The local market is expected to see an increase in new types of plant-based milk, particularly with the emergence of variants such as rice milk. The latter is becoming an attractive option for consumers with lactose intolerance, as well as for vegans and vegetarians, due to its smooth taste and texture, which make it suitable for a variety of beverages, including coffee and smoothies.
As interest in health continues to grow, other plant-based milk is poised for further significant growth over the forecast period. In light of declining birth rates and an ageing population, the introduction of innovative plant-based milk is expected, specifically created for the ageing population.
The use of plant-based milk by foodservice establishments is expected to become increasingly widespread over the forecast period, driving further growth through this channel. As consumers increasingly prioritise health and wellness while seeking sustainable and personalised dining options, foodservice establishments must diversify and enhance their menus to align with these trends.
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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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