Global Vegan Food Industr y Expected to Reach $91.9B by 2027, Driven by Consumer Interest

Consumer demand is driving demand for vegan food items, which is driving up demand for producers of plant-based goods, according to a new Research and Markets report, which estimates the global vegan food market will reach $91 9 billion by 2027

Consumer interest in vegan food is fueled by several factors, including expanding research into the health advantages of plant-based diets, rising support from medical professionals and expanded media coverage of these advantages

A decision by the U S Food and Drug

Administration favoring health claims about plant-based protein products and the growing availability of vegan food products in mainstream supermarkets as more mainstream processors enter this market are two more important factors driving growth, according to the report Pea-based vegan meat also has a sizable market share The pea is an excellent source of plant-based meat due to its reasonable price, versatility and nutritional profile, as well as its widespread availability and applicability New developments in the vegan sector emerge ever y year, paving the way for a global transition to a much more just, safe and sustainable food system The vegan industry experienced its most active growth in 2021, and many signs point to this as the beginning of a race for new vegan products on a global scale, according to the report Customers can lessen the adverse effects of the food system on the environment, reduce the risk of zoonotic disease and antibiotic resistance, the report states, and feed more people with fewer resources by producing meat from plants, fermentation or cultivation of actual animal cells

Additionally, by adopting a vegan food diet, consumers can help minimize air and water pollution, slow biodiversity loss and protect the oceans, according to the report Vegan diets are the future of the food industry, just as renewable energy sources are the future of the energy industry As the international community works to reduce climate risks, vegan foods represent a vast opportunity to help humans achieve netzero emissions, however, more funding and open-access R&D are required GN has signed on to roll out the entire Logile Inventory Management Solutions suite across its organization

Logile IMS is a solution suite that delivers a complete fresh and center-store inventor y management ecosystem focused on each store Logile’s IMS, combined with its highly accurate forecast and Workforce Management solution suites, offers retailers a fully unified solution suite – from item management to forecasting to ordering, to receiving to in-store production to service execution – for both center store and fresh departments on one platform

Retailers have had to deal with the persistent problems associated with multiple, disconnected business forecasts and various point solutions cobbled together from different providers Despite many efforts to make it all work, industry out-of-stocks remain high, shrink levels remain unacceptable, service levels and productivity are not optimized, regulatory compliance risks remain high, and profitability remains both constrained and under increasing pressure Re- tailers have long been searching for a single, unified solution set that will help boost sales, reduce shrink, optimize productivity and yield improved service levels and earnings

The official release of IMS marks a major expansion for Logile and solidifies its position as the only company to provide retailers with a comprehensive suite of fully integrated solutions for store-level planning, scheduling and execution

Vallarta already leverages Logile for its workforce management needs, and with Logile’s IMS rollout, achieves One Platform for One Store, One Forecast, One Labor and One Inventory Vallarta will roll out all 16 modules ranging from Vendor and Item Management, to Order Management, Recipe Management and Production Planning to Shrink Management, Food Safety and full integration with WFM Labor Scheduling and Task Management

“Vallarta operates a format that emphasizes ‘Fresh,’ so the ability with Logile IMS to accurately anticipate demand and production capacity while providing fresher products for our customers is an outstand- ing value proposition,” said Steve Netherton, chief information officer and vice president of continuous improvement at Vallarta

“We will now be able to leverage Logile’s superior, multi-layered forecasting accuracy across critical parameters like price, promotions, weather, events, holidays, business trends and seasonality IMS will help us optimize inventor y management along with store-level production planning and labor and task management to most efficiently deliver our brand promise ”

“Building upon our long-standing partnership with Vallarta, first in Workforce Management and now with IMS, Logile could not be prouder to collaborate with such a for ward-thinking retail leader in bringing this unique and much-needed solution to market,” said Purna Mishra, Logile founder and chief executive officer “Logile’s Inventory Management Solution represents the next step in completing our vision to provide retailers with a singlepoint solution for store planning, scheduling, production and service execution ”

“The current retail environment, including rising wages, hard-to-find employees and less experienced managers and associates, requires the right tools to fulfill production needs efficiently and attack out-of-stocks, over-production and shrink, which directly erode profit We are pleased to deliver IMS to cover all aspects of inventory management and honored to work alongside Vallarta as a partner in their continued success, ” said Dan Bursik, senior vice president of product management at Logile Logile is a leading retail labor planning, workforce management, inventor y management and store execution provider deployed in thousands of retail locations across North America, Europe, Asia, Australia and Oceania

F ro m l a b o r s t a n d a rd s d e v e l o p m e n t a n d m o d e l i n g t o u n i f i e d f o re c a s t i n g , s t o re w i d e s c h e d u l i n g a n d t i m e a n d a t t e nd a n c e , t o i n v e n t o r y m a n a g e m e n t , t a s k m a n a g e m e n t , p ro d u c t i o n p l a n n i n g , f o o d s a f e t y a n d e m p l o y e e s e l f - s e r v i c e , L o g i l e transforms retail operations with a unified s t o re - l e v e l s o l u t i o n GN