Consumers increasingly choosing plant-based milk alternatives is limiting the growth of the camel milk industry.
A report published this week by market research firm Technavio found that the camel-milk industry is expected to grow at a compounded annual growth rate (CAGR) of seven percent and listed the rise of veganism as the main factor hindering the growth of the camel milk industry. Technavio revealed that camels are currently exploited for their milk in countries such as Australia, Kenya, and Ethiopia. “Plant-based milk alternatives such as soy milk, almond milk, and coconut milk are some of the major competitors for camel milk,” the report states. “Medical benefits, rising health consciousness among consumers, and increasing vegan population are driving the demand for such products.” In a separate report released by research firm HTF MI last week, veganism was also credited as a market challenge for the veal industry.
New Vegan Eatery Shares Profits with Employees
The Red Lunchbox in Halifax, Nova Scotia is good for the animals and fair to its workers.
Read More »
Real Housewives Star Throws Vegan Dinner Party
Porsha Williams' plant-based feast, complete with copious amounts of alcohol, was lit AF.
Read More »
Vegan Wins Wildlife Photographer of the Year
A moving image of Pikin the gorilla and her rescuer taken by photographer Jo-Anne McArthur was chosen among 50,000 applicants.
Read More »
Meatless Product-Launches Increase by 451 Percent
New data shows that UN naming 2016 the International Year of the Pulses is driving the growth of legume-based meat replacers in Europe.
Read More »
New Vegan Yogurt Line Launches in United States
British brand The Coconut Collaborative debuts its coconut-based yogurts and desserts at Wegmans.
Read More »
More Flashbacks
0 Response to "Veganism is Stunting Growth of Camel Milk Industry"
Post a Comment