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Power to the plants: Capitalizing on the plant-based momentum – digital magazine

Power to the plants: Capitalizing on the plant-based momentum – digital magazine
Consumer concern about the planet and the people and animals who inhabit it, combined with renewed interest in overall personal health, has led to a plant-based revolution. From meat and dairy alternatives to plant-based protein sources for bars and beverages, plant-based has reached the mainstream with consumers of all kinds. This magazine examines the novel formats and ingredients formulators are utilizing to keep up with demand.

Takeaways for Your Business:

  • The use of plant-based claims for global food and beverage launches had a CAGR of 37% from 2016-20.
  • U.S. retail sales of plant-based foods skyrocketed 27% to reach $7 billion in 2020.
  • The rise of the “flexitarian” consumer gives plant-based a market beyond vegetarians and vegans. 

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