Welcome Green Monsters! We're your online guide to making conscious choices that help people, animals and the planet.
Download food monster: the biggest, baddest, yummiest vegan food app!
Buy the #EatForThePlanet book
single

SUBSCRIBE TO OUR Newsletter

  GET FOOD MONSTER AppX

Move over cow’s milk, plant-based dairy alternatives such as soy, almond, coconut, rice, and hazelnut are taking center stage! A new report by Report Buyer found that the global dairy alternatives market is expected to surpass $34 billion by just 2024.

The report found that the soy segment accounts for the largest share of the dairy alternatives market, due to the many varieties of flavors, blends, and fat content. Almond milk is one of the fastest segments in the dairy alternatives market (almond milk sales have increased by 250 percent from 2000-2015 to almost $895 million!), with rice milk holding the third-highest share in the dairy alternatives market.

The report also noted that geographically, the global dairy alternatives market is dominated by the Asia-Pacific region. North America is the second largest market for dairy alternatives, followed by the European region. Latin America, Brazil, Mexico, and Argentina are “observing high demand for dairy alternatives,” the report stated.

The reasons for consumers opting for plant-based alternatives are numerous. From animal welfare concerns, the rise in lactose intolerance, milk allergies, and the milk industry’s destruction of the environment, more and more consumers are saying “Bye!” to dairy milk. Following this shift, many dairy producers are even investing in dairy alternative companies. For instance, Dean Foods invested in Good Karma Foods. Not to mention some dairy farmers are even swapping their operations to be plant-based milk facilities! The future is looking bright for plant-based milk.

For more information on the impact of our food choices on the planet, check out the #EatForThePlanet book!

 

Image Source: bigfatcat/Pixbay

Want to read more posts like this? Sign up for our newsletter below!​

Browse through some recent posts below:

Champ, the Dog Tied Up and Starved to Get Revenge on an Ex, Is Now In a Loving Forever Home and We Can’t Stop Crying

Dove Is Going Cruelty-Free Thanks to Unilever’s New Commitment to End Animal Testing!

NYC Is Getting a Vegan Ramen Shop!

African Elephants Could Be Extinct in the Wild in 20 Years – Stand Up to End the Ivory Trade!


Disclosure: One Green Planet accepts advertising, sponsorship, affiliate links and other forms of compensation, which may or may not influence the advertising content, topics or articles written on this site. Click here for more information.

0 comments on “See Ya, Cow’s Milk! Global Dairy Alternatives Market Set to Hit $34 Billion Mark by 2024”

Click to add comment


Subscribe to our Newsletter




Follow us on


Do Not Show This Again

×

Submit to OneGreenPlanet


Terms & Conditions ×
  GET FOOD MONSTER APPX