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Speaker Spotlight: Exploring the Flourishing Plant-Based Landscape with SPINS CEO Jay Margolis

To gain valuable insights into the growth and future of the plant-based industry in the United States, look no further than Jay Margolis, the new CEO of SPINS. His session at the Plant Based World Expo Europe, titled “Exploring the Flourishing Plant-Based Landscape: Insights from the United States and Crafting Winning Sales Stories for Retail Success,” promises to be a highlight of the event. The session is scheduled to take place in the “Pulse Theatre” at 3:15 PM on Wednesday November 15, the first day of the event taking place at the ExCel London event center.

Jay Margolis brings over 25 years of experience in the information and data analytics industry to his role as CEO of SPINS. His proven ability to scale complex business models and strategically accelerate growth and innovation makes him a valuable voice in the natural and organic product industry. Furthermore, Jay is a long-time champion of the natural products sector, reflecting a personal passion for empowering the health and well-being of individuals, communities, and the planet through informed, sustainable consumption.

Before assuming the role of CEO at SPINS in July 2023, Jay served as Senior Vice President and General Manager at IQVIA, where he led the U.S.-based data and technology business. His oversight included more than 1,300 employees and a range of functions, including marketing, sales, and portfolio strategy. This background aligns seamlessly with the ethos and mission at SPINS to provide truthful and transparent analysis of the ever-evolving natural food space.

Jay Margolis’s session at the Plant Based World Expo Europe is sure to offer invaluable insights to European market stakeholders seeking to learn from the market data and research being conducted across the pond in North America. The session explores the remarkable growth and potential of the plant-based industry in the United States, highlighting the latest trends, market insights, and success stories that have propelled plant-based products onto retailer shelves across the nation.

Attendees can expect to learn how to craft compelling sales stories that capture the attention of retailers and ensure that plant-based products find their place in the booming market. Jay Margolis’s expertise and passion for sustainable consumption will inspire those looking to navigate and succeed in the flourishing plant-based landscape.

Don’t miss the opportunity to hear from Jay Margolis at the Plant Based World Expo Europe. His session promises to provide transparency, optimism, and actionable insights for the future of the plant-based food industry. See full session details here.

Going Beyond Meat Alternatives: The Bright Future of the Plant-Based Marketplace

As we step into a new era of conscious consumerism, the plant-based market continues to flourish, backed by investments and promising trend projections. Recent developments in the financial world and market research suggest a bright and diverse future for the industry. Let’s explore the reasons for optimism in the plant-based marketplace.

Diverse Investments

Morgan Stanley recently announced its investment in Huel, a company known for producing food powders and meal replacement drinks. What makes this investment noteworthy is that it represents the expanding horizons of the plant-based market. While meat alternatives have taken center stage in recent years, Huel’s focus on nutrition-dense meal replacements emphasizes the breadth of possibilities within the plant-based space.

But this is not just about diversifying the product range; it’s also a step toward sustainability. Morgan Stanley’s commitment to reducing its carbon footprint by 1 gigaton shows a new dimension of the plant-based market’s potential. Other financial firms are sure to take notice, which could set off a trend of plant-based investing aimed at achieving sustainability goals.

Upward Projections

The optimism surrounding the plant-based market doesn’t stop at investments. Recent research indicates that the global plant-based food market continues to be on a trajectory of strong growth. Projections suggest that by 2023, the market will reach an estimated value of $54.15 billion. Even more striking, the compound annual growth rate (CAGR) for the period from 2022 to 2027 is forecast at an impressive 17.6%.

These figures not only reflect the expanding shopper-base for plant-based products but also indicate an increasingly health-conscious and environmentally aware population. It is clear that meat alternatives alone are not carrying the growth in the category. This indicates the steady increase in demand for plant-based options is driven by a diversity of categories such as dairy alternatives, snacks, frozen and prepared foods and nutritional meal replacements.

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Lessons for Investors

The past few years have been marked by a singular focus on meat alternatives, with plant-based burgers and sausages garnering significant attention. However, this approach had its limitations, and the industry has learned important lessons. Investors are now discerning the need for diversification within their plant-based portfolios.

Huel’s success and the broader growth projections signify the significance of variety in the plant-based marketplace. Diversifying across different product categories ensures that investors remain agile in a dynamic market and can capitalize on shifting consumer preferences.

The bottom line is this: the plant-based market is evolving, and it’s doing so in a manner that transcends the confines of meat alternatives. Investors who understand the need for versatility will be well-positioned to reap the rewards of this burgeoning industry.

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