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Data drop:The Plant-Based Paradox

What investors got wrong about plant-based meat, and how the numbers told a different story.

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Sample size:310
Geography:Canada
Publication date:May 2025

KEY takeaways

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Key takeaway cards for this data drop.

Insight 1

The plant-based meat industry is selling the wrong story.

Occasional plant-based meat buyers prioritize taste (76.8%) and price (71.9%) over environmental impact.

Insight 2

Plant-based has reached consumers, but not their habits.

57% of consumers are already purchasing plant-based alternatives, but only 20% are regular consumers.

Insight 3

Plant-based alternatives are gaining positive momentum.

Nearly 40% of consumers report increasingly positive perceptions of plant-based meat alternatives, while only 7.4% report negative shifts.

Expert spotlight

Expert video and commentary.

Our CEO's take:
The Plant-Based Paradox

The plant-based meat industry has raised billions but the results are sobering. After raising $450M, Meati sold for just $4M. But the problem isn’t demand. Watch Cashew CEO, Addy Graves break down the data and discover the insights that could change how brands approach the plant-based market.

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WHAT'S INSIDE THE interactive report

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What's inside the full interactive report

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