/PRNewswire/ The global plant-based milk market revenue totalled US$ 11 billion in 2020. With rising trend of veganism and surge in lactose intolerance.
New Report: US Plant-Based Food Sales Exceeded $7 Billion in 2020
The plant-based movement gains greater traction every day, with the popularization of alternative cuisines across the United States. Plant-based food experienced a growth of 27 percent throughout 2020, surpassing $7 billion in sales and showcasing to the world shifting consumer trends. The Good Food Institute published the report commissioned by the Plant-Based Foods Association (PBFA) and compiled by SPINS that revealed the popular surge of plant-based products.
“The data tells us unequivocally that we are experiencing a fundamental shift,” Senior Director of Retail Partnerships at PBFA told Plant Based News. “An ever-growing number of consumers are choosing foods that taste good and boost their health by incorporating plant-based foods into their diet. As the industry surpasses the $7 billion thresholds.PBFA is excited to continue our work to help build a sustainable infrastructure, including domestic ingre