In 2020, plant-based food product sales grew by 27% compared to 2019, which
propelled the market segment past US$7 billion in annual sales, according to the Good Food Institute. While this rapid growth in alternatives to meat, eggs, and dairy products gains momentum, the growth also points to improved water efficiencies in the food supply chain—new production facilities and reduced water usage.
In this Research Note:
- Food sector at cusp of a plant-based disruption
- Greenfield development bolsters new market opportunity for water solutions firms
- Rising water utility rates drive water reuse