date:Oct 11, 2018
t-based food market is growing at double-digit rates and expected to reach US$5.2 billion worldwide by 2020.
According to data from Innova Market Insights, there has been a 45 percent average annual growth of food and beverage launches with a vegan positioning (CAGR, 2013-2017). New launches with a vegan positioning increased its market penetration in Europe from 1.5 percent in 2013, to 7 percent in 2017.
The trend in plant-based foods is not slowing down either. A CAGR in products featuring t