Plant-Based Meat Boomed. Here Comes the Bust

Over the past three years, the plant-based meat industry has experienced a major reversal in vibes. Sales boomed in the early months of the pandemic, as slaughterhouse shutdowns disrupted conventional meat supply chains and shoppers started trying out meatless burgers, sausages, and seafood instead. Between 2018 and 2021, total sales of plant-based foods in the US grew from $4.8 billion to $7.4 billion, with much of that growth driven by plant-based meat in particular.

But a new report on sales of vegan meat, dairy, and seafood suggests that enthusiasm for plant-based products might be slowing

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