GFI Report: plant-based sales hit $29B worldwide, fall in US

Annual review of plant-based proteins industry sees progress, recommends future strategies.

While estimated global sales of plant-based meat and dairy reached $29 billion last year, transaction volume fell at retail in the United States due to a combination of continued rising prices as well as consumer dissatisfaction with products’ taste and texture, according to the 2023 State of the Industry Report,…