In 2022, Danone, Groupe (GBO) announced its Next Milk innovation, a plant-based blended milk that compares 1:1 to cow’s milk in taste and texture, alongside a Protein Milk innovation, which boasts high levels of protein in a plant-based milk product – both under the Silk brand. Alongside this, we have seen an increase in engagement by large dairy producers in plant-based new product developments, with launches involving blended formulations.
2022 marked an interesting year for innovation in cheese, as longstanding industry giants, such as Bel Groupe, General Mills Inc, and Kraft Heinz Co, doubled down on alternative dairy by partnering up with either plant-based innovation startups, or precision fermentation companies, to develop animal-free varieties for their existing brands, and even launch new brands under their corporate umbrellas.
Inflation was persistent in 2021 and 2022, with a slight slowdown in 2023. Consumers have slowly been adapting to a new consumption environment, leading to a calculated, less impulsive, frugal shopping basket for their households.
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Plant-based Dairy
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 DefinitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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