Plant-based dairy continues its popularity in 2023, thanks to ongoing health and wellness trends, along with receiving increased interest and investments from industry leaders. Previously, plant-based was more of a select area containing specialist plant-based companies, which the larger players may acquire. For example, we saw this with the acquisition of Follow Your Heart by Danone Groupe (GBO), or the purchase of VioLife by Upfield Holdings BV. However, 2022 presented a different form of enga...
Euromonitor International's Plant-based Dairy in USA report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Plant-based Dairy market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Plant-Based Dairy in the US
Euromonitor International
September 2023
List Of Contents And Tables
PLANT-BASED DAIRY IN THE US
KEY DATA FINDINGS
2023 DEVELOPMENTS
Plant-based dairy maintains its success, thanks to ongoing health and wellness trends
A mixed year for plant-based dairy, as prices continue to increase
A move from ingredients to functions is being seen on labelling
PROSPECTS AND OPPORTUNITIES
Blended products to expand in the future – across all categories
Plant-based cheese set to see reviving competition as players perfect their formulations
Consumer frugality looks here to stay
CATEGORY DATA
Table 1 Sales of Plant-Based Dairy by Category: Value 2018-2023
Table 2 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023
Table 3 Sales of Other Plant-Based Milk by Type: % Value 2020-2023
Table 4 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023
Table 5 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023
Table 6 Distribution of Plant-Based Dairy by Format: % Value 2018-2023
Table 7 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028
Table 8 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028
DAIRY PRODUCTS AND ALTERNATIVES IN THE US
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA
Table 9 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
Table 10 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
Table 11 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
Table 12 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
Table 13 Penetration of Private Label by Category: % Value 2018-2023
Table 14 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
Table 15 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
Table 16 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028