Driven by a rising number of cases of lactose intolerance and increasing awareness of plant-based foods, the global dairy alternatives market is expected to reach $50.87 billion in 2028 and register a revenue compound annual growth rate of 10.5% during the forecast period, according to Reports and Data.
The New York-based market research and consulting company points to data from National Institutes of Health, which finds that about 65% of the U.S. population has difficulty digesting lactose. It also notes the perceived benefits of dairy alternatives, including nutrition profiles with antioxidants and fatty acids, which is said to reduce the risk of cardiovascular diseases, cancer and diabetes. Click through for a roundup of recent dairy-alternative launches in beverages, cheese and yogurt.