Plant-based dairy is projected to see moderate retail volume and value (constant 2024 prices) growth in 2025, turning to incrementally strong rises as the forecast period progresses. The populations of vegans, vegetarians and flexitarians are likely to increase.
As climate change, global warming and the reduction of carbon dioxide emissions are likely to remain areas of strong focus over the forecast period, the demand for sustainable plant-based dairy is projected to increase. Plant-based cheese is expected to continue to record the most dynamic growth rates during the forecast period, albeit from still low sales bases.
The number of manufacturers in plant-based dairy is predicted to grow over the forecast period. Nonetheless, the multinationals Alpro and Oatly are projected to remain among the leaders in retail value sales terms with their eponymous international brands.
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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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