The global consumer industry experienced a 63% drop in company filings mentions of plant-based diets in Q3 2023 compared with the previous quarter, with the highest share accounted for by Nestle with 67% year-on-year decrease, according to GlobalData’s analysis of over 37 consumer company filings. GlobalData’s Consumer: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the consumer industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, plant-based diets was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of cloud and mobile payments, according to GlobalData.
Of the top leading companies in the consumer industry, Nestle had the greatest increase in references for plant-based diets in Q3 2023, compared with the previous quarter. GlobalData identified one plant-based diets-related sentences in the company's filings - 0.1% of all sentences - and a decrease of 67% in Q3 2023 compared with Q3 2022.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for plant-based diets in Q3 2023 was 76.
For further understanding of GlobalData's Consumer: Filings Trends & Signals Q3 2023, buy the report here.