Canada's largest dairy producer, Saputo, is looking to invest in the plant-based milk industry, according to Business News Network.
The Montreal-based company’s CEO, Lino Saputo Jr., told BNN, “If there would be a great opportunity for us to make an acquisition in that space that could be something that could interest us quite a bit.” Saputo executives told investors last month that the company could be set to announce as many as two deals before the end of the fiscal year.
This would be a smart business move for Saputo, considering that demand for dairy has been waning in North America for decades as consumers move toward plant-based options. Since 1970 consumption of cow’s milk has fallen a whopping 40 percent in the U.S., while sales of dairy-free milk alternatives have soared by 30 percent since 2011.
Earlier this year, NBC News reported findings from the internet grocery-delivery company Instacart that customers’ searches for "nondairy" were up by 222 percent. Instacart’s head of communications said, “Coconut, soy, and almond milks are all having a moment, and are in everything from yogurt to ice cream to creamer.”
Saputo isn’t the first dairy company to notice that consumers are switching to plant-based milk. Recently, Elmhurst Dairy in Queens, New York, closed down after 90 years and reopened as a plant-based milk company.
This is great news for farmed animals. At dairy factory farms, cows are treated as mere milk-producing machines. They are forcibly impregnated and kept in terrible conditions. Calves are torn away from their mothers shortly after birth. Male calves are killed for veal. Females are forced into the dairy herd, trapped in a cycle of abuse for years until they are considered “spent” and sent to slaughter.
Heartbreaking, right? Just watch this undercover video from a Mercy For Animals investigation.
Fortunately, it’s never been easier to ditch dairy and other animal products. Join the growing number of people who are taking a stand for animals, the environment, and their own health by switching to a plant-based diet. Click here to get started!
Click here for our ultimate guide to nondairy milk.