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Well, file this under news that isn’t the least bit surprising: according to a company release, Dean Foods, the largest supplier of milk in the U.S., has reported a 91 PERCENT DROP IN PROFITS. At this time last year, Dean Foods net income was $14.53 million, but now in their third fiscal quarter of 2017, their net income has dropped to $1.38 million. Net sales also dropped from $1.94 billion, as opposed to $1.96 billion last year.

And why the dramatic drop in profits? You guessed it: no one wants dairy anymore. The consumption of dairy has been facing a steady decline for decades. Plus, more consumers are waking up to the fact the dairy industry not only has a major negative impact on the environment, but milk is also not the nutritional powerhouse that many of us once thought it was. It turns out, we can get the same nutrients from fortified plant-based milk and whole, plant-based foods.

In fact, the dairy-free milk market has surged within the past few years. Almond milk sales, in particular, have increased by 250 percent from 2000-2015 to almost $895 million. New nut-free and soy-free alternatives, made from hemp, rice, and vegetables, have also been cropping up. The latest release, a milk formulated from pea protein, shows great potential since it appeals to consumers looking to avoid soy as well as nuts. Plus, pea-protein milk has a much smaller environmental impact than almond and boasts more calcium and nutrients overall.

We think it’s time for the dairy industry to face reality: cow’s milk may be going out of style, but there’s a future in plant-based milk. Just ask major food company, Danone, who recently reported a $760 million dollar profit spike due to their dairy-free brands. With Dean Foods buying stake in Good Karma, makers of non-dairy milk and yogurt earlier this year, it seems like Dean Foods knows which direction they need to head if they want to stay in touch with consumer needs and trends.

To learn more about the impact of our food choices as well as trends and developments in the plant-based food space, check out our podcast #EatForThePlanet with Nil Zacharias.

Image Source: Kadres/Pixabay

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129 comments on “Dean Foods Net Income Drops 91% Because NO ONE Wants Dairy”

Click to add comment
Maria Matura
6 Days ago

Let those abuser sadistic evil cruel people work for living no taking advantage of the animals put the Meat and dairy industry out of business


Reply
ToMo
7 Days ago

Glad I could do my part.


Reply
Emilia Proctor
8 Days ago

Good for animals! Perfect


Reply
Julie-Ann Whittaker
10 Days ago

Just look at that beautiful little face!!


Reply
Jerrianne Naify
12 Days ago

Finally we realize we are not baby cows!


Reply
Jessica Miller
12 Days ago

What a cute cow


Reply
Cynthia Saracino
12 Days ago

Woohoo


Reply
Fabian Pagano
12 Days ago

I don't care about any ethical issues about who consumes what, but I simply see this article as bullshit. I don't believe it and I see no references to any studies, and I highly doubtful that the dairy consumption rate of the US has dropped that fast.... I just don't see it.


Reply
Jessica Miller
11 Nov 2017

http://m.nasdaq.com/article/dean-foods-df-q3-earnings-in-line-stock-down-on-view-cut-cm873578 here is some data

Kris Ingram
11 Nov 2017

"I call bullshit but I haven't actually checked anywhere for any info on the topic". Nice work.

Klad Alles Bechtel
12 Nov 2017

So, if you don't care, why are you even bothering to look at this FB page?

Cassandra Rice Metcalf
12 Days ago

Eileen Sienkiewicz , and you and whomever you are feeding this milk to will ultimately pay the price ....and I’m perfectly fine with that . It is unnatural for humans to consume milk from an animal ....and your body knows that and reacts to the milk in many different ways ....inflammation in the entire body is one of them . So enjoy your inflammation and the results of that inflammation that will eventually follow. You didn’t honestly think that you could be so insensitive to the cruelty of animals an escape the consequences of a cold as ice heart did you ? Well , you won’t ....you will pay for every glass of that milk .... and again I’m so good with that .


Reply
Elana Willard Royer
12 Days ago

Good. Miyokos creamery, Kite Hill non dairy cream cheese & follow your heart parmesan ROCKS! SO GOOD.


Reply


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