Plant-based milk market grows at 9.5% annual rate, projected to reach $51.3 billion by 2035.
The plant-based milk market is experiencing significant growth, driven by younger consumers seeking healthier alternatives to dairy. Projected to reach $51.3 billion by 2035, the market is expanding at a 9.5% annual growth rate. Companies are investing in new products and technology to differentiate themselves, with oat milk rising in popularity due to its frothing ability. Even traditional dairy brands are entering the plant-based sector to meet consumer demand.
September 15, 2024
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