U.S., Canadian Food Makers Beef Up Spending on Plant-Based Alternatives

Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $400 million in new (recently tracked in 2021), active plant-based projects in the U.S. and Canadian Food & Beverage Industry. Consumer demand is fueling capital spending across several sectors, including meat, frozen food, and bottling and food preparation, but the plant-based alternative foods sector continues to be the hottest ticket.

According to Industrial Info's coverage, the meat & poultry sector accounts for the most capital spending on plant-based alternatives, with more than $220 million new, active project investments. Subscribers to Industrial Info's Global Market Intelligence (GMI) Food & Beverage Project Database can click here for a full list of related projects.

Click on the image at right for a graph detailing the top 10 facility-owning companies for plant-based food production in the U.S. and Canada.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.