Plant-based dairy is expected to register robust retail volume and value sales growth over the forecast period, similar to the growth observed during the review period, albeit at a slightly slower pace as the category matures. As more and more consumers become aware of their dairy intolerance, or choose to transition to plant-based alternatives to traditional dairy products for environmental reasons or animal welfare, this will boost demand for plant-based dairy in both retail as well as foodservice.
Concern about cow’s milk is expected to ensure that other milk alternatives maintains a high current value CAGR in the forecast period. Milk alternatives of various kinds are expected to see rapid expansion in terms of product offerings, shelf space, channel distribution and sales.
The regulation around labelling, claims and packaging of plant-based dairy products is currently in development in Canada, and will likely provide much needed clarity, which would pave a healthy growth path for the whole industry. Prior to this, brands and manufacturers faced challenges in labelling, as they were prohibited from using common names like butter, cheese and milk to identify plant-based dairy products, but instead were obliged to use a description such as ‘vegan cheese alternative’ or ‘plant-based cheddar alternative’, for example.
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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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