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  • The global dairy alternatives market generated $13.0 billion in 2018, and forecasts that the segment will reach $35.8 billion by 2026, registering a compound annual growth rate of 13.6% between 2019 and 2026
     
  • Consumers with allergies to dairy products and consumers who follow a vegan lifestyle are helping to drive demand of Plant-based products.
  • The dairy-free ‘milk’ category is often the first category where a consumer enters the world of dairy alternatives.
     
  • Consumption of evaporated milk and sweetened condensed milk continues to grow and is expected to register an average annual growth of 2% from 2019 to 2024.