More positive performances in terms of retail demand are predicted for plant-based milk over the forecast period. Other plant-based milk will continue to gain ground from soy drinks which is losing some popularity due to concerns over sustainability of production, enabling it to become the favoured format within plant-based milk.
Changing consumer lifestyles also offer further opportunities for new product development. While demand for dairy-free and plant-based options remains a niche in Mexico, the trend is likely to increase within yoghurt, driven by health-conscious consumers, who either follow certain lifestyles including veganism or “flexitarianism” and want to reduce their intake of animal-sourced protein, or those who suffer from certain food intolerances.
Increasing demand for plant-based variants within dairy is a theme that could also be further developed within other dairy over the forecast period. Nestlé’s plain condensed milk brand Carnation for instance now offers an option made with coconut and almond milk.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Mexico 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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