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The Milk Alternative market is a subset of the Health Food and Sports Nutrition industry. It is composed of plant-based milk alternatives such as almond, soy, coconut, oat, and hemp milk. These products are often fortified with vitamins and minerals, and are marketed as a healthier alternative to dairy milk. They are also often used as a vegan or lactose-free alternative to dairy milk.
The Milk Alternative market has seen a surge in popularity in recent years, driven by the growing demand for plant-based and dairy-free products. Consumers are increasingly looking for healthier and more sustainable options, and plant-based milk alternatives are seen as a viable option.
Some companies in the Milk Alternative market include Silk, Almond Breeze, Oatly, Pacific Foods, Califia Farms, and Ripple Foods. Show Less Read more