Fueled by increasing consumer interest in health and wellness and a desire to lessen our impact on the environment, plant-based food alternatives today are growing nearly two times faster than total U.S. retail food sales. The segment grew 27% last year as sales jumped from $5.5 billion in 2019 to $7 billion in 2020, according to data from SPINS and The Good Food Institute.
As consumers continue to be more mindful of their health and wellness by seeking better-for-you options, clean label is becoming increasingly important to food manufacturers. While the FDA hasn’t offered a concrete definition or regulatory restrictions of clean label, it can simply be described as fewer and simpler ingredients.
If you’re looking for a food flavoring manufacturer, we know you are looking for the best. After all, flavor is your product’s competitive advantage and that means you want the best results, which can only be delivered by the best food flavoring manufacturer.
Plant-based food is growing nearly two times faster than total U.S. retail food sales. New data from SPINS and The Good Food Institute shows the segment grew 27% last year as sales jumped from $5.5 billion in 2019 to $7 billion in 2020.
Amazing things are happening in the plant-based food category as consumer interest continues to rise. Future growth and the strength of the segment will rely on ongoing flavor innovation, which will take plant-based products to the next level.
The plant-based food category is the fastest-growing segment in the industry today. Newly published data from SPINS, commissioned by the Good Food Institute and the Plant-Based Foods Association, reports plant-based sales reached $7 billion, growing 27 percent in 2020 – almost two times faster than total U.S. retail food sales.