What the Growth of Plant-Based Foods Means for Food and Beverage Manufacturers
There are more plant-based food and beverage products on the market than ever before. Whether it’s oat milk or meat alternatives, the appetite for plant-based foods is bigger than it’s ever been, with 6 out of 10 U.S. households purchasing a plant-based food item in 2022. The plant-based food market totaled more than $8 billion in 2022, and industry experts project the popularity and demand for plant-based food products will continue to grow and eclipse $160 billion by 2030. This means food and beverage manufacturers from traditional meat titans like Tyson to meat-free pioneers like Impossible Foods are accelerating their plant-based production to meet demand and lead the charge in the plant-based space.