We’ve rustled up some stats and facts to show you just how popular the dairy-free industry is.
- According to a new report by market research firm Packaged Facts in the fourth edition of Dairy and Dairy Alternative Beverage Trends in the United States., 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
- Within the past year, Australian consumers purchased more than $200 million in vegan milk-products, making Australia the third fastest growing plant-based nation in the world.
- In the US, 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, a trend Australia is likely to follow.
“Vegetarians and vegans together account for less than 15 percent of all consumers, and their numbers do not grow very rapidly. But a growing number of consumers identify themselves as flexitarian or lessitarian, meaning that they’ve cut back on their consumption of animal-based foods and beverages. It is this group that is most responsible for the significant and ongoing shift from dairy milk to plant-based milk.” – Packaged Facts research director David Sprinkle