Plant-based milk is expected to continue to grow over the forecast period as consumers become increasingly health-conscious and seek to reduce their dairy consumption. The significant growth that the category has seen in terms of players ensures consumers will have a wide product choice going forward.
Prices in the category are still very high compared to dairy products, with a litre of almond milk being at least three times the cost of regular milk. Therefore, whilst the category will see very pronounced growth in the forecast period, it cannot go beyond a relatively small target market of mid- and high-income consumers in Ecuador.
Dairy yoghurt is perceived to have many health benefits, including providing protein, calcium and good gut health. Dairy cheese also enjoys a good reputation in Ecuador and is seeing rising interest from consumers looking for new flavours.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Plant-based Dairy industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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