The purchase of gluten-free products support not only those allergic to gluten but also serve a broader range of consumers who are looking to make specific lifestyle changes.
When plant-based products came to market, there was a belief that they were all very healthy, but consumers are now doing more due diligence with label reading and ingredient reading.
Beyond Meat, Inc. recorded a loss of $366 million during fiscal year 2022, ended Dec. 31, 2022, more than double the loss of $182 million the company endured the year prior.
Now that plant-based alternatives to meat and dairy have been well-established in the marketplace, incorporating plant proteins into baked foods is where the action will be in 2023.