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Dairy Alternatives

WhiteWave Foods

WhiteWave owns Silk, So Delicious, Earthbound Farm and Alpro and recorded US$3.4 billion in 2014 revenue

Ben and Jerry’s launches vegan line

“Ben & Jerry’s is ditching the cow for its latest line of ice cream. The South Burlington, Vt.- based company known for its outrageous flavours launched four vegan ice creams Wednesday. The ice creams, technically called “frozen dessert” because ice cream has to have a certain amount of milk fat, are made from an almond milk base and will roll out to grocery stores over the next four to six weeks”

USA Today, 2016

Iceland is now selling vegan, dairy-free ice cream

“Dessert just got a whole lot sweeter for vegans, as Iceland has announced it is the latest company to jump on the dairy-free ice cream trend… Instead of milk, ‘Nana’ ice cream is made with mashed avocado and banana and comes in three banana-infused flavours: vanilla, strawberry and chocolate. Each tub is just 104 calories in total, as well as being both vegan, lactose-free and gluten-free. Better yet, the ice cream claims to provide one of your five-a-day with each serving”

Evening Standard, 2016

Uncommon growth trajectory

“Matthew Sade, CEO of Hayward, CA-based Lyrical Foods (d.b.a. Kite Hill)… recently headed up marketing for meat-alternative firm Impossible Foods… [Said] We don’t disclose revenues, but I’m very familiar with early stage food and beverage companies and let’s just say that we’re on a growth trajectory that is very uncommon… We want to change the entire dairy landscape, and we’re building a whole platform of plant-based products that will completely change how people view categories from entrees to cheesecake. Artisan cheese will be a very small part of what this company will become in the next couple of years”

Food Navigator USA, 2015

Daiya plant based cheese now in 20k stores and generating double digit growth

“In 2009, when Daiya Foods first started selling cheese alternatives, the addressable market (based on what was selling at the time) was an uninspiring $10m, a figure most investors and CPG brands won’t even get out of bed for. Fast-forward six years, however, and the size of the prize has grown exponentially, say founders Greg Blake and Andre Kroecher… But can plant-based cheese and yogurts realistically hope to capture a similar share (almost 10%) of the dairy cheese and yogurt market that plant-based ‘milks’ such as almond milk have managed to secure over the past decade? Why not, says Daiya Foods… now sells products… in 20,000+ stores across North America, Europe Australia and New Zealand, and is generating double-digit growth in accounts from Safeway and Kroger to Whole Foods”

Food Navigator USA, 2015

Dairy alternatives market to reach $19.5 billion by 2020

“The global dairy alternative market is expected to increase at a rate of 15.5% each year until 2020 when it will hit $19.5bn, according to a report from MarketsandMarkets. In addition, the report says global consumption of dairy alternatives is projected to grow 15.2% per year over the next five years”

Beverage Daily, 2015

Dairy alternatives up 155% in UK

“There is a growing trend towards dairy alternatives in the UK, with volume sales of cow-milk alternatives such as soya, rice and buffalo milk up 155% between 2011 and 2013, according to a Mintel report”

Food Navigator, 2014

1 in 5 UK households buys dairy alternatives

“A staggering one in five UK households now chooses to buy non-dairy, plant-based products such as soya, rice, oat, almond or coconut milk as a lifestyle choice or for medical reasons. The size of the non-dairy market jumped from 36 million litres in 2011 to 92 million litres in 2013”

The Telegraph, 2008

Free from foods to reach £519 million by 2016

Britain’s free-from food sector is witnessing meteoric growth as more consumers report intolerance to certain foods, according to a new report about to be published by market research company Mintel. Retail sales are set to soar from £303M a year to £519M by 2016. While the number of new free-from products continues to rise, the dairy-free sector overtook the gluten-free sector in bakery for the first time last year, said David Jago, global research director for Mintel. “Dairy-free is likely to continue to grow faster,” he said. Gluten and wheat-free baked goods were worth about £135M, while dairy and lactose-free products were now valued at around £143M.

Food Manufacture, 2011

Milk alternatives control 8% of total milk sales in us, worth $2 billion

“Milk alternatives control just 8% of overall milk sales in the United States, but for the past few years, they’ve represented the fastest-growing part of the dairy market, according to Mintel, Inc., a Chicago-based research firm. Sales of milk alternatives rose to nearly $2 billion in 2013, up 30% since 2011”

Washington Post, 2014

Almond milk worth two thirds of milk alternative category

“Almond milk accounts for two thirds of sales in plant-based milk category… The US plant-based milk category grew 20% in the last quarter driven by continued growth in almond milk – sales of which were up more than 50% year-on-year”

Food Navigator USA, 2014

36% of US buyers prefer alternatives

“36% of US consumers either prefer milk alternatives and use meat alternatives”

Food Navigator USA, 2015

At current growth almond milk will be worth 19% of total US milk sales

“If current trends continue, almond milk will account for an astonishing 19% (dollar share) of the US retail dairy and dairy alternative beverages market in 2019”

Food Navigator USA, 2015

Plant based milks in 30% of US homes

“US household penetration of plant-based beverages has doubled in five years to more than 30%, with almond milk now accounting for almost 70% of sales and new nut-based milks such as cashew gaining momentum, says WhiteWave Foods”

Food Navigator USA, 2015

Plant based milk market worth $2 billion in China

“The plant-based beverage market in China is worth more than $2bn”

Food Navigator USA, 2015

75% of the world is lactose intolerant

“About 75% of the world’s population, including 25% of those in the US, lose their lactase enzymes after weaning”

Physicians Committee for Responsible Medicine

90% of asians are lactose intolerant

“Up to 90% of South Asians may be lactose intolerant”

Sutter Health, Palo Alto Medical Foundation

15% of UK is lactose intolerant

“Up to 15% of the UK population is thought to be lactose intolerant”

Lactose Intolerant