The global consumer industry experienced a 65% drop in company filings mentions of plant-based diets in Q2 2023 compared with the previous quarter, with the highest share accounted for by Barry Callebaut with 100% year-on-year increase, according to GlobalData’s analysis of over 57 consumer company filings. GlobalData’s Meat Substitutes Market research report provides an overview of the current market in terms of ingredients, manufacturer claims, labelling, and packaging. It includes a detailed regional analysis encompassing market size, key drivers, latest developments, and future challenges. Buy the report here.
Notably, plant-based diets was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of sharing economy and robotics, according to GlobalData.
Of the top leading companies in the consumer industry, Barry Callebaut had the greatest increase in references for plant-based diets in Q2 2023, compared with the previous quarter. GlobalData identified four plant-based diets-related sentences in the company's filings - 0.7% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Mondelez International’s mentions of plant-based diets dropped by 60% to 2 and Danone’s by 50% to 1 and Kellogg’s by 50% to 1.
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 Q2 2023 was 97.
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