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Capitalism

January 15, 2021 - PR News Wire

Plant-Based Movement Continues Growing as Consumers Flock to Healthier Food Options

Plant-Based Movement Continues Growing as Consumers Flock to Healthier Food Options
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NEW YORK, Jan. 15, 2021 /PRNewswire/ -- 2020 was an interesting year in regards to consumer spending habits, with some trends resurfacing from the dead and others falling flat. One sector that experienced massive growth last year, and is expected to continue upward for years to come, is plant-based food.

Dollar sales of plant-based foods grew 11% in the past year and 29% over the past two years. At the same time, the global plant-based protein market is anticipated to register an annual growth rate of 7.0% to reach a valuation of USD 16.63 Million by 2027. Plant-based food companies like Beyond Meat (NASDAQ: BYND), Tattooed Chef Inc. (NASDAQ: TTCF), The Very Good Food Company (CSE: VERY) (OTCQB: VRYYF), and Else Nutrition Holdings (TSX-V: BABY) (OTCQX: BABYF) are capitalizing on the growing trend. Then there is PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF), which is focused on providing a one-stop-shop for everything plant-based and helping companies of all sizes get their products in front of consumers.

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