According to the latest data from Ocado.com, more consumers than ever decided to try ‘Veganuary’ this year, as sales of general vegan products (as a % of total sales) increased by 34% compared to last January. As Brits challenged themselves to change up their diet, many swapped basket staples with non-dairy cheese sales increasing by 24%, non-dairy milk by 51% and egg alternatives by 58% all in comparison to January 2021. What’s more, sales of dairy milk declined by 9% in January compared to December with growing numbers of consumers experimenting with innovative alternatives, such as DUG’s barista potato milk and Lilk’s oat, coconut and quinoa blend.
Food Tech Funding Drops 21.5% in Q2, But Alt-Protein Proves Resilient With Only 9% Decline
According to a new report from Pitchbook, total food tech venture funding declined by over one-fifth in total deal value in the second quarter of 2022, dropping from $6.9 billion in Q1 2022...
