Growth spurt: Business booms for plant-based seafood alternatives

(12/30/19)

It’s a good time to be a U.S. plant-based food producer, according to new data released this summer by the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI).

The research, which was commissioned from wellness-focused data technology company SPINS, shows that the plant-based food category erupted by 31 percent over the past two years into a USD 4.5 billion (EUR 4.01 billion) industry at the national retail level, with 11 percent of that growth occurring just last year alone.

Meanwhile, the total U.S. retail food market grew by 2 percent in dollar sales during that same period –  indicating to PBFA and GFI “that plant-based foods are a key driver of..........................................................


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