​Where’s the beef?

Make way for plant-based meat. While the rise of meat-free options is hardly new, these foods have gotten a major boost in momentum lately. According to new research, the plant-based meat market is on track to grow 93 percent between now and 2025 – its most substantial growth to date. Growing consumer interest in protecting both personal health and the environment is driving the trend. Restaurants have plenty to gain from it – even if plant-based meats occupy a small fraction of their menus. For one, prices of plant-based meats are coming down, aligning more closely with the cost of animal proteins. Impossible Foods recently cut wholesale prices on its plant-based burgers and sausages by 15 percent – its second price cut in less than a year, according to CNBC. The plant-based market is also an appealing one for restaurants. According to research from Packaged Facts, consumers of plant-based foods (whether all the time or even semi-regularly) tend to have the resources to pay for more premium foods and a willingness to pay for them. They skew younger (think Millennials and Generation Z) and are open to trying new products. They also tend to value eating fresh, healthy foods themselves and providing them for their children. Restaurants who want to develop this market can build menu offerings and promotions with those traits in mind: A restaurant near a college campus might push the boundaries of its plant-based menu items, offering creative combinations and edgy global flavors, while one serving families might assemble plant-based meal kits or bundles that help parents ensure they are feeding their families healthfully.