Prepared for Mark G. | Delivered November 22, 2019
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To understand how plant-based trends have evolved in terms of dairy and meats to determine if the seafood market is 'large enough' to support plant-based seafood companies that can become as large as Beyond Meat has in the meat market.
Plant-based milk comprises
of the entire milk category.
In 2018, the US milk sales were down by
one billion dollars
while sales of plant-based milk kept rising.
Between 2017 and 2018, plant-based milk has grown by
Sales of cow's milk has declined by
of consumers are attempting to consume less dairy.
Soy milk costs
per half-gallon (64-ounces), dairy milk costs
per half-gallon, and oat milk is at
The net sales of the dairy market was at
in 2018 versus