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

Published 2020년 12월 2일

Tridge summary

Brazil is experiencing a surge in demand for vegetable drinks as consumption of dairy products is projected to drop 27% by 2023, while consumption of plant-based alternatives is expected to grow 108% from 2013 to 2023, according to Forbes and Persistence Market Research. The global meat and dairy sector is facing increased competition due to the growth of these alternatives. A Tal da Castanha, a company, has seen a 70% growth in 2020 with its plant-based drinks and plans to launch an oat-based vegetable drink and a line for children. The company is focused on products with a clean and nutritious label.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Milkpoint