Retail sales data from September, and the third quarter, provide further evidence that sales gains for many types of alternative meat products are slowing.
This item is contributed by Anne-Marie Roerink of 210 Analytics LLC, based on her research.
In the third quarter of 2021, refrigerated plant-based meat alternative sales decreased 3.1% compared to sales for the same period in 2020. That is, while sales were up 74.0% over the 2019 levels, gains continue to decelerate. In the first quarter of 2021, gains versus 2019 were still 156.5% higher; growth dropped to 115.7% in the second quarter and 74.0% in the third.
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