Sales in several dairy alternative subcategories soured for the 52-week period ending June 16, according to new data provided by Chicago-based market research firm Circana.
Today’s health-conscious consumers are trying to live their best lives. As a result, they're reading labels and discovering that cheese, yogurt, drinkable yogurt, kefir, and other fermented dairy products not only provide satiety but are proven to benefit digestive health.
Net sales of $44.6 million for the first quarter ended March 31, 2024, an increase of $6.7 million or 17.8% from the same period in 2023. The net sales increase was primarily driven by higher volumes of its branded drinkable kefir.
Lifeway Foods Inc. reported today reported net sales were $160.1 million for the year ended December 31, 2023, an increase of $18.6 million or 13.1% versus the prior year.
The 1971 song by Harry Nilsson states “You put de lime in de coconut, you drank ‘em bottom up.” However, when it comes to the dairy industry, consumers are putting de lime in the milk and drinking it up.