Vegan Milk To Represent Nearly Half Of The Milk Industry By 2021

By November 10, 2017Dairy, Vegan
The plant-based dairy alternatives market is expected to come to represent 40 percent of the combined total of dairy and dairy alternative beverages by 2021 – up from 25 percent in 2016.

According to a new report by market research firm Packaged Facts in the fourth edition of Dairy and Dairy Alternative Beverage Trends in the U.S., the non-dairy industry is predicted to be worth $28 billion in the next two years – a staggering growth from only $6 billion in 2016.

Packaged Facts also expects new and novel non-dairy milks to find a wider audience, such as: barley, flax, hemp, pea, and quinoa milk.

Source: Vegan Milk To Represent Nearly Half Of The Milk Industry By 2021