News

Plant-based Sector Pulls in $5 Billion in Sales

Shoppers spent billions of dollars in 2016 on cruelty-free alternatives to cheese, meat, and dairy.

A recent report by data company SPINS revealed that the plant-based industry made more than $5 billion in sales over a 52-week period ending on January 22, 2017. The report analyzed sales within the industry in four categories—including non-dairy beverages, meat alternatives, cheese alternatives, and tofu products. SPINS found that plant-based milk products grew by 13.1 percent and captured $4.3 billion in sales last year. The report found that cheese alternatives (which made $104 million in sales) are the fastest growing at 34.1 percent, and total plant-based meat sales exceeded $606 million. “The steady growth of the plant-based foods industry shows that consumers continue to shift away from animal products towards plant-based options,” executive director of food advocacy firm Plant Based Food Association Michele Simon said. Several food industry analysts predicted exponential growth of the plant-based sector in coming years, and a recent report compiled by market intelligence agency Mintel revealed that products with a vegan claim increased by 257 percent since 2011.

More News

Free Vegan Food at Bareburger for National Burger Day

Restaurant chain Bareburger will give out free plant-based burgers at its 19 NYC locations for three hours today in honor of National Burger Day.
Read More »

Vegan Kitty-Themed Lipstick Will Benefit Cat Rescue

Lime Crime is stepping up for animals by donating proceeds from new cat-centric makeup line to felines in need.
Read More »

Mexican Restaurant in Sydney Goes Fully Vegan

Bad Hombres will be the first 100 percent plant-based Mexican and Latin American eatery in Sydney.
Read More »

Printing Company Working to Veganize English Money

Banknote printing company is developing new money that doesn’t contain animal fat.
Read More »

Beyond Burger Expands to 280 Safeway Stores

Beyond Meat's vegan burger patties will soon be available at the meat department in supermarket chain Safeway across California, Nevada, and Hawaii.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »