Innovation investments

摘要

The plant-based food market grew 29% in the United States from 2017 to 2019, according to data compiled by SPINSscan and the Good Food Institute. Sales of plant-based foods were up around $5 billion in 2019 and pandemic-buying only increased con-sumers' interest in alternative proteins. Food retailers, consumer packaged goods companies (CPG), and large meat companies have taken notice. Investment is pouring into scaling up plant-based food production for many major food manufacturers. Companies are increasing pro-duction facility capacity for meatless proteins, partnering with innovators to meet the growing demand for plant-based meat alternatives, and experimenting with existing product lines.