China is experiencing strong growth for dairy alternative drinks, with a CAGR of 18.7 percent, to reach US$6.7 billion, according to Innova Market Insights.
Identified by market intelligence agency Mintel, the 2017 global food and drink trends are grounded in current consumer demands for healthy, convenient and trustworthy food and drinks. By Jane Barnett, Insights Manager for the ANZ, SEA and India regions at Mintel
Plant-based beverages are among the fastest-growing beverage segments world-wide. No longer niche, they have become lifestyle products gaining popularity with an ever-growing target group. Matthias Krusche, global product manager, Sig Combibloc, shares more.
With consumers becoming increasingly health-conscious, more are opting for plant-based dairy alternatives to reduce their dairy intake, as well as to benefit from the multiple advantages they offer. By Aslam Shaikh, research analyst, food and beverage domain, MarketsandMarkets
Premium processes and packaging, unique flavours and ingredients and a new generation of ‘mindful’ consumers have ‘plant-powered’ the dairy case, making both retailers and consumers sit up and take notice. As traditional dairy milk sales decline, the appeal of plant-based beverages is making an impact. By Greg Steltenpohl, co-founder and CEO, Califia Farms