Among key takeaways, abillion notes it has seen a marked increase in the number of non-vegan US members with interest in plant-based foods. These members make up 51% of its American user database. By analyzing nearly 1.4 million reviews on its digital platform over three years, abillion says it has uncovered five trends shifting the industry:
- Interest in the plant-based movement is strongest in California, New York and Florida, with female millennials and Gen Zs, who make up 65% of abillion’s US membership, leading the enthusiasm for plant-based diets.
- Health remains the largest motivator for most purchasers of animal-free meats, with 47% selecting this attribute as their top priority, compared to 33% who indicated ethical concerns.
- Among American youth, the reducetarian lifestyle, whereby individuals actively reduce meat consumption, is very popular and expected to be a transitioning point to veganism in the coming years.
- The rise in popularity of plant-based snacking presents a significant opportunity for the food industry. The snacking segment is currently valued at $32 billion and is expected to grow at a CAGR of 8.7%.
- The category of sustainable vegan skincare, especially sun care products, has grown by about 35%.
A growing wave
The report also points out a January 2022 survey by Oklahoma State University which found about 10% of Americans under 18 consider themselves vegan or vegetarian. Overall, the report finds plant-based businesses must innovate products and marketing to address consumers’ overlapping concerns on health, the environment and ethics.
“The US is one of our key markets, making up 22% of our global community. It’s exciting for us to share insights into the preferences of our American community,” says Vikas Garg, founder and CEO of abillion.
He adds, “We’re sharing such insights in order to drive consumer adoption, consumer advocacy and help make vegan options loved by people and businesses around the world. Above all, the work that we do here has a direct positive impact on the environment and animals. I see abillion as a catalyst for meaningful and intentional change for the future.”