U.S. Plant Based Food Retail Market Worth $5 Billion

The Plant Based Foods Association says retail sales of plant-based foods have grown 11.4% in the past year, bringing the total plant-based market value to $5 billion. The total U.S. retail food market has grown just 2.2% in dollar sales during this same period.

The association, along with the Good Food Institute, says the leading drivers of plant-based sales continue to be plant-based milks, meat, dairy alternatives in general, and plant-based meals. The total plant-based meat category alone is worth more than $939 million, with sales up 18% in the past year.

Refrigerated plant-based meat is driving growth, up 63%.

Emerging plant-based dairy categories are growing even faster as more households are introduced to new plant-based dairy items. In the past year, plant-based yogurt has grown 31%, while plant-based cheese has grown 18%. Plant-based creamers alone account for almost $300 million, growing 34% with its share of total creamers growing from four percent a year ago to five percent in 2019.

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com