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10 plant-based food facts to understand the state of the industry

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By illuminem briefings

· 2 min read

Illuminem summarizes for you the essential news of the day. Read the full piece on Earth.Org or enjoy below:

🗞️ Driving the news: The plant-based food industry is witnessing significant growth, with oats and soy leading as popular ingredients
• The U.S. saw a 6.2% increase in plant-based food sales in 2021, and alternative milk, particularly oat milk, is the most developed category
• The global plant-based foods market could account for 7.7% of the global protein market by 2030

🔭 The context: This growth reflects a shift towards sustainable and environmentally friendly food choices
• Plant-based seafood is also emerging as a significant market, set to surpass alternative meat by 2030
• Meanwhile, plant-based meat production substantially reduces CO2 emissions compared to conventional meat

🌍 Why it matters for the planet: The shift to plant-based diets is vital in mitigating climate change, as alternative proteins contribute to considerable reductions in greenhouse gas emissions
• This transition in food choices plays a crucial role in addressing the environmental impacts of the traditional meat and dairy industries

⏭️ What's next: The industry is poised for continued growth and innovation
• Plant-based meats, currently more expensive than conventional meats, are expected to reach price parity soon, making them more accessible
• Nearly $2 billion has been invested in alternative protein development, indicating a strong future for the sector

💬 One quote: "Opting for alternative proteins can also help achieve considerable methane emissions reductions" (Martina Igini, author)

📈 One stat: Plant-based meat production leads to 30-90% less CO2 emissions than conventional meat, showcasing its potential in reducing the food industry's environmental footprint

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