Dean Foods, the largest milk supplier in the U.S, has announced a steep drop in profits over the course of the past year. In a recent Press Release, the milk supplier's finances present a 91% drop in Net Income, closing in at $1.38 million. This year's loss is compared to the $14.53 million in Net Income reported last year.
This sharp decline in cow's milk popularity could've been anticipated as Food Trends have been gearing towards Plant-Based alternatives in order to meet market demands. As such, it has been predicted that the meat-alternative market will become a $5 Billion Industry by 2020. Predictions such as this one may sound bold, but are seemingly realistic as the Vegan movement has grown by 600% over the past 3 years.
Veganism's exponential growth is set to continue as consumer awareness surrounding animal products rises. While milk has been advertised to the public as a healthful and natural food, the health consequences associated with consuming it have been vast and far-reaching. In addition, the environmental toll of milk production, along with the inherent cruelty involved in the dairy industry have pushed consumers to choose the plant-based option.
Dean Foods is aware of this trend, of course, and has purchased a stake in Good Karma, a non-dairy milk and yogurt producer.
After more than one hundred years behind cage bars, the animals on the packaging of Barnum’s Animal Crackers are now free to roam as they please . . .