Plant-based dairy is expected to see an accelerated rate of growth in retail volume terms over the forecast period. Besides improving economic conditions, this will be driven by rising health and wellness concerns, particularly with regard to boosting the immune system, a legacy of COVID-19.
During the forecast period, other plant-based milk will grow much faster than soy drinks, albeit from a much lower base. While other milk alternatives were once sold mostly through health food stores, they are becoming increasingly available via e-commerce as small-scale entrepreneurs venture into this space.
Within plant-based dairy, there is also an opportunity for manufacturers to venture beyond flavoured soy milk when developing new flavours. Oatside, for example, offers chocolate flavour in its 1-litre carton pack while other brands, such as Almond Breeze, has various flavours such as chocolate and vanilla.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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