Sproud Milk is a trending pea milk startup that currently sells four core SKUs. Founded in 2018, the Sweden-based startup has expanded into 15 international markets, including the US, the UK and Canada.
Sproud Milk saw a 94.21% YoY growth in revenue last year (this followed a 178.38% YoY growth the year before.)
The startup has raised $6.25M in funding to date.
Sproud Milk is part of the Pea-based Milk meta trend.
The pea-based milk market is worth $135M. And this market is estimated to grow at a CAGR of 10.5% and reach $251M by 2027.
The rise in demand for new vegan dairy alternatives is driving rapid growth in this category.
For example, one popular pack of pea-based milk generates approximately $48K/month on Amazon.