Cell-Based Milk Could Change the Dairy Industry

FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Nov. 8, 2022 /PRNewswire/ -- The dairy industry is among the most environmentally unsustainable sectors due to its contribution to greenhouse emissions, notably the releases of methane and degradation of biodiversity and water resources. However, the latest biotechnological advances are looking to improve the sector's green credentials with the introduction of cell-based milk. Turtle Tree Labs is one startup creating cell-based milk, which promises milk products from cells grown in the lab. The startup produces milk from mammary cells grown in the lab and produces milk in bioreactors. Cell-based milk is a niche sector that could eat into the $871 billion global dairy sector. Meanwhile, the global plant based milk market is continuing to gain steam, hitting nearly $39 billion in 2022. The market is projected to rise at a CAGR of 15.5% to reach $123.2 billion by 2029, creating an opportunity for companies like The Planting Hope Company Inc. (TSXV:MYLK) (OTCQB:MYLKF), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Oatly Group AB (NASDAQ:OTLY), SunOpta Inc. (NASDAQ:STKL) and Danone (OTCQX:DANOY).

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