Plant-based dairy products have been enjoying continued growth, and this is expected to continue over the forecast period in line with the ongoing health and wellness trends. Such products will become increasingly more widely available in modern grocery channels, such as supermarkets, and players to watch include Dodoni in plant-based desserts, and Mevgal Macedonian Milk Industry SA in bio plant-based drinks.
In the coming years, due to the increase of plant-based dairy products, it is expected that private labels will enter the arena. According to executives in the plant-based dairy industry, the future of dairy products is expected to be reshaped and, once private label plant-based dairy brands are introduced, then we will see a new era within the category.
The growing percentages of plant-based dairy products in recent years demonstrate the strong commitment and interest of consumers. Consumers, especially Millennials and Generation Z, are motivated by their interest in foods that are better for their health and have a positive environmental impact.
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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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