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Trends & innovations in dairy & plant -based
Presentation by Louisa Sabin
Insight Analyst
The First Dairy Conference
Athens, 29 November 2019
© Zenith Global Ltd 2019
Agenda
Trends & innovations in dairy & plant-based
2
• Zenith Global – About us
• Trends & innovation in Dairy and Plant-based
• Ingredient spotlight: CBD
© Zenith Global Ltd 2019
Zenith Global is a specialist food and drink research and consulting business offering
a unique combination of commercial and technical guidance to the food and drink
industries worldwide.
We provide a wide range of service including:
• Market research and analysis
• Feasibility studies
• Business planning and due diligence
• Design and project management of food and drink factories
The First Dairy ConferenceZenith Global – About us
Trends & innovations in dairy & plant-based
3
© Zenith Global Ltd 2019
Trends & innovations in dairy & plant-based
4
1. Dairy Innovation
© Zenith Global Ltd 2019
Dairy Innovation
• The renaissance of fat
• The new protein – going beyond Greek yogurt
• Functionality
• Cheese snacking
The First Dairy ConferenceTrends & innovation Dairy – key consumer trends
Trends & innovations in dairy & plant-based
5
© Zenith Global Ltd 2019
The First Dairy ConferenceTrends & innovation Dairy – The renaissance of fat
Trends & innovations in dairy & plant-based
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• Full-fat dairy products are renewing with growth after years of backlash
• Popular diets such as Keto and Paleo are emphasising the momentum of whole fat
dairy
• Small and major companies alike are launching products that align with the trend.
Drinkable yoghurt Yoghurt Ice cream
© Zenith Global Ltd 2019
The First Dairy ConferenceTrends & innovation Dairy – The new protein – going beyond Greek yogurt
Trends & innovations in dairy & plant-based
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• Protein continue to be a star ingredient across all dairy sectors
• Greek yoghurt’s lost momentum in the US is shedding light on other high-protein
dairy products
• Focus: The revival of cottage cheese in the US
Quark Kefir Skyr Cottage cheese
© Zenith Global Ltd 2019
• The health and wellness trend is spurring growth in functional foods
• Gut health makes up a key driver in the functional dairy category
• New processing allow customised products
The First Dairy ConferenceTrends & innovation Dairy – Functionality
Trends & innovations in dairy & plant-based
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Source: European kefir report 2019
Yoghurt Ice CreamDairy drink Processing
© Zenith Global Ltd 2019
• The largest market for snack cheeses remains North America but demand from other
regions is gaining traction
• Natural cheese vs processed cheese
• Focus trends: Adult snacking, Kids snacking, Exciting flavours, Indulgent snacking
The First Dairy ConferenceTrends & innovation Dairy – Cheese snacking
Trends & innovations in dairy & plant-based
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Source: Cheese Snacking report 2018
Adult Snacking Kids snacking Exciting flavours Indulgent snacking
© Zenith Global Ltd 2019
Trends & innovations in dairy & plant-based
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2. Non-dairy Innovation
© Zenith Global Ltd 2019
The First Dairy ConferenceTrends & innovation – Non-dairy
Trends & innovations in dairy & plant-based
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• The rise of non-dairy milk alternatives is relentless
• Key drivers of consumption and consumer profile
• Dairy is remaining strong via product innovation
Cheese Yogurt Ice Cream Milk
© Zenith Global Ltd 2019
The First Dairy ConferenceFocus country - US
Trends & innovations in dairy & plant-based
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19,4%
67,1%
0,9%
0,3%
12,3%
Plant-based dairy drinks types - % volume share, 2018
Soy Nuts Grain Pulses and seed Others
Soy
Rice
Almond
O…
Others
0%
4%
8%
12%
16%
0,00 0,10 0,20 0,30 0,40 0,50 0,60
Plant-based drinks dynamics by segment
Volume
CAGR %
2019-25f
Source: USA Opportunities in Plant Based Drinks Report 2019
Per capita consumption in 2025f (litres)
© Zenith Global Ltd 2019
The First Dairy ConferenceTrends & innovation – Non dairy
Trends & innovations in dairy & plant-based
13
Soya
Mature Emerging Consolidating
Nuts GrainsLegume
& SeedsOthers
© Zenith Global Ltd 2019
The First Dairy ConferenceVolume share of plant-based milk consumption
Trends & innovations in dairy & plant-based
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Americas EMEA A. Pacific
15%
14%
71%
© Zenith Global Ltd 2019
The First Dairy ConferenceKey drivers of consumption and consumer profile – Non dairy
Trends & innovations in dairy & plant-based
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4
3
1
2
Sustainability
Animal
welfare
Experimentation
Ethical
values
4
3
1
5
2
Millennials and Generation Z are driving the consumption of
plant-based drinks.
Adults from Generation X and baby boomers are also
purchasing plant-based drinks but in lesser quantities.
Millenials
Generation Z
Health &
wellness
© Zenith Global Ltd 2019
Trends & innovations in dairy & plant-based
16
3. Ingredient spotlight : CBD
© Zenith Global Ltd 2019
• CBD vs THC
• Legislation challenges and market development
• Key growth markets
The First Dairy ConferenceIngredient spotlight : CBD
Trends & innovations in dairy & plant-based
17
© Zenith Global Ltd 2019
The First Dairy ConferenceIngredient spotlight : CBD
Trends & innovations in dairy & plant-based
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Key growth
markets
USAKey market opportunities
UK
Germany
Japan
Mexico
Canada
Source: Global CBD drinks report 2019
© Zenith Global Ltd 2019
The First Dairy ConferenceIngredient spotlight : CBD
Trends & innovations in dairy & plant-based
19
Cheese Ice creamYoghurt
Milk
Not yet
launched on
the market
Not yet
launched on
the market
© Zenith Global Ltd 201920
For more information on this presentation or any of Zenith’s services, please contact:
Name: Louisa SabinEmail : [email protected]
Or telephone Zenith’s head office on +44 (0)1225 327900www.zenithglobal.com