Tuesday, May 05, 2020

Alternative Meat Sales Soar Amid Pandemic

Grocery store popularity of alternative meat—like veggie burgers and plant-based proteins—has skyrocketed amid the pandemic in the U.S. with sales about doubling for top brands since President Trump declared a state of emergency on March 13; experts attribute this to consumers’ desire for sustainable and healthy food—compounded by meat facility closures and supply chain disruption.

KEY FACTS

Nielsen reported that fresh meat alternative sales increased 255% in the last week of March (compared to the same week in 2019), fully outpacing the growth of meat sales, which increased 53% over the same period. 
“The crisis has encouraged a sense of new product discovery in this category,” Jaime Athos, Tofurky CEO told Forbes. “Consumer awareness of the positive social and environmental impacts of plant-based proteins are continuing to grow...compounded more recently by the closure of meat production facilities and supply chain disruptions.”
Conagra’s Gardein—which makes fish, chicken, beef and fish alternatives—told Forbes that sales increased by 65% from March 13 to April 19 compared the same period in 2019.
Tofurky, which sells 35 different plant-based alternative meat products said to Forbes that sales have increased 40% in the last twelve weeks, with the sale of its plant-based ham growing 631% compared to the same period last year.
Kellogg’s plant-based meat brand MorningStar Farms reported to Forbes a 66% increase in March sales, driven by frozen vegetable proteins.
38% of Gardein buyers were first-time customers, which Conagra’s Senior Vice President of Demand Sciences Bob Nolan told Forbes reflects the growing interest in plant-based proteins.


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