07 Apr 2021 --- The plant-based food market in the US grew almost twice as fast as the total retail food market, which increased 15 percent in 2020 as COVID-19 shuttered restaurants and consumers stocked up on food amid lockdowns. Overall, the meat-free sector grew by 27 percent, bringing up the total US plant-based market value to US$7 billion. This upward momentum is presented among new data released by the Plant Based Foods Association (PBFA) and The Good Food Institute (GFI), which details the double-digit trajectory of US retail sales of plant-based foods over the last year. Meanwhile, industry watchers looking east are observing a “quiet food revolution” in Asia, where food giants Nestlé and Beyond Meat have recently spearheaded meatless production sites in Malaysia and China, respectively.
