GTFO It's Vegan Launches Research & Advisory Services to Help Plant-Based Companies
The plant-based foods market is forecasted to reach 7.7% of the global protein market by 2030, with a value of over $162 billion
GTFO It's Vegan officially launched GreatFoods Research & Advisory Services to help companies in the plant-based and vegan market achieve greater levels of success in a highly competitive and rapidly evolving sector.
According to the recent report "Plant-Based Foods Poised for Explosive Growth" published by Bloomberg Intelligence, the plant-based foods market is forecasted to reach 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020. However, recent plant-based sales in the US might indicate otherwise. Several recent articles published by FoodNavigator-USA reference the "weakening US retail sales of meat alternatives" -- from July 2022 versus July 2021, total sales dollars increased 7.6% to $120.2m, while total sales volume declined 5.1%.