Food and biotech startup Cultivated Biosciences will move forward with developing its yeast-based dairy-free, non-GMO cream after raising $5m in a seed round, with plans for market launch in 2025.
Nestlé reported high single-digit growth for dairy in Q1 2023, the category performing particularly well in Latin America where dairy posted double-digit growth.
A majority of US consumers have some level of distrust in dairy and meat companies even if they don’t purchase meat and dairy, according to new research from the Hartman Group, and non-dairy alternatives continue to grow among young shoppers.