The demand for plant-based, non-dairy milk is on the increase, but not all non-dairy beverages are created equal: The demand for nut-based beverages on the rise, while soy and rice milk companies are seeing a decline in sales.
“Total refrigerated plant-based beverage sales jumped 7% to $1.61 billion, while total shelf-stable sales increased 4.7% to $229 million. The SPINS data include conventional outlets and natural and specialty gourmet channels. Not included were online and convenience channels and some major retailers, such as Costco, Whole Foods, Aldi and Trader Joe’s, so SPINS noted the category size was ‘likely much larger.'”
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