New Report by PBFI and Kroger Sees Plant-Based Food Sales Increase for 4th Year, Driven by Health and Price Concerns
A new report from the Plant Based Foods Institute (PBFI), Kroger, and data insights firm 84.51° reveals a continued shift in consumer spending from animal-based to plant-based foods in the USA, now observed for the fourth consecutive year. The “Plant-Based Migration Analysis”, which studied approximately seven million households between 2022 and 2023, documents a growing preference for plant-based alternatives across key food categories. This research builds on data collected since 2019, offering a comprehensive view of the evolving consumer landscape and its potential implications for retailers. The report highlights a consistent trend: consumers who begin purchasing plant-based foods, or expand their plant-based selections, are steadily reducing their spending on related animal-based products. The categories most affected by this shift include milk, cheese, and fresh meat. …