As inflation stabilises and the economy starts to recover it is expected that plant-based dairy will start to see stronger growth in retail volume terms. The category benefits from highly positive perceptions, both in terms of health and wellness and sustainability, and it is also likely to experience strong investment in innovation over the forecast period.
After plant-based cheese, other plant-based milk is projected to be the most dynamic category over the forecast period, with growth coming at the expenses of both cow’s milk and soy drinks. Indeed, thanks to ongoing innovation both from private label and branded products, there is an increasing retail availability of variants such as oat, almond and rice milk.
Unlike dairy-based cheese and yoghurt, which are highly mature categories in Belgium, plant-based yoghurt and cheese have wide margins for growth, with this being especially true for plant-based cheese. Thanks to new innovations and increasing retail availability, plant-based cheese is set to experience strong growth in retail volume terms over the forecast.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 Definitions
This report originates from Passport, our Plant-based Dairy research and analysis database.
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