Viva! on LinkedIn: Lidl Netherlands found that sales of plant-based meat increased by 7% when… (2024)

FAQs

What are the statistics on plant-based meat? ›

In the USA, 65% of respondents had consumed plant-based alternatives (defined as products that attempt to mimic the flavor and texture of animal protein but are made with only plant products) in the previous year, while 20% consumed them at least weekly and 22% on a daily basis.

A report by CNBC last year, on efforts being made by plant-based giants Beyond Meat and Impossible Foods to reach price parity with meat, explains that some of the economic obstacles for alternatives brands include small-scale production, supply chain issues (only a few countries produce pea protein, including Canada) ...

The global plant-based meat market is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027.

People who ate plant-based meat products had no significant differences in cardiometabolic health metrics compared to people who ate animal meat, a new study found. Experts say the sodium, saturated fat, and high degree of processing in plant-based meats likely accounts for their impact on heart health.

Plant-based food sales fall to $8.1B as consumers demand lower prices and higher quality. Though the space has made strides to reach more people, only 15% of U.S. households purchased its products in 2023, compared to 19% in 2022. This audio is auto-generated.

While there was a surge in sales of plant-based meat products during the pandemic (2019-2020), plant-based meat and seafood sales fell significantly in 2023. Sales dropped 12% since 2022 and by 13% since 2021, standing at $1.2 billion in 2023.

New research shows that although plant-based meat products are generally healthier than meat equivalents, they can be higher in sugar and are often lacking important nutrients found in real meat.

Plant-based meat alternatives provide a highly nutritious food profile that can be lower in saturated fat and sodium than animal meat. In addition, they also provide important nutrients such as fibre, which is a nutrient that is not consumed enough.

Plant-based meat alternatives often contain more sodium than animal meats—in some examples up to six times more—and some of them contain added sugars, artificial coloring, and controversial additives like carrageenan and methylcellulose, which are bulking agents.

They knew their target audience was young (Millennial and Gen Z) flexitarians, vegans and vegetarians who were concerned about the environment and their health.

Is plant-based meat the future of food? ›

The new food future

Indeed, Lux Research predicts that by 2054, plant-based meat will command one-third of the global meat market. There are multiple ways to help animals and create a more sustainable food supply.

The audience for meat substitute products often includes vegetarians, vegans, people following religious dietary laws, and consumers who do not follow a specific diet, but prefer to reduce their meat intake.

However, we do know that consuming a high quantity of processed food – specifically what's known as 'ultra-processed' – is bad for health. Almost all meat substitute products are processed: this is needed to mimic the texture, flavour and appearance of conventional meat, or to achieve a similar protein contribution.

The Impossible Burger can be a sustainable alternative to regular burgers and does contain higher amounts of several important nutrients, including vitamin B12, folate, and thiamine (3, 4 , 5 ). However, the Impossible Burger contains more sodium than regular ground beef and is lower in some vitamins and minerals.

Net revenues decreased 30.5% to $102.1 million in the second quarter of 2023, compared to $147.0 million in the year-ago period. The decrease in net revenues was driven by a 23.9% decrease in volume of products sold and an 8.6% decrease in net revenue per pound.

The global food market provides a good indication of how veganism is exploding around the world. In 2021, the global vegan food market was close to 16 billion US dollars. It is expected to reach a value of over 24 billion by 2026.

In terms of continents, North America has the highest meat consumption rate at just under 100 kilos per person per year, closely followed by Oceania at nearly 75, Europe at close to 64 and Latin America and the Caribbean at just below 61 kilos.

High impact of meat consumption can be reduced with substitute products. Plant-based meat substitutes have on average 50% lower environmental impact.