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Breakfast now rules the roost, but there are new opportunities across the day, especially in snacks and desserts. Here’s new consumer research to buttress your decision-making.
Plant-based alternatives to meat, milk and other products have been on an extraordinary growth track for the past five years. COVID, in fact, accelerated the motivation to buy, given concerns with health and safety.
A MATURING MARKET?
While the Global Climate Change Conference raised the bar on the environmental impact of producing animal-based food products, there are indications that the rate of plant-based growth is actually decelerating in the United States as the segment begins to mature.
We believe the long-term trend remains intact, but
Beyond Meat’s third quarter 2021 earnings report was disappointing. While discussions with industry analysts provided further texture, there’s no getting around that U.S. retail sales for Beyond Meat declined versus the previous quarter, previous year, and during the nine-month period ended October 2021 compared to the same period in 2020.