Plant-Based Dairy, Egg Product Sales Reach $4B in 2020
Projected CAGR of 6% through 2024 lead by popularity of plant-based milk and growing consumer palates for dairy-free eggs and dairy-free cheese
Market research firm Packaged Facts projects retail sales of plant-based dairy and egg products will rise at an average annual rate of 6.0%, reaching $5.2 billion by 2024. This is up from $4.3 billion in estimated sales in 2020, which itself is up from $3.9 billion in sales during 2019.
These findings were published in the brand new Packaged Facts report Dairy & Egg Alternatives: Outlook for Plant-Based & Cell-Cultured Consumer Products.