Beyond Meat is just the beginning — dairy alternative firms are set to boom to a $38 billion market

since its trading debut in May. The boom doesn't seem to be an anomaly — dairy-free foods are also set to surge.

Dairy-free yogurts, cheeses and milks have grown much faster than plant-based meat, as more consumers are looking for dairy alternatives. Dairy-free cheese sales rose 20% in the year to April to $160 million in the US, and yogurt sales grew almost double that, at 39% to $230 million, according to Spins and the Good Foods Institute. Plant-based meat on the other hand grew 10% in the same time frame.:"The growth of plant-based milk — now purchased by 37% of households — has laid the groundwork for growth in other plant-based dairy categories," and that the dairy alternative market is now worth $1.2 billion.

Spins data also said that sales of plant-based foods that directly replaced animal meats in the past two years have reached $4.5 billion. Sales of egg substitutes were one of those, with sales doubling to $6.5 million.

Up against almond, soy, and other non-dairy milks, oat milk – a dairy-free, vegan milk substitute – remains fairly unknown among most U.S. adults (52%), but may be an up-and-coming trend:

MillacuraFA Now I m 100% sure .. after 300-400 years humans life will be max 35-45 years only.. 🤪🤪

Investors love $BYND

This is all beyond belief

really? vegans spend $38 billion on milk substitutes?

Feed the baby first; the baby can’t feed himself yet. Well fed, well bred.

andrewdisab

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