As inflation stabilises and the economy starts to recover it is expected that plant-based dairy will start to see stronger growth in retail volume terms. The category benefits from highly positive perceptions, both in terms of health and wellness and sustainability, and it is also likely to experience strong investment in innovation over the forecast period.
Within plant-based drinks, oat and almond milk are poised to grow at a steady pace in volume terms, but this will come at the expenses of soy drinks. This factor is linked to pressure on the Belgian government to lift and/or lower taxes on plant-based ingredients, thus allowing retailers to sell plant-based drinks at lower prices.
In plant-based cheese,a new generation of ingredients is likely to be launched by players such as BolderFoods. Up until 2023-2024, most manufacturers focused on recreating casein (cheese protein) and not on bulk.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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