Home » Plant-Based Food Sales Up 20 Percent, Report Finds
Category News Dairy Home Page Latest News Meat/Seafood/Poultry National

Plant-Based Food Sales Up 20 Percent, Report Finds

A chart illustrating the increase of plant-based food sales

The Plant Based Foods Association (PBFA), a trade association representing 114 plant-based food companies, has released new data showing robust sales in the plant-based foods industry with dollar sales growth of 20 percent over the last year and sales topping $3.3 billion.

“The plant-based foods industry has gone from being a relatively niche market to fully mainstream,” said Michele Simon, executive director of PBFA. “Plant-based meat and dairy alternatives are not just for vegetarians or vegans anymore; now even mainstream consumers are enjoying these delicious and innovative options in the market today.”

The custom dataset—commissioned by PBFA from Nielsen—shows the total market for the plant-based food sector in Nielsen’s “Expanded All Outlets Combined Channel” is up 20 percent in dollar sales over the last year, as compared to an increase of 2 percent for all foods sold in the same channel. All food departments include refrigerated, deli, grocery, dairy, meat, produce, bakery and frozen foods.

Click to expand

The data shows that “other” plant-based dairy alternatives, which excludes milks, are experiencing explosive growth, up 50 percent. Other plant-based dairy alternatives include plant-based cheeses, creamers, butter, yogurts and ice creams. Additional data shows:

  • The plant-based milk category is up 9 percent (compared to 3 percent the previous year), and comprise about half the total dollar volume, at $1.6 billion.
  • Cow’s milk dollar sales are down 6 percent. Plant-based milk comprises 13 percent of total milk sales.
  • Plant-based meats are growing at 24 percent (compared to 6 percent the previous year), topping $670 million in sales.
  • Plant-based creamers have seen a 131 percent increase, with $109 million in sales.
  • Plant-based cheeses are growing at 43 percent, at $124 million.
  • Plant-based yogurts are growing at 55 percent, at $162 million in sales.

“The new data confirms what we are hearing and seeing every day from our members: sales are up, investment is increasing, and new jobs are being created in the plant-based foods industry,” said Simon. “It is important that regulators and legislators treat our industry fairly and the playing field for plant-based foods is level and fair at the state and national levels.”

This is the second year PBFA has released Nielsen retail sales data. Last year, plant-based foods grew 8 percent.

“With an increased growth rate of 20 percent, it’s clear that the plant-based foods industry is a food industry leader that consumers, foodservice and retailers are taking seriously,” PBFA concluded.

Keep reading:

Plant-Based Product Claims See 62% Increase Over Five-Year Period

Plant-Based Meat Company Beyond Meat Plans Global Expansion

Don Lee Says It Has Sold 1M Plant-Based Burgers In Less Than 60 Days

Can retailers and suppliers defend against the supply chain catastrophe?

Advantage Group USA provides enlightening answers to questions regarding how the supply chain crisis should be approached.

Learn More From Advantage

Featured Photos

Featured Photo 'Pipeline To A Cure' Cystic Fibrosis Fundraiser
Hyatt Regency Resort
Huntington Beach, California
Share via
Copy link
Powered by Social Snap