I Can’t Believe It’s Not… | Rabobank

I Can’t Believe It’s Not…

July 31, 2018

Global retail sales of dairy alternatives have risen 8 percent annually for the past 10 years, and the current market for milk alternatives is valued at $15.6 billion, reports Food Business News. “Dairy alternatives are on the rise as consumers are increasingly going dairy-free, particularly when it comes to fluid milk used on things like cereal or in coffees,” said Senior Analyst Tom Bailey. “These products have competed in the dairy space for decades, but competition has intensified as dairy alternatives broaden in types, styles and categories of product.”