According to Stratistics MRC, the Global Dairy Alternatives Market is accounted for $20.50 billion in 2019 and is expected to reach $51.86 billion by 2027 growing at a CAGR of 12.3% during the forecast period.
Factors such as rise in the number of people allergic to dairy, growing popularity of vegan diet, and government policies to improve the agricultural sector are driving the market growth. However, the possibility of allergies associated with plant-based products is hampering the growth of the market.
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Dairy alternatives are food and beverages which can be used as a substitute for dairy. These are derived from plants and are considered a very health alternative to dairy. Dairy alternatives are considered healthy due to the presence of different essential vitamins and minerals. They are also low on fats, cholesterol and have zero concentration of lactose.
Based on the formulation, the flavoured & unsweetened segment is going to have high growth during the forecast period owing to the increasing popularity of plant-based nutritional goods as well as the rising consumer demand for cholesterol-free products.
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By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the changing lifestyles of consumers and increase in the awareness regarding health.
Some of the key players profiled in the Dairy Alternatives Market include DanoneWave, Hain Celestial Group, Eden Foods, Inc, Ripple Foods, WayFare, Earth’s Own Food Company, Blue Diamond Growers, Valsoia S.p.A, Kite Hill, SunOpta, Freedom Foods Group Limited, Triballat Noyal, Green Spot Co. Ltd, Sanitarium, Panos Brands, The WhiteWave Food Company, Hiland Dairy, and Califia Farms.
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• Conventional (Inorganic)
Shelf Life Covered:
• Shelf-Life Stable
• Plain & Unsweetened
• Flavoured & Unsweetened
• Plain & Sweetened
• Flavoured & Sweetened
• Other Sources
• Carton Packaging
• Other Nutrients
• Ice Creams
• Dairy-Free Probiotic Drink
• Other Applications
• Lactose Free
• Diabetic Free
• Gluten Free
• Cholesterol Free
• Genetically Modified Organism (GMO) Free
Distribution Channels Covered:
• Hypermarkets/ Supermarkets
• Convenience Stores
• Health Food Stores
• Online Stores
• Speciality Stores
• Retail Stores
• Other Distribution Channels
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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