News

Vegan Milk Puts a Dent in Western Europe's Dairy Sales

New research shows that people in Western Europe are increasingly purchasing plant-based milks, which is having a negative impact on dairy's profits.

A new report compiled by market research firm Euromonitor revealed that the dairy sector is the worst performing in terms of sales across Western Europe. While Euromonitor found that general food sales grew across Europe by 12.9 percent from 2012 to 2017, the compounded annual growth rate (CAGR) of dairy in Western Europe was .27 percent. Euromonitor senior research analyst Leonardo Freitas credited the shift to an increased interest in plant-based milk among people in Western Europe. “A recent and significant change in lifestyle and consumer choices have been shifting the category throughout the region and driving the decline for dairy,” Freitas told media outlet Foodnavigator. “Whilst the concern regarding lactose intolerance has increased in the continent, many consumers started to slow down on their dairy-based product purchases and seek alternative products such as almond milk, soy-based products, and coconut milk.” Freitas explained that consumers are also linking animal-derived milk to digestion issues, which is also having a negative effect on the sale of dairy products. Euromonitor’s report is consistent with global data that predicts a sizable spike in the value of the plant-based milk industry—currently estimated to be worth $35 billion by 2024.

More News

100,000-Square-Foot Vegan Block Party Hits LA

100,000-Square-Foot Vegan Block Party Hits LA
Read More »

Luxe Shop Debuts Vegan Avocado-Shaped Ice Cream

London's luxury gelato stand Snowflake sells vegan ice cream made from, and shaped like, an avocado, complete with an edible pit.
Read More »

IKEA Promotes Plant-Based Eating for Earth Day

The furniture chain sent a newsletter in time for Earth Day with three plant-based recipes it says are good for your body and the planet.
Read More »

'50s Style Vegan Diner Opens in Michigan

Former Detroit-area food truck Shimmy Shack's new retro diner will serve Coney dogs, burgers, and shakes, and host birthday parties, gift-basket making events, and vegan vintage clothing pop-ups.
Read More »

Vegan Chicken Nugget Startup Raises $1 Million

Seattle Food Tech plans to debut its plant-based chicken nugget replicas at school cafeterias by the end of 2018.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »