– The retail market for plant-based foods has risen from $6.9 billion in 2020 to $7.4 billion.
– Dollar sales of plant-based foods have increased by 54 per cent over the last three years.
– Sales of plant-based foods grew three times faster than total food sales in 2021.
– In the US, total sales of plant-based foods in 2021 were £7.4 billion; plant-based meat sales were £1.4 billion, and plant-based milk sales were £2.6 billion.
– Over the past year, sales of plant-based foods increased by 6%, plant-based milk by 4%, while plant-based meat saw no increase.
– Over the past three years, plant-based foods increased by 54%, plant-based meat by 74%, and plant-based milk by 33%.
– Over the past three years, sales volumes have increased across all product categories except plant-based bars.
– Looking at the distribution within their own categories, plant-based milk increased its share of the total milk market from 12% in 2018 to 16%.
– Plant-based cream rapidly gained more share in the total cream category; its share rose by several points, from 5% in 2018 to 9% in 2021.
– As more product development and category innovation appeal to consumers on fundamental factors such as taste, price and convenience, plant-based categories are expected to follow the trajectory of plant-based milk and gain more share from their own categories.
– Retail sales of plant-based foods across Europe reached €3.6 billion in 2020. This represents a 28% increase compared to 2019 and a 49% increase compared to 2018.
– Germany led the market in 2020 with total sales of €993 million, followed by the UK with €750 million. Plant-based meat sales alone reached €1.4 billion in 2020, a 63% increase compared to 2018.
– Retail sales of plant-based meat in Western Europe are estimated to have increased by 19% in 2021, reaching a record €2.3 billion ($2.6 billion).
– According to Euromonitor data, global plant-based meat sales rose by 17 per cent in 2021 to €5.15 billion ($5.6 billion), while retail sales in Eastern Europe increased by 34 per cent to €176.6 million ($192 million).
