The Unthinkable Is Happening! Signs That Dairy Industry Is Imploding

The Western World is falling out of love with dairy, while the dairy free market is growing rapidly.

The dairy industry in the West is going through a tumultuous time. In the UK, one in ten dairy farms have closed in the last three years. In the US, decreased consumption levels led to a scandal where the dairy industry started price fixing. They killed half a million cows in order to inflate milk prices. Luckily, this corruption is being prosecuted and the US dairy industry were fined $52 million earlier this month.

This is all happening while the dairy free market – which includes plant-based milk, cheese and icecream - is growing rapidly. For example, a recent study conducted by Grand View Research revealed that the global dairy free market is expected to grow by 16.6% to $35 billion by 2024. As a result, some dairy companies have moved into the plant-based industry to stay competitive, as evidenced by Danone’s recent acquisition of WhiteWave Foods, the umbrella company to vegan business So Delicious, Silk and Vega. Others in the dairy industry have become worried. For example, David Dobbin, Chief Executive of United Dairy Farmers, recently spoke about the declining industry: “It’s a demographic time bomb”.

You may also like

April 14, 2017

CNN Headline Says ‘Go Vegan’ to Save the Planet

One of the world’s biggest news organizations presents strong pro-vegan headline and message

April 8, 2017

REVEALED: Top 100 Most Influential Vegans Of 2017

We count down this year's most influential vegans in our latest video

Since you're here...
...we’ve got a small favour to ask. Plant Based News is a FREE service that receives millions of views each week across Youtube, Facebook, Instagram, Twitter, our weekly newsletter and this website. This takes a lot of our personal time, money and hard work. But we do it because we KNOW it makes a difference. If everyone who reads our reporting, who likes it, helps to support it, our future would be much more secure.

become a supporter
Contributor:

Klaus is the editor and founder of Plant Based News.

Get updates from Plant Based News
For stories you need to read, in one handy email. Get our newsletter in your inbox every week.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form

Disclaimer: The opinions expressed in this article are prepared in the author's capacity and do not necessarily reflect the views and opinions of Plant Based News itself. 

Follow us on social media: