According to Cargill, the world's largest producer of animal feed, dairy sales are down on a global level. Between 2006 and 2016, they've dropped 22 percent. On the flip side, sales of plant-based milk alternatives have tripled. There's a notable increase of plant-based milks in the Asia Pacific market.
Cargill presented their findings at a recent Institute of Food Technologists trade show. The numbers come from their internal research.
"Our intent was to figure out what’s important to consumers,” Pam Stauffer, Global Marketing Programs Manager at Cargill, explained to Naturalingredients-USA, “so that our customers can develop the most appropriate products for their markets.”