Global Market Insights Inc. says that the plant milk market size is anticipated to exceed $21 billion in yearly revenue by 2026, propelled by stringent regulations governing the food and beverage industry in Europe and the Middle East.
Reported to be the first and only non-dairy frozen dessert made with extra virgin olive oil, the company is launching a new flavor just in time for summer.
Rolling out at retailers nationwide this year, Vitalite is a new brand of plant-based, vegan-certified, dairy-free cheese from Saputo Dairy USA. Vitalite is available in six varieties: Plant-Based Mozzarella Style Slices, Plant-Based Mozzarella Style Shreds, Plant-Based Cheddar Style Slices, Plant-Based Cheddar Style Shreds, Plant-Based Grated Parmesan Style, and Plant-Based Creamy Original Spread.
Ontario-based Nuts For Cheese, maker of dairy-free, plant-based, artisanal cheeses, has announced a $5.35 million round of funding led by Forage Capital Partners along with CPG veterans Mike Fata and Dror Balshine.