Retail alt-meat sales still looking for the bottom

Retail sales of refrigerated and frozen plant-based meat alternatives combined generated $83.0 million in the four weeks ending May 28, down 12.2% year-over-year, according to Circana point-of-sales data for the conventional multi-outlet channels (grocery, mass/supercenter and club). Unit and volume pressure for combined frozen and refrigerated meat alternatives intensified versus the 52-week look shown below.