Dairy Milk Thirst Decreases as Category
Declines Fast
VANCOUVER, June 7, 2018 /CNW/ - GLOBAL GARDENS GROUP
INC. (THE "COMPANY") (TSXV: VGM) is pleased to communicate the
continued trend of shifting consumer preferences away from dairy
milk towards plant-based milk products.
In 2017, refrigerated milk in the U.S., was one of the
fastest-declining beverage categories, with SPINS data showing a
1.5% year-over-year sales decline to a $13.2
billion market at the end of last year. In contrast,
SPINS saw a latest 52 weeks to April 22,
2018 increase in refrigerated plant-based milk of 7.0% to a
$1.61 billion market and a 4.7%
increase in shelf-stable plant-based milk to a $229 million market. Recent reports
indicate that even organic milk is suffering due to shoppers
seeking alternative options. The data includes conventional
outlets, natural, and specialty gourmet channels, but excludes
online and convenience channels and some key players including
Whole Foods, ALDI and Trader Joe's.
Additionally, dollars per buyer for refrigerated milk has
steadily decreased over the past two years. Over that time
span dollars per buyer dropped a significant 10.2% from
$81.66 to $73.35.
"The consumer has voted with their wallet," comments
Rob Harrison President & CEO,
Global Gardens Group Inc. Mr. Harrison continues, "this has
been a long-term trend that will continue, driven by a younger
demographic who are turning to seek plant-based milk options for
dietary, environmental and/or ethical reasons."
Company Updates
- Richard's Foodporium has identified Veggemo as a "Hot New
Seller" in the May issue of Vitamin Retailer Magazine. Richard's
Foodporium is based out of Sarasota,
Florida and has 18 Natural & Specialty Food stores based
in the Southeast of the U.S.
- Effective May 30, 2018 Nitin
Kaushal has resigned from the board of Global Gardens Group Inc.
citing personal circumstances.
About Veggemo
The Veggemo product line is the non-dairy milk originating from
vegetables and is Global Gardens Group's (VGM) showcase product for
the dairy-free industry. Veggemo is available in a non-refrigerated
shelf stable format in 3 flavors: Original, Unsweetened and
Vanilla. Veggemo competes with Silk (Whitewave), Almond Breeze
(Blue Diamond), Hain Celestial, Pacific Foods, Ripple Foods,
Califia Farms, amongst others. The dairy-free industry
continues to witness dynamic growth led by the development of, and
the consumer shift to, plant-based food and beverages. Today
Veggemo can be found in approximately 5000 retail outlets.
About Global Gardens Group
Global Gardens Group is comprised of a highly experienced
management team and board that have provided senior leadership to
many consumer brands and financial institutions including: Neilson
Dairy, Ben & Jerry's and Haagen Dazs ice cream, Gillette,
P&G, Cadbury Schweppes, Sunkist, Primo Pasta, Tropicana, Sunny
Delight, Price Waterhouse Coopers, Desjardins Securities Inc.,
Orion Securities Inc., Vengate Capital, HSBC Securities Inc. and
Gordon Capital.
About SPINS
SPINS is a passionate advocate of brands and retailers that
promote healthy living. As the leading provider of retail consumer
insights, analytics reporting, and consulting services for the
Natural, Organic, and Specialty Products Industry, its business
offerings are helping retailers in this high growth area to connect
people with the brands that they need and love. The data
includes conventional outlets, natural, and specialty gourmet
channels, but excludes online and convenience channels and some key
players including Whole Foods, ALDI and Trader Joe's.
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SOURCE Global Gardens Group Inc.
