The only subsegment delivering meaningful growth in unit sales was coconut milk, with dollar sales up 12.6% and units up 13.9% in the year to July 14, albeit off a small base.
US retail sales of plant-based meat fell 12% in 2023 with units down 19%, while plant-based milk sales were up 1% with units down 8%.
Pea milk maker Ripple Foods has raised $49m in a new round according to an SEC filing, taking its cumulative funding to more than $274m.
With Beyond Meat mulling a restructure of its operations in China due to lackluster demand, we caught up with investor Tao Zhang to get his take on the alt protein market opportunity in China.
US retail sales of oat milk, which have been driving most of the growth in plant-based milk in recent years, have started to decline.
NotCo has exited the refrigerated plant-based milk segment in the US and is now focused on building its presence in the shelf-stable category.
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