Plant-based Milk Alternatives Market in China
Nov 23, 2018
From 2015 to 2017, plant-based milk sales increased by 17%
From 2012 to 2014, the usage of vegan labeling claims on packages increased by 440% (claims like “free from dairy/ lactose-free”)
According to China CDC data, over 90% of Asians have lactose deficiency
China's Global Food & Hospitality Trade Show 2018 was held from November 13thto 15th, 2018 in Shanghai. It was attended by 3,000 companies from 60 countries and regions. During the trade show, experts from different countries expounded their ideas about the Chinese dairy market with a focus on plant-based milk alternatives. Verena Wiederkehr, head of Food Industry & Retail of Proveg International elaborated on the plant-based milk global market and also the market in China. From a global standpoint, the plant-based milk alternatives market was valued at about US 21 billion dollars in 2015 and is projected to exceed US 34 billion dollars by 2024.
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