Dairy Alternatives

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The global plant-based protein market was estimated to be valued at USD $18.5 billion in 2019 and is likely to reach USD $40.6 billion by 2025, growing at a CAGR of 14% during the forecast period, according to a new report offered by ResearchandMarkets.com, Dublin.

Innova Market Insights, Arnhem, the Netherlands, said “The Plant Based Revolution” is No. 2 of the top 10 food and beverage trends it is highlighting for 2020.

During the course of the past decade, the American yogurt category has grown to approximately $8 billion. Danone North America, White Plains, N.Y., said it conducted a review of total dollar sales for all of the innovations launched across the entire yogurt category between 2010 and 2019, and its Light & Fit Greek yogurt earned the top spot as the best-selling yogurt innovation of the decade (factoring in both dairy- and plant-based innovations).

Chobani, America's No. 1 Greek Yogurt Brand, announced its biggest expansion ever, with an entire platform of batch-made oat-based drinks and cultured oat blends, as well as dairy-based creamers.