World Vegan Day 2023 marks the beginning of World Vegan Month, with various announcements and releases in store. Despite the grim sales in the plant-based market, Europe saw a 22% increase in plant-based food sales in 2022, reaching €5.7B. However, in the US, the number of vegans has hit a 10-year low, with only 1% of the population identifying as such.
While studies show that vegan diets can significantly reduce greenhouse gas emissions, land use, and water pollution, a majority of Americans still do not link meat and dairy consumption to climate change. Plant-based companies raised $1.2B in 2022, but fermentation startups are now overshadowing them. Despite these challenges, a significant number of Veganuary participants continue with a plant-based diet after the campaign, indicating a potential increase in veganism in the future.
*This summary was generated using AI.
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