Dairy Products and Alternatives

Other plant-based milk registered a decline in retail volume terms in 2022, which is set to continue in 2023, with economic hardship leading many consumers to reorganise their budgets. This negatively impacts other plant-based milk products, with an…

Growth in plant-based dairy slowed in 2022, following the relatively strong rebound seen in 2021, after sales had shown a marked decline in 2020, mainly due to the pandemic-induced slump in the Chinese market in this year. Other plant-based milk,…

Plant-based milk has been growing steadily in Australia, maintaining both value and volume growth, when its dairy counterparts have struggled to grow in terms of the latter measure. In a more recent development, the growth of oat milk has also been…

In 2023, plant-based dairy is set to perform well, with average unit prices remaining relatively stable. The demand for plant-based products continues as more and more consumers take an interest in animal welfare, the environment and health.…

Sales of plant-based dairy fluctuated significantly over the review period. During the peak of the pandemic, in 2020, volume sales shot up but then declined in 2021 and 2022. By the end of 2022, retail volume sales had largely returned to 2019…