More than Half of U.S Households Now Shop for Plant Based Food [MarketWatch]
The Very Good Food Company Inc. (VGFC)
Company Research
Source: MarketWatch
In fact, according to a press release from The Very Good Butchers, “More than half of U.S. households are purchasing strictly plant-based foods. The plant-based meat category has been on an upward trajectory and reached U.S. $1.4 billion in sales in 2020, growing 45% overall compared to 2019, and now accounts for 2.7% of all U.S. retail packaged meat sales, according to SPINS data released by the Good Food Institute and the Plant Based Foods Association (PBFA).” Further adoption of plant based diets could drive strong growth for companies such as Feel Foods Ltd. (CSE:FEEL)(OTC:FLLLF), Very Good Food Company Inc. (CSE:VERY)(OTC:VRYYF), Nabati Foods Global Inc. (CSE:MEAL), Amazon.com (NASDAQ:AMZN), and PlantX Life Inc. (CSE:VEGA)(OTCQB:PLTXF). In addition, according to the PBFA, “Plant-based food dollar sales are growing faster than those of many conventional animal products. In 2020, plant-based yogurt grew 20%, almost seven times the rate of conventional yogurt; plant-based cheese g
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