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    Industry Dynamics
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    Growth in plant-based innovation

    Today’s trend of clean eating, has allowed the plant-based industry to flourish, with 62% increase in plant-based product as reported by Innova Market Insights. As there is a growing consumer interest in health, sustainability and ethics is driving plant-derived ingredients and products into high popularity. The increasing plant-based innovation products includes plant proteins, active botanicals, sweeteners, herbs & seasonings and coloring foodstuffs.

    The dairy alternatives category was largely pioneered by and continues to be led by beverages. Global sales of dairy alternative drinks are set to reach US$16.3bn in 2018 and they accounted for over 8% of global dairy launches recorded by Innova Market Insights in 2017, up from 7% over 2016. Actual global launches have more than doubled over a five-year period.

    Spoonable non-dairy yogurt has also seen strongly rising levels of interest, but from a smaller base, with a 48% CAGR for the 2013-2017 period taking its share of dairy launches from less than 0.5% in 2012 to 1.5% in 2017. According to Innova Market Insights’ consumer research, one in three US consumers have increased their consumption of plant-based milk/yogurt in the two years to the end of 2017.

    CONTACT

    Solbar Ningbo Protein Technology Co.,Ltd.
     Add: No.12 Xingye Road, Free Trade Zone, Ningbo, China 315800
     Tel: 0086-574-86806680
     Fax:0086-574-86806660
     Email: Sales.Solbar@solbar.com

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