Russia: Growth in raw milk prices has a positive impact on the herbal drinks market, according to Maxim Nikitochkin from EY

Analyst company Euromonitor International noted a drop in demand for soy milk replacers. At the same time, other drinks, which are not based on soy, show a significant increase. Maxim Nikitochkin, senior manager of the EY agro-industrial complex services group, spoke about the market situation in more detail. Milknews: Worldwide, there is a decline in interest in soy drinks. What are the trends in the vegetable milk market today in Russia? Maxim Nikitochkin: The plant-based food industry in Russia is in its infancy, its pillars at the moment are oat and soy drinks. Now there is no established classification of plant-based products, based on the analysis of the food offer, the correct classification could be as follows: drinks and desserts (of all tastes - oat, soy, buckwheat, almond, coconut, rice, etc.) and coconut milk and cream , fermented and non-fermented products. All chains demonstrate interest in the category, significantly increasing its range. If 2019 and 2020 can be ...