Craving for new options are still the key drivers of consumers’ decisions to add more plant-based meat products to their diets.
JANET FORGRIEVE: Despite global concerns for the earth and the animals, taste, price and the craving for new options are still the key drivers of consumers’ decisions to add more plant-based products to their diets. In a survey earlier this year of 3,500 consumers by research firm Veylinx, 77% of respondents said they could be swayed to purchase more plant-based products, with 35% saying improved taste would drive that decision and 28% citing a lower price.
In contrast, concerns for the environment and animal welfare ranked last on the list of reasons respondents cited. In fact, warnings about the negative impacts of consuming animal products on health, the environment and animal welfare had the opposite effect – demand for alternatives dropped when these warnings were included…
The Veylinx study found that plant-based burgers that closely replicate beef burgers were a popular choice for consumers. It’s a category that’s taken off in recent years with the rise of Beyond Meat and Impossible Foods, and the popularity of those first entrants into the market spawned a slew of brands making similar products…
Those launches have crowded the field with a slew of very similar options, and it’s likely most consumers who crave plant-based burgers have already found their favorites. And the combination of financial concerns and a taste for something new and different could be taking a toll on burger sales… Another trend arose from the Veylinx study results – consumers are eager to branch out from plant-based burgers to try more exotic meatless protein options.
“While we may be approaching a saturation point for products like burger patties and hot dogs—making it difficult to win shelf space and market share—our research shows there are still plenty of categories like seafood, jerky, and ready-to-eat meals where consumers are seeking more varied plant-based options, ” said Veylinx CEO Anouar El Haji said in a news release. “Brands can succeed in these categories by launching products that are delicious and priced competitively, even if they don’t duplicate the taste and texture of meat.”
This trend is born out in the report from the Plant Based Foods Association, which found that sales of plant-based meatballs grew 12% last year. Retail sales of vegan versions of chicken nuggets, strips and cutlets doubled over the past three years and sales of plant-based deli slices were up 8% from 2020.
And plenty of companies, from big players to startups, are venturing beyond plant-based burgers to tempt consumers with vegan alternatives to their traditional favorites including bacon and seafood… Plant-based seafood alternatives are also growing in popularity as some brands grow increasingly closer to the originals. The Plant Based Seafood Company, a women-owned venture, created the Mind Blown brand to promote its vegan versions of crab cakes and scallops.
The Veylinx study found generational differences in peoples’ openness to trying new plant-based foods, with younger consumers more likely to say they support policy changes that would promote consumption of plant-based protein alternatives. And that openness makes college campuses a great space for culinary innovation, chef Jennifer DiFrancesco, director of culinary innovation for Sodexo Campus, said during a panel at the Plant Based World Expo. “We have this captive audience that’s demanding it,” DiFrancesco said. SOURCE…