The consumption of vegetable drinks is expected to grow 108% in Brazil, according to Forbes

The demand for drinks of vegetable origin has intensified among Brazilians. Data from Forbes and Persistence Market Research confirm that consumption of dairy products is expected to drop 27% by 2023 while consumption of plant-based alternatives is expected to grow 108%. The projection considered the period between 2013 and 2023. The flavors of chestnut, almond and coconut, are among the most sought after in the market. Also according to the Persistence Market Research report, the global meat and dairy sector is currently experiencing an unprecedented level of competition and turbulence, driven mainly by the growth of viable plant-based alternatives. The products are evolving as perfect substitutes for those of animal origin, as they contain relevant nutritional composition. In addition, the growing popularity of chestnut, almond and coconut milk is also increasing the demand for these drinks. “In five years, our flavor portfolio has increased and the revenues generated by this ...