The world of dairy products is rapidly changing, and industry players including private label companies are working hard to adapt, according to experts at the Store Brands Industry Forum on Beverages held virtually Sept. 29.
The forum provided retailers a chance to listen and connect with private label industry experts. Hosted by Store Brands executive editor Dan Ochwat, the beverage forum consisted of four sections: coffee and tea, dairy, nonalcoholic beverages and alcoholic beverages.
The event, now available on demand, began with a keynote address and a discussion on private label coffee and tea, followed by the dairy portion of the forum. Ochwat spoke with Molly Renaldo, partnerships manager at Fair Trade USA, Elizabeth Guthrie, senior director of product management for own brands at Albertsons, and Jacqi Coleman, senior vice president of partnerships at Dairy Management Inc.
According to the guest speakers, the dairy industry, including private brands, is working to innovate with new products as diary-alternatives are becoming more popular.
“The non-dairy alternatives are not only keeping customers in the dairy aisle, but they’re also bringing new customers into the category,” said Guthrie. “Many of our customers are seeking alternatives to traditional dairy. The market is rapidly changing, and we’re working to evolve to meet those consumer needs. Store brands are leaders in this space, and you’ll continue to see us adjust to meet those needs and expectations.”