Sales of alternative meats and poultry are projected to grow from $1.3 billion in 2020 to $2.0 billion by 2024, per a Packaged Facts report on alternative meat. Beef, followed by pork and chicken, will be the largest categories, enjoying yearly double-digit growth. Sales of alternative seafood will reach $62 million by 2024. Plant-based dairy will grow from $4.3 billion to $5.2 billion by 2024, according to a Packaged Facts alternative dairy product report. Milk, followed by ice cream, yogurt, creamers, and cheese will be the largest categories; spreads, dips, sour cream, sauces, and cheese will have double-digit growth. Sales of egg alternatives will reach $50 million by 2024. One-quarter of adults eat plant-based meat or poultry. Millennials, Gen Z, members of upper income households, urbanites, and those with kids at home are most likely to do so. Forty-two percent use plant-based milks; 9%, ice cream; 8%, creamers; 8%, yogurt; 7%, butter; and 5%, cheese.
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AuthorArticles curated by the Bergen Review Team Archives
May 2023
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