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Outwardly, in the next 5 years we might witness a staggering CAGR of about 27 percent in the plant industry according to the Good Food Institute. The Good Food Institute also says that around 57 percent of North American families have ordered food from plants and approximately 78 percent of households have ordered more and more.
Worldwide, UBS plans to spread plant food sector from around 5 billion dollars to 85 billion dollars by 2030, with ESG, nutrition and health focused. Check disclaimer in my profile and landing page.
The plant-based space is said to be flourishing- not as a trend but as a movement!
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As a result, the development of the frozen foods category seems to be driven by convenience and the intensification of at-home meals as a result of the health crisis that has occurred in recent months.
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Some other customers could establish an affection for plant-based foods as a result of traditional comfort meals that are always straightforward.
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These other sectors seem to search for alternative food to match the demand in the market.
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