INTERNATIONAL IDM 8-9 September 2019 PROCESSING INGREDIENTS PACKAGING IT LOGISTICS www.international-dairy.com Unbenannt-3 1 19.08.19 14:25 Editorial ¦ IDM Seize opportunities when they open up Substitutes promise enormous sales potential You don't have to stand behind everything, you don't even have to understand everything that has developed in society – and thus also in eating patterns – or that is just beginning to emerge. But one should take note of the fact that the dairy markets are on the verge of revolution. Alternative products are increasingly replacing traditional dairy products. Here, completely new sales opportunities have long since opened up for milk processors, which they should use accordingly. Each company must decide for itself whether these opportuni- ties are to be seized – and above all argue this internally. According to Persistence Market Research, sales of vegan "cheeses" will grow by an average of 8.6% per year until 2028. Future Market Insights forecasts that global sales of alternative Roland Sossna dairy products will rise to US$24.6 billion by 2029, with a CAGR of 8.3%. Hexa Research Editor IDM expects the global market for vegan "yoghurt" to reach US$ 2.53 billion in 2015, with aver- International Dairy Magazine age growth of 16.4% per year.
[email protected] international-dairy.com Even if there is some sales promotion for the usually expensive market studies behind such sometimes somewhat sensational forecasts, it is still big numbers that are offered here. Against the background of declining sales figures in some dairy submarkets, such as coffee cream, liquid milk or fruit yoghurt, the segment of alternative products offers itself to be processed by dairies.