Nuts are increasingly used in plant-based applications: they can be used to replace cow’s milk but also to bring great taste, texture and nutrition to the final product. Almond is now the number 1 milk alternative in plant-based beverages, representing more than $1bn in sales in the US alone (source 1). Hazelnut and cashew are also increasingly popular.
The Western European non-dairy market is expected to keep being extremely dynamic (Source 2)
- Dairy-free beverages: +9.8% CAGR, reaching 3.4bn€
- Dairy-free yogurts: + 8.7% CAGR reaching 925m€
- Dairy-free ice cream: +13.1% CAGR reaching 241m€