Lower Costs in Plant-Based Commodities Could be Exponential Growth for the Category

With more plant-based options in the frozen and refrigerated sections of the grocery store, will these products begin to compete with the animal analogue products on price as well as taste?

Plant-based commodities like grains and beans have been a staple for generations, providing a low-cost alternative to animal proteins. Plant-based legumes are approximately a quarter the cost of beef and half the cost of chicken per gram of protein, according to VegTech Invest research. Inflation is raising the cost of meat and making that costs differential between the two even more stark. According to the U.S. Bureau of Labor Statistics, “prices for meats, poultry, fish, and eggs increased 13% for the year ended February 2022, the largest yearly increase since July 1979.”