Plant-based dairy products continue to occupy a niche space within the market, but their projected robust growth over the forecast period is noteworthy. This niche is steadily expanding from a low base and primarily appeals to health-conscious consumers, thereby offering substantial growth prospects.
The upward trajectory of plant-based dairy products is anticipated to gain momentum with the twin drivers of increased product visibility and the prevailing health and wellness trend. Over the forecast period, soy drinks, cream, and desserts are forecasted to tap into a broader consumer base, particularly aligning with the health consciousness prevalent among middle- to upper-income consumers – a key target demographic.
Plant-based dairy products remain firmly under the control of multinational players, predominantly due to the nature of their importation. This positioning subjects the category's prices to the volatile global price landscape, exerting an influence on local demand.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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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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