Source: SOUTHERN FARM NETWORK, 6/21/18

A new report from CoBank predicts continued double-digit growth in the plant-based milk alternatives market. The report says sales are up 61 percent over the past five years, with slower growth of 15 to 25 percent projected by 2022. At the same time, cow’s milk consumption continues a decades-long slump. However, a CoBank spokesperson says the total volume of alternative milk is “relatively small and is not a major factor behind declining fluid milk sales.”

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