Due to growing consumer demand, popular US-based grocery supermarket chain, Trader Joe’s, has launched a new vegan cashew cream cultured yogurt alternative. The organic product contains coconut cream and comes in two flavors – Strawberry and Vanilla Bean.
lactose intolerance
Rising Lactose Intolerance Stimulates Growth of Plant-Based Beverages
Plant-based beverages are classed as drinks similar to dairy-based beverages in terms of texture and flavour as well as the nutritional benefits they offer. The market for plant-based beverages is dominated by plant milks, of which soy-based drinks are shown to have the fastest growth in a new report.
Vegan Chocolate to Continue Rapid Growth to 2025
A growing interest in healthy lifestyle, in addition to increased awareness of animal cruelty and the environmental effects of agriculture, is said to be the driving force behind the growth of the vegan chocolate market which is set to continue. According to a recent market research report, vegan food is currently trending in the developed market which is driving the vegan chocolate market and projecting it into the mainstream.
Dairy Alternatives Market to Reach US $24 Billion by 2025
Experts expect the value of the milk alternatives market to exceed US $ 24 billion by 2025. In 2017, the market for milk alternatives was estimated at 9.8 billion US dollars. The milk alternatives sector is growing with a compound annual growth rate (CAGR) of 12.4 percent, whilst global demand for dairy products is increasing by 2.5 percent, according to analyst Tom Bailey.
Organic Spreadable: Vegan Butter from Australia
The new Australian food company “Funky Fields” has launched the vegan butter “Organic Spreadable”. The company is bridging a gap in the market for spreadable fats, surpassing previous margarine alternatives.
Barry Callebaut Expands Milk-Free Chocolate Range
At this year’s Sweets & Snacks Expo in Chicago, held from 22-24 May 2018, Barry Callebaut presented a new milk-free product line called Pathway for the B2B market. Due to the general increase in consumer demand for purely plant-based products, Callebaut is now offering Pathway, a range of chocolate alternatives which can be used to produce countless goods such as confectionery, baked goods, cereals and snack products.
Plant-Based Yoghurts: New Flavours Boost Consumption
According to the market report “Non-dairy Yogurt Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 to 2025”, the global market for plant-based yoghurts is experiencing growth due to rising consumption during this forecast period. This is mainly due to the introduction of new flavours and varieties, as well as growing awareness of the health benefits.