Half-year report: Flavor players spread bets, policy hurdles

Jun 2018

Ripple Foods

Plant milk boom: In February, Goldman Sachs was among the US$65 million investors in Ripple Foods Inc., a startup beverage company that creates milk-like beverages from yellow peas. The investment was Ripple's largest to date and brings the two-year-old company's total funding to US$110 million. The global market for alternative dairy drinks is expected to reach US$16.3bn in this year alone, according to Innova Market Insights data. While consumers look for healthier ways of living, the appetite for plant-based foods and beverages, often labeled as healthier alternatives to dairy and meat, continues to grow.