drivers of plant-based sales continue to be so-called plant-based milks and plant-based dairy such as cheese, yogurt, and ice cream, and plant-based meats.

The report says the plant-based market is worth $4.5 billion. The plant-based meat category is worth more than $800 million, with sales up 10 percent in the past year. The report concludes that plant-based meat now accounts for two percent of retail packaged meat sale.