Dairy accounts for two-thirds of the plant-based market and the soy, oat and almond-based products now have 13 per cent of the dairy market.
It might be more in Canada where supply management results in higher cows’-milk prices than in the U.S.
Plant-based products brought in $4.5 billion last year.
There have been further gains as meat substitutes such as Beyond Meat’s products have gained a lot of media attention and a place on restaurant menus, such as Tim Horton’s breakfast meals.
