How Dean Foods’ bankruptcy is a ‘warning sign’ to the milk industry
Source: Food Dive
Struggling with debt and changing consumer demands, the largest dairy producer in the US filed for Chapter 11. Food Dive looks at how the company got here and what’s next for the sector.
For decades, milk consumption has been declining and plant-based options have taken away some consumers who once turned to the popular drink. Non-dairy milk sales in the U.S. increased 61% from 2013 to 2017, while overall sales of dairy milk dropped 15% from about $18.9 billion in 2012 to $16.12 billion in 2017, according to Mintel.