Plant-Based Milks Struggle Amidst Increasing Popularity of Dairy Alternatives
Monday, 16 September 2024, 06:46
Declining Sales of Plant-Based Milks
Despite the growing emphasis on healthier eating and sustainability, plant-based milks are witnessing a 5.4% decline in sales. This decline occurs alongside a surge in consumer interest in dairy alternative ingredients.
Factors Influencing Consumer Choices
- The rise of new plant-based milks such as oat and almond options.
- Increased awareness of dietary choices, with many gravitating towards a vegetarian diet.
- Changes in market strategies by major brands.
Market Analysis of Dairy Alternatives
- Understanding the shifts in consumer behavior could help in addressing the sales dip.
- The popularity of coconut milk and other alternatives is on the rise.
- Brands need innovative marketing approaches to reinvigorate interest in traditional plant-based milks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.