Future Food Tech’s recent Alternative Proteins event, which convened over 600 industry players, showcased the myriad innovations that will enable us to continue to bring home the bacon (and chicken, beef, fish …) without further endangering the health of the planet.
The dairy aisle is in a period of transformation, as an increasing number of animal-free alternatives compete for shelf space. If we were to fast forward a decade, what would it look like then? Tim Geistlinger, Chief Scientific Officer at animal-free dairy start-up Perfect Day, shares his predictions.
Ten years ago, the dairy aisle looked very different to how it does today. While soymilk was readily available, and other plant-based offerings were entering the category, dairy alternatives had yet to truly hit the mainstream.
Market research data highlights just how far the dairy-free alternatives category has come. Back in 2010, Innova Market Insights valued the global market for plant-based dairy alternative drinks, for example, at $7.4bn. In 2019, Grand View Research estimated plant-based beverages to be valued at $12.4bn.