Their Preparation Has Grown From Kitchen Recipes Handed Down From Generation To Generation Throughout Asian Diasporic Communities, Into A Reported $2.5 Billion Industry Reaching 4 In 10 Households Through Grocery Store Sales In 2020.
During that same period, the total milk market has decreased by more than $1 billion. Within the span of three months in 2021, almond milk accounted for a sales. India and china impact the asia pacific region strongly.
Only 25% Use Alternative Milks In Cooking, Compared To 42% Of Cow's Milk Drinkers.
The us dairy milk market, in particular, has steadily declined to $15.9 billion, and is expected to drop another 11% during the 2015 to 2020 period. The plant milk market exceeded usd 12 billion in 2019 and is estimated to achieve over 11% cagr between 2020 and 2026 as growth in health, fitness and diet consciousness among consumers will fuel the industry demand. From coffee creamers, yogurt, cheeses, ice cream, and more,.
It Had Grown At A 5% Clip In The Year, Compared To Dairy.
The market for plant based milk alternatives is projected to grow at a cagr of 15 % from 2013 to 2018 (markets and markets 2013) and is expected to reach a value of $14 billion.
