New GFI State of the Industry Reports Show Alternative Proteins Are Poised to Flourish Post-Covid-19.
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Covid-19 has led to a drastic increase in retail food sales and at-home consumption.
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SPINS data compiled by GFI shows that U. S. plant-based meat retail sales grew by 18 percent in 2019 to $939 million.
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Since February, year-over-year growth of plant-based meat sales has greatly outstripped conventional meat.
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In China, Starbucks, KFC, and Papa John’s all launched plant-based meat products in early 2020.”