While soy foods have reported a mixed performance in recent years, other plant-based proteins from Solazyme Roquette Nutritionals' novel algae-based protein to Quorn micoprotein are gaining momentum, and sales of almond and coconut based beverages continue to surge.
Over the past year, household penetration of plant-based beverages in the US has grown by 200 basis points to the highest reported level since the introduction of the category, revealed WhiteWave Foods CEO Gregg Engles on the firm's Q3 earnings call last month.
“The most recent 12-week data show category growth continues to be over 20%: WhiteWave CEO: The cost advantage of plant-based food and beverages over dairy will continue to grow
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European dairies Nestlé, Danone and Lactalis made up the podium in the latest Rabobank Dairy Top 20....