Pandemic Highs and Lows for Plant-Based Food Industry
Like many industries, the pandemic has taken the plant-based food industry on a rollercoaster ride. Early on, regular meat prices rose by about 40% which led to sales of plant-based meat as an alternative rise by 65%. However, by the end of last year sales were down leading many to think that maybe the novelty had worn off and the industry had peaked. The reality is that there is still a lot more to come, whether it be in the form of more fast food launches or other products beyond meat alternatives such as chicken, seafood, and bacon. Kenny Torella, reporter at Vox, joins us for the pandemic highs and lows of the plant-based food industry.
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