Within plant-based milks, almond may dominate sales and oat may be the fastest growing sub-segment, but an increasing variety of nut-, seed-, legume- and grain-based options are coming to market – simultaneously fragmenting and growing the overall segment.
Frozen treat brand Chloe's is going bite-size with its latest ice cream sandwich minis to provide an inclusive indulgence option for consumers looking to cool off this summer, brand CEO and co-founder Michael Sloan told FoodNavigator-USA.
Unit sales of plant-based dairy products are sliding even as dollar sales are up in most categories as inflation-related price hikes simultaneously cushion companies’ margins and discourage some consumers from trying new products and paying premium products....
Sales of plant-based dairy, including milk, cheese and yogurt, continue to grow at a rapid clip despite challenging macroeconomic and market conditions, but units in some categories are dipping slightly, according to recently released SPINS data, raising...
While almond milk and oat milk dominate the plant-based milk category in the US, Hope & Sesame sesame milk – which has a creamy texture and comparable protein levels to dairy milk (with the addition of some pea protein) – is gaining traction, generating...
Sales of non-dairy yogurt – like those of most plant-based products – have sharply declined in the past year, but a few bright spots revealed by consumer research and recent innovations by players in the space suggest the category could turn around with...
When it comes to plant-based milks for kids, the options are few and far between, say Alex and Lauren Abelin, founders of Kiki Milk, which is made with organic oats, hemp seeds, sprouted pumpkin seeds, coconut, and other “whole food ingredients.”
US retail sales of plant-based milk rose +6.4% to $2.299bn in measured channels* in the year to June 12, 2022, driven by double-digit growth in oat milk and pea milk, according to new data shared with FoodNavigator-USA from SPINS.
Minor Figures is gaining steam in the competitive oat milk category backed by a recent minority investment from Danone Manifesto Ventures and Hong Kong-based Green Monday Group as it executes on its specialized business model centered on the coffee community.
Worth an estimated $1.94b globally in 2020 and slated to grow at a compound annual rate of 17.7%, according to Research & Markets data*, the plant-based yogurt category is hitting its stride, even as manufacturers struggle to balance nutrition, mouthfeel...
Plant-based ice cream brand NadaMoo! is exploring moves into adjacent categories after raising almost $10m in a series B round led by District Ventures Capital and InvestEco, and a new partner Killam Investments, a South Texas based family office.
Eat Beyond has entered an agreement to acquire all of the outstanding share capital of Mylk Brands Inc., and in the process will acquire non-dairy milk brand Banana Wave, produced by Mylk's wholly-owned subsidiary Fresh Start Beverage Company.
Likely fighting an uphill battle, some nutrition experts, health care providers and professional athletes want the 2020 Dietary Guidelines for Americans to demote dairy from its long-held position as a standalone and recommended food group to a discretionary...
Allergen-friendly plant-based cheese brand GOOD PLANeT Foods has raised $12m in a series A round led by Cleveland Avenue, and supported by GreatPoint Ventures, Tasseo Consumer, Stray Dog Capital, and Lever VC.
After helping to trailblaze the now wildly popular plant-based meat category, the creators of Tofurky are hoping to work their magic again in the dairy-free cheese segment with the launch of new shreds and spreads under its sister-brand Moocho.
Non-dairy brand Miyoko’s Creamery announced a partnership with Farm Sanctuary to help California dairy farms transition to plant-based operations. They think it’s a win-win opportunity for a sustainable future.
The business developer behind Oatly and a team of Bolivian scientists have developed Quiny, a patent-protected and naturally sweet quinoa powder for plant-based milks, and are gearing up for a Latin American launch.
The exponential growth of non-dairy milk sales and variety in the US, in many ways has been a harbinger for the overall plant-based movement, but as demand for the beverages continues to rise – so too are consumers’ standards, which could prompt a shake-out...
A new make-your-own nut-based milk alternative is hitting the market this month. Modest Mylk is a nut paste sold in glass jars designed to blend with water into a ‘milk-like’ beverage, which the company says is more sustainable and affordable than conventional...
Laird Superfood, maker of fortified non-dairy coffee creamers containing a full range of MCTs, has closed $32m in a private funding round led by co-working tech company WeWork, which the company intends to use for product development and to make small...
With the opening of a larger manufacturing facility, cashew cheese maker Nuttin Ordinary is ready to expand distribution beyond its home market in New England so that it can continue to ride a wave of consumer interest in non-dairy alternatives that fueled...
