Global trading platform Tridge
Services
Resources
Company
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

News & Insights

Local News

Sales of oatmeal drinks in the United States amounted to $ 2.3 billion in a year

Updated Aug 2, 2022
U.S. plant-based milk sales rose 6.4% to nearly $2.3 billion in the fiscal year ended June, Green Queen reported Aug. 1. Almond milk analogue remains the leader among vegetable milk surrogates. In the United States, $1.2 billion worth of almond milk was sold during the year. In quantitative terms, sales decreased by about 1% compared to the previous year. The decrease in sales of oat milk substitute is due to the increase in the share of oat milk substitute.
U.S. plant-based milk sales rose 6.4% to nearly $2.3 billion in the fiscal year ended June, Green Queen reported Aug. 1. Almond milk analogue remains the leader among vegetable milk surrogates. In the United States, $1.2 billion worth of almond milk was sold during the year. In quantitative terms, sales decreased by about 1% compared to the previous year. The decrease in sales of oat milk substitute is due to the increase in the share of oat milk substitute. Manufacturer Oatly increased its share despite the difficulties of supply and lawsuits. Oatly is looking to promote almond milk as sales of oat milk rose more than 50% to over $527 million, SPINS reported. The soy analogue of milk, which was once the leader, lost market share to almond and oat. Sales of soy milk replacer decreased 0.09% to $165 million Ten years ago, sales of soy milk replacer exceeded $1 billion. Despite the decline in popularity, the soy analogue is still the third in terms of sales. It is ...
Source
Everything you love about a trade show, made 24/7
Sponsored by
image
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.