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Abstract
North America Is expected to grow at a similar CAGR of 12.25% during the forecast period, with the milk segment owning the highest market share, expected to grow at a CAGR of 124% per annum, according to Straits Research. "There are many consumers that are vegan or lactose intolerant and desire or need to avoid dairy products per their dietary restrictions," says Hal Woodyard, senior vice president, sales and business development, Sebring, Fla.-based CltraPac Inc. Growth on the alternative side can be attributed to several demographics. Dennis Reid, vice president of Business Development and Specialty Ingredients, Washington, Mo.-based Osage Food Products, points to millennials and younger-generation consumers "who are advocates of plant-based alternatives because they are viewed as more healthy and more sustainable, with both environmental and animal-welfare friendly perceptions." " "Natural," "clean-label," "non-GMO" and "gluten-free" are among other claims appearing on a majority of plant-based dairy labels, reveals Joe O'Neill, vice president of sales and business development at A&B Ingredients, Fairfield, NJ.