The local authority (Malaysian Muslim Consumers Association – PPIM) is planning to propose a change to the colour of the Halal logo in 2022 (green is 100% made from Muslim companies, orange is an incorporation of both Muslim and non-Muslim companies and red is 100% non-Muslim companies). Furthermore, new guidelines set by the Ministry of Health on beverages with the Healthier Choice Logo will have to comply with specified nutrient criteria (<5g total sugars, >60mg calcium, > 2.
The price hikes that have hit soy beans and the shortages in the supply of soy beans is likely to discourage players from expanding their production of soy drinks over the forecast period, especially in the short term. With consumers showing a growing interest in other plant-based milk this could also encourage soy drink manufacturers such as Fraser & Neave Holdings Bhd and Yeo Hiap Seng (M) Bhd to venture into this category.
Currently, plant-based dairy is predominantly focused on soy drinks and other plant-based milk, but other products are starting to appear in the market as demand for plant-based diets grows. For instance, Emborg Foods Aalborg A/S, which produces butter and cheese, launched Emborg plant-based cheese in July 2021.
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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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