Product developers are expanding beyond soy and pea to refine plant-based formulations. A new set of alternative ingredients are providing flexibility and diversity within an iterative development process.
Plant-based dairy alternatives are gaining ground on milk and other traditional dairy beverages
November 6, 2017
Spurring the segment's growth will be plant-based dairy alternatives, which are expected to come to represent 40% of the combined total of dairy and dairy alternative beverages, up from 25% in 2016 when dairy alternative beverages alone accounted for barely $6 billion in retail sales.
Innovation and expansion surround plant-based dairy and meat alternatives
May 11, 2017
According to The NPD Group, a leading global information company, the market for plant-based alternatives is still evolving as consumers begin to leverage these items because of food allergies or they’re seeking what they believe to be more healthful options.
Although only a minority of consumers say they follow a specific type of diet, such as a vegan or vegetarian, consumers report eating more vegetables today than a year ago.
Experts project that at least 2.5% of US adults follow a strict vegan diet. Interestingly, this figured is dwarfed by rising numbers of consumers who are not on a strict vegan diet—but appear to be looking for new vegan food and drink options.