Beyond Meat, which went public last year, still looks to be the biggest beneficiary in the meat-substitutes section of the growing plant-based movement
MorningStar’s sales rose 3.8% to take nearly 41% of the market while Gardein’s fell 4%, to 14% of the market, during the same period, the data shows.
Meat substitutes are seeing healthy growth against increased consumer demand for plant-based products, be it for health or environmental reasons. IRI data showed that almost all plant-based categories posted gains, including plant-based milk, yogurt, whipped cream and ice cream.
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