Plant-based dairy is set to gain substantial ground on dairy over the forecast period, with a very strong performance expected in retail volume and value terms. The growing number of environmentally conscious consumers and vegans in Bosnia and Herzegovina are expected to opt for plant-based dairy products instead of dairy from animal origin.
In response to rising demand, it is expected that a wide range of new products and brands will be launched in plant-based dairy during the forecast period, with the category set to become more relevant as consumers gain access to products that are already in high demand in countries in which demand for plant-based dairy is more developed. Consumers like to try out new products, flavours and combinations in plant-based dairy, and are generally prepared to pay more for improved quality and value-added products.
Both other plant-based milk and soy drinks are set to maintain healthy value growth rates over the forecast period, driven by the changing dietary habits and emerging trends that are broadly inspired by the rise of the health and wellness trend and the ongoing fitness craze. Some of these are vegans who prefer consuming non-dairy, plant-based milk products such as almond milk, rice milk, oat milk, soy drinks etc.
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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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