Are We Saying Goodbye to Traditional Dairy?
The global plant-based dairy market is expected to grow at a CAGR of 11% – 12% from now until 2030 when it is projected to reach a value of around $55 – 65 billion.
In addition to the oat or soya milk varieties, we are used to seeing, lab-grown dairy and hybrid products combining plant and animal-based ingredients will emerge, catering to the flexitarian trend. Carbon-neutral operations, water conservation, regenerative farming and methane reduction from livestock will become critical for the industry's survival.
Stay tuned to see what happens next…