The global dairy alternatives market was valued at $23 billion in 2021 and is estimated to reach $65.33 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.3%, according to Pune, India-based Straits Research.
Milk alternatives and plant-based products are featured twice in this issue: the Outlook Report and Market Trends. There has been much discussion about this topic thus far in 2023.
U.S. sales of plant-based milks reached $2.8 billion in 2022, according to the Plant-Based Foods Association. “Plant-based milk remains the largest segment in the plant-based foods industry, with 40.6% of U.S. households purchasing plant-based milks, and an astounding 75.7% of consumers repeating their purchases,” the organization stated.
Founded in 1988, Naturli' strives to become the ultimate choice for both vegans and non-vegans alike and proving that healthy and responsible choices can also be indulgent.
Gone are the days when consumers walking down the grocery store aisle simply looked at the traditional four P’s of marketing: product, price, place, and promotion.
With an MBA in Economics and more than 25 years of experience in the retail, wholesale, and life science sectors, Hower has occupied several senior management roles across his career.
July 5, 2023
Hower will be responsible for BENEO’s portfolio of plant-based proteins, including Meatless, a specialized company for plant-based texturizing solutions.
Pourable Plant Milk Mozzarella (also available in allergen friendly option) and Plant Milk Butter are now available.
May 19, 2023
The distribution partnership with Dot Foods will allow Miyoko's Creamery to deliver vegan products, crafted for all culinary and baking applications, to more than 5,000 foodservice distributors around the country.
In ancient times, humans became lactose intolerant, or unable to fully digest the sugar (lactose) in milk, after childhood. Not surprisingly milk is a top growth driver in the lactose-free dairy market, while functional ingredients like proteins and fiber add value and better nutritional support.