Plant-based dairy is predicted to witness dynamic volume and constant value growth over the forecast period, buoyed by the changing consumer perceptions of these products. There is a growing band of consumers for whom plant-based dairy is not just associated with religious fasts.
The increasing acceptance of plant-based dairy over the forecast period should lead to strong growth rates in both volume and value terms. Plant-based dairy is perceived as a more sustainable food by an increasing number of consumers as climate concerns gain traction.
Retailers are expected to ramp up their focus on plant-based dairy to capitalise on rising consumer demand. The greater allocation of retail space to brands in the category and the development of private label will both have a positive effect.
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Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See All of Our DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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