Plant-based meat sales slowing

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Based on Deloitte’s analysis of the 2022 Future of Fresh survey of US consumers, plant-based meat sales are stagnating after several years of double-digit growth.
Spencer Young is a principal in Deloitte’s Retail and Consumer Products practice, Deloitte Consulting LLP. He has spent 15 years focusing on helping retail, consumer products, and food service clients navigate changes in the end-to-end food value chain. His experiences span global sourcing, import procurement, supply quality, flow planning, inventory management, and store operations. In addition, Young leads the firm’s sustainable procurement efforts.
Brian is a managing director in Deloitte’s Retail and Consumer Goods practice, Deloitte Consulting LLP. His experience includes process design and evaluation, program assessments, systems implementation, managed services, and value delivery programs. Brian’s career experience covers multiple retail areas including: inventory management, procurement of both perishable and non-perishable goods, replenishment/allocation, promotional planning, pricing, third-party logistics, and import procurement. In addition, Brian has more than 15 years of store management experience, focusing on perishable departments. Brian has worked with leading national and regional grocery retailers in the areas of process redesign, supply chain solution implementation, SAP, and JDA software packages. He has additional experience with direct store delivery, scan-based-trading, open-to-buy management, hard lines, importing, and store operations.
Justin is the research leader for the consumer products sector within Deloitte’s Consumer Industry Center, Deloitte Services LP. He also conducts cross-sector research for the center, examining issues such as how inflation, sustainability, and trust affect consumer behavior. With more than 20 years of experience in market research, management consulting, and technology, Justin asks challenging questions and helps clients understand how the world is changing. Justin earned a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania and an MBA from the MIT Sloan School of Management.
Jagadish Upadhyaya is a manager at Deloitte Support Services' Consumer Industry Center and supports research for the consumer products sector. He has over 15 years of experience conceptualizing and designing research projects, project management, and advanced statistical analysis. Upadhyaya has rich experience writing high-impact thought leadership backed by detailed research and analytics. He has led client-specific multidisciplinary market research teams focusing on the analysis of real-time market data and identifying trends in the consumer products and retail space.