Category: vegan

Timeline: The Rapid Evolution of Plant-Based Alternatives



The following content is sponsored by Billy Goat Brands (CSE: GOAT) (“GOAT”)

plant-based alternatives timeline infographic

Timeline: The Rapid Evolution of Plant-Based Alternatives

From plant-based Chick’n Tenders to dairy-free Mylk, consumers are spoilt for choice when it comes to alternatives products on the market.

With an explosion of new options hitting shelves at lightning speed and consumers growing more knowledgeable of plant-based diets, a shift towards eating less meat is being felt across the globe. But how did this movement come to be?

The infographic above from Billy Goat Brands (CSE: GOAT) (“GOAT”) maps out the most notable milestones in the last two decades that have contributed to the evolution of this growing market. Let’s dive in.

Key Events

Although it may feel like we are undergoing a massive transformation when it comes to alternatives, vegetarianism is nothing new. In fact, meat alternatives like tofu have been around since as early as 200 BCE.

Since then, many cultures have made plants a staple in their diet and as of 2021, there was an estimated 79 million people in the world who eat strictly plant-based.

In the table below, we break down the milestones of note that contributed to the growing plant-based market over the last 20 years:

YearKey Event
2002Quorn enters the North American market
2003Plant-based food producer Gardein launches
2009Beyond Meat is founded
2011Impossible Foods is founded
2011Sophie’s Kitchen—a plant-based seafood alternatives company—is founded
2013The first plant-based egg substitute is created by San Francisco based startup (Read more...)

Why the 2020s Are A Watershed Decade for Plant-Based Alternatives



The following content is sponsored by The Very Good Food Company

plant-based alternatives infographic

The 2020s: A Watershed Decade for Plant-Based Food

Are you among the millions of people who have been eating less meat in recent years? Plant-based alternatives are exploding in popularity, a trend that has become especially apparent during the pandemic.

This infographic from the Very Good Food Company (VGFC) sheds light on why the global plant-based market is expected to go from a novelty to a new normal within the next decade.

The Market Outlook for Plant-Based Alternatives

Ever since the first vegetarian society was formed way back in 1847, plant-based diets have come a long way.

The U.S. plant-based food market is growing at impressive rates, as plant-based alternatives to conventional meat and animal products are flying off the shelves.

Total U.S. plant-based food marketGrocery sales of plant-based alternativesGlobal plant-based market value
2019: $5.5 billion2019: $850 million2020: $29.4 billion
2020: $7.0 billion2021: $1.3 billion2030P: $162 billion
National growth in sales of plant-based food outpaced regular retail food by nearly double between 2019 and 2020.This represents a 53% increase in just two years.Plant-based alternatives will make up 7.7% of future global protein demand.

Despite a slight dip in U.S. sales in the latter half of 2021, the big picture outlook for the industry remains promising for investors.

There are three factors powering this eye-watering growth: a more reliable supply chain, a boost in conscious consumers, and a move towards local, ethical (Read more...)