U.S. non-dairy milk sales surpass $2 billion in 2017
New research from Mintel reveals that non-dairy milk sales have seen steady growth over the past five years, growing an impressive 61% since 2012, and are estimated to reach $2.11 billion in 2017.
As the popularity of plant-based nutrition grows, it seems non-dairy milk is increasingly finding its place in Americans’ refrigerators. New research from Mintel reveals that non-dairy milk sales have seen steady growth over the past five years, growing an impressive 61% since 2012, and are estimated to reach $2.11 billion in 2017.
While almond (64% market share), soy (13% market share), and coconut (12% market share) remain staples in the category, new non-dairy milk types are sparking excitement as consumers look to diversify their non-dairy milk repertoire. Indeed, new varieties have experienced fast growth in popularity as 63% of those who have purchased pecan milk say they bought more pecan milk in 2017 than in 2016, while 58% of quinoa milk consumers say they bought more quinoa milk in 2017 than the year prior.
“Innovation will be a catalyst to drive the category forward in 2018 as both mainstream bases like almond and alternative plant bases offer added functional benefits and unique flavors. We predict that new plant bases such as cashew and rice will allow new entrants into the non-dairy milk category to eventually surpass the soy milk segment, one of the first non-dairy milk segments to really take off with consumers,” said Megan Hambleton, beverage analyst at Mintel.