Plant-based dairy has dynamic growth prospects in both volume and value terms. Rising number of vegans, vegetarians and flexitarians will drive demand for plant-based dairy in the forecast period, making this shift for health and environmental reasons.
Plant-based milk brands will continue to be highly fragmented as the category moves through a high growth phase. Whilst milk brands lead the category, they have a small retail value share overall creating opportunities for new brands to emerge.
The number of brands offering plant-based dairy is set to increase. International and local manufacturers, such as Tukuma Piens and Lat Eko Food are expected to continue expanding their offer of vegan alternatives to dairy products.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Latvia 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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