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  Statista: American Spent $8 Billion on Plant Based Foods by Felix Richter,  Aug 21, 2024 Having long been limited to a handful of mostly soy-based products, plant-based alternatives to dairy and meat have made giant leaps forward over the past few years. Thanks to advances in food science, people can now enjoy a creamy oat milk cappuccino, have a tasty burger based on pea protein or even try chicken-free chicken nuggets that mimic the real thing surprisingly well. And whether it’s due to allergies, intolerances, voluntary diet choices or simply to reduce the carbon footprint of their food intake, many people are enjoying the new variety of plant-based alternatives to dairy and meat. According to the Good Food Institute's State of the Industry report, plant-based foods are a multi-billion dollar market in the United States, with milk alternatives by far the largest category at estimated retail sales of $2.9 billion in 2023. Plant-based meat and seafood remains the second largest s

  Asia Leads the Plant Based Milk Boom by Anna Fleck,  Aug 21, 2024 Asia is the global trailblazer of plant milk substitutes. According to data from Statista’s Market Insights, the region was estimated to pull in a revenue of $13.4 billion in 2023. This was mostly led by China, which had an estimated revenue of $9.5 billion that year alone. Other major markets in Asia included Japan ($1.8 billion), South Korea ($0.4 billion) and India ($0.4 billion). You will find more infographics at Statista Following some way behind is North America, with the United States as the region’s major market ($3.6 billion). Europe places in third position in the regional ranking, with an estimated revenue of $3.9 billion in 2023. There, the major players were Germany ($0.8 billion), the United Kingdom ($0.6 billion) and Spain ($0.6 billion). The regional markets in South America and Africa were substantially lower in 2023, at $0.7 billion and $0.2 billion, respectively. According to Statista analysts, th