The plant-based dairy segment is poised for robust growth throughout the forecast period, primarily driven by an upturn in the economy and the stabilisation of unit prices. Consumers are drawn to the novelty of these products and appreciate the elevated nutritional content that plant-based dairy offerings provide.
The predominant category within the plant-based dairy sector, soy drinks, is anticipated to exhibit strong growth over the forecast period. This growth will be particularly pronounced among middle-aged consumers who view such products as healthier due to their elevated protein content.
The lesser-explored category of other plant-based dairy, which currently encompasses only almond milk, holds substantial growth potential for the forecast period. Targeting primarily middle and upper-income consumers seeking novel and nutritional alternatives to mainstream dairy beverages, this product category is poised for expansion.
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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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