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In the North American region, high growth is expected due to increases in population and other factors.
January 6, 2020
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.
The flexitarian movement appears to be having the most impact on growth.
December 17, 2019
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.
The company also said its Light & Fit Greek yogurt earned the top spot as the best-selling yogurt innovation launched between 2010 and 2019.
December 13, 2019
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).
The expansion also marks the company’s first foray outside of the yogurt aisle.
November 18, 2019
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.
Back in June, I wrote about the wave of consumer confusion resulting from the use of dairy-specific terminology such as "milk" and "yogurt" on the labels of dairy alternatives.