PlantX Life Inc. (PLXTF) Corporate Media Kit
Market Considerations PlantX Life is focused on capitalizing on opportunity across the plant- based, e-commerceand home-deliveryindustries.With its comprehensive e-commerce platform, PlantX is strongly positioned for a prominent role in these fast-growing sectors. The global plant-based food market is expected to expand at a CAGR of 11.9% and reach $74.2 billion by 2027. The food deliverymarket has also experiencedsteady growth, especially during the global pandemic. Companies such as UberEats experienced a 152% increase in food deliveries in the summer of 2020, reflecting a trend that looks to be here to stay. In the United States alone, the sector is expected to report $28.5 billion by 2024. Complementary to these trends, online sales and digitization have also seen significant recent growth. Grocery shopping has experienced a remarkable transition to e-commerce, with online grocery sales grow- ing by 53% in 2020. Amid pandemic-imposed physical interactions and related consumer behavior change, large retailers have revised their business models to meet surging e-commerce demand. For example , Whole Foods Market Inc. increased its online sales capacity by over 60% in 2020. The trend in meal kit delivery is also becoming increas- ingly popular and is expected to expand at a CAGR of 12.8% to achieve a market value of $19.92 billion by 2027.
Made with FlippingBook
RkJQdWJsaXNoZXIy NDMyMDk=