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Food for Thought: The Joys and Benefits of Living Vegan

Buying In or Selling Out? When Meat and Dairy Corporations Buy Vegan Companies

Food for Thought: The Joys and Benefits of Living Vegan

Colleen Patrick-Goudreau

Self-improvement, Health & Fitness, Education

4.8 β€’ 1.6K Ratings

πŸ—“οΈ 10 March 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

The plant-based foods market recently topped $3.1 billion in sales and is slated to reach over $5 billion in just a couple years. As a result, the animal-based meat, dairy, egg, and other large corporations see vegan companies and the plant-based products they make as competitors they should fear, emulate, learn from, collaborate with, invest in, or even purchase.

They recognize they need to "buy into" the success, growth, and future of the plant-based market. Some, however, see it as vegan companies "selling out," choosing profit over principles and betraying their loyal vegan customer base.

On today's re-broadcast episode, we explore the many perspectives of such business decisions and speculate about who the biggest winners are in the end.

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Thank you for listening.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit colleenpatrickgoudreau.substack.com/subscribe

Transcript

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0:00.0

Welcome to Food for Thought, an award-winning podcast that explores and celebrates what it means to live a life

0:22.4

motivated and defined by unconditional compassion and optimal wellness. My name is Colleen Patrick

0:27.5

Godreau. I am your host. You can find me at Colleen Patrick Goodrow, or joyfulvegan.com.

0:33.2

You can find me on social media, especially Twitter, Instagram, and Facebook, and you can subscribe

0:38.3

to Food for Thought at iTunes, Stitcher, Google Play, SoundCloud, and now Spotify, which is new

0:45.7

and fantastic. You can follow Food for Thought on Spotify. And thank you for sharing this podcast,

0:52.4

leaving ratings and reviews, and for supporting

0:55.1

Food for Thought, which you can do at patreon.com slash Colleen Patrick Goodrow, or you can just go

1:01.1

to joyful vegan.com. Today's episode is When Meat Corporations by Vegan Companies

1:07.4

Selling Out or Buying In. Hi, everyone everyone and congratulations. According to the United

1:14.6

States Department of Agriculture, the USDA, dairy milk consumption has fallen 25% from 1996 to 2016.

1:23.8

And just in the past five years per capita consumption of cows milk has dropped 13% while in Europe it has fallen 4%.

1:33.3

Tom Gallagher, Chief Executive of Dairy Management, Inc.

1:37.2

A national organization that promotes dairy products and is funded by dairy farmers says,

1:43.2

these numbers are devastating. At some point, dairy milk

1:47.0

could become an irrelevant beverage for the average consumer. According to new data from

1:53.0

NOVA Market Insights, the global plant milk market is anticipated to increase to a whopping $16.3 billion in 2018, a huge increase from 2010 when it was just

2:07.0

$7 billion. And it's projected to rise to $21.7 billion by 2022. And it's not just liquid milk.

2:15.7

We're talking about non-dairy ice creams and yogurts and creamers as well.

2:19.7

Sales of non-dairy ice cream alone increased 44% in the last year, according to Nielsen,

2:25.6

that market research firm. While dairy ice cream sales rose only 3%. And in a huge contrast to what

2:33.0

was available to me when I first became vegan, plant-based

...

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