Plant Based Beverages
topic on 1 show · 3 statements across 1 episodes
3 statements about Plant Based Beverages, every show
Plant-based milks hold 15% retail value share but only 8% volume share.
“Yes, plant-based beverage is 15% value share of the category, but because it's priced at a premium, it's about an eight or nine percent volume share.”
Survey: One-third of consumers refuse to buy plant-based meat under any circumstances.
“There's about one third of consumers out there tell us they're not buying plant-based meat, They're not interested. There's about 20% of consumers that are not interested in plant-based beverages.”
Plant-based beverage volume softened in 2023 following mid-teens price hikes.
“I think what you've seen more recently in the past six to nine months, you've also seen volumes in consumption soften for plant-based beverages. We think really because of just elasticity, and you've seen, you know, mid-teens price increases having been taken …”