SECOND TAKE: FT’S LEX
THE LEX COLUMN: Frothing for tasty dairy substitutes
There is big money and big interest in the alt-milk market
What do you call a militant vegan? Lactose intolerant. There is a grain of truth in such barbs. Conscientious herbivores show commitment. They even drink oat milk, a substance reminiscent of wallpaper paste. If you abstain from eating animals, why not forswear milk and cheese too?
That subcultural belief could be about to go mainstream, creating opportunities and threats for food companies. The scorching debut of faux-burger maker Beyond Meat demonstrates the interest in plant-based foods. Shares in the US start-up have risen sixfold in 2019. Ordinary consumers are switching from beef patties to veggie burgers. Some would surely swap milk and cheese for palatable alternatives.