Sproud Milk is an emerging pea milk company that currently sells four core SKUs. Founded in 2018, the Sweden-based corporation has expanded into 15 international markets, including the US, UK, and Canada. Sproud Milk reported a 94.21 percent increase in revenue last year (this followed a 178.38 percent increase the year before.) The corporation has raised $6.25 million in funding to date.
Sproud Milk is part of the Pea-Based Milk meta trend. The pea-based milk market is worth $135 million. And this market is estimated to grow at a rate of 10.5 and reach $256 million by 2027. The rise in demand for new vegan dairy products is driving rapid growth in this category. One popular pack of pea-based milk generates approximately $48,000 per month on Amazon.