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CONSUMERS' PURCHASE OF PLANT-BASED PROTEIN FOODS JUMPS BACK TO PRE-PANDEMIC LEVEL
Sep. 7, 2023
Agri-Pulse reports:
Plant-based protein sales in the U.S. foodservice sector have nearly rebounded to pre-pandemic levels, according to a new report from the Good Food Institute. Sales at food service establishments reached 60 million pounds, or $304 million, last year.
That compares to 61 million pounds in 2019, with sales at $282 million. Sales dropped to 48 million pounds in 2020.
Still, only 10% of U.S. consumers purchased plant-based meat alternatives at a foodservice location in 2022, and most of those consumers only did so once during the year. GFI research analyst Ben Pierce says, "This signals a large runway for the plant-based meat category to further expand in the foodservice sector, if products can appeal to more consumers and earn greater loyalty."
To view the report click here.
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