Innovation and adaptation are driving growth in plant-based foods

The plant-based industry was already set for a strong 2020, but the Covid-19 pandemic further accelerated growth. According to Meticulous Market Research, the plant-based food market will be worth $US74.2 billion by 2027, growing at a CAGR of 11.9 per cent from 2020. While much of the innovation in plant-based foods has been spearheaded by small, more nimble players and start-ups, major industry giants are also now taking a leading role in this burgeoning sector.  Plant-based products now m