New releases, such as oat milk, will enable the category to remain relevant during the forecast period. Consumers in this category are typically high-income individuals who are aware of international trends.
Soy drinks will continue to lose share to other plant-based milk. Despite the growing number of brands in the former category, it will become less attractive as it is considered less healthy compared to the benefits offered by other products.
Plant-based dairy is expected to continue to expand as consumers become increasingly health-conscious and seek to reduce their dairy consumption. Further entry into small local grocers as well as modern grocery retailers will enable the category to expand even further.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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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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