Alt-meat retail sales under pressure in Feb.

Combined refrigerated and frozen plant-based meat alternatives generated $84.8 million in retail sales in the four weeks ending February 26, 2023. This was down 9.0% year-over-year, according to IRI point-of-sales for the conventional multi-outlet (grocery, mass/supercenter and club) channel. In addition to the drop in dollar sales, units and volume for combined frozen and refrigerated meat alternatives also declined versus year ago levels.