Article written by Vegconomist: The Vegan Business Magazine (https://vegconomist.com) vWire News launched in 2020, conceived out of a desire to …
During the last few years, the plant-based sector of our economy has experienced exponential growth. While the advantages of adopting a plant-based diet are nothing new to the millions of vegans who have long-since embraced a cruelty-free lifestyle, there has been a steep learning curve for veg-curious consumers who are intrigued by the potential health benefits.
It seems change is the only constant in today’s unpredictable environment. The pandemic has forced many businesses to re-invent offerings in how customers can access their products. While, sadly, there have been many casualties and some businesses simply couldn’t pivot fast enough, we have seen a number of success stories.
The vegan movement has been growing in recent years, and the vegan economy has skyrocketed in response to the demands of vegan, vegetarian, veg-curious and flexitarian consumers. According to The Good Food Institute, sales of plant-based foods that replace animal products grew by 29% in the US since 2018, for a total value of $5 billion.