Dairy alternatives referred to different foods and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are obtained from plant-based sources, such as grains and seeds, and are ample sources of essential nutrients, such as minerals, vitamins, iron, potassium, calcium, and magnesium. They also have the least levels of fat and calories and are generally utilized by individuals suffering from lactose intolerance. Furthermore, grains and seeds such as rice, oats, wheat, barley, coconut, cashews, oats, almonds, and soymilk are the commonly available dairy alternatives. They help in various medical issues such as weight management, maintaining a healthy nervous system, red blood cell (RBC) levels, and brain functioning. According to the MDPI article, the global plant milk market reached the registered size of US $8.51 billion in 2016 and is forecasted to grow to a CAGR of 12.5% to triple to a market size of US $24.6 billion in 2025.
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Top Company Profiles Included in Dairy Alternatives Market:
Earth's Own Food Company Inc. (Canada), Freedom Foods Group Ltd. (Australia), The Hain Celestial Group, Inc. (the US), Living Harvest Foods Inc. (US), SunOpta Inc. (Canada), CP Kelco (Georgia), Organic Valley Family of Farms (US), Danone (France), Oatly (Sweden), Vitasoy International Holdings Limited (Hong Kong), DAIYA FOODS INC. (Canada), Melt Organic (Idaho), Ripple Foods (US), ADM (US), The White wave Foods Company (US), Eden Foods,, Inc. (US), Blue Diamond Growers (US), and other Major Players.
The report Dairy Alternatives Market report provides an in-depth analysis of the Dairy Alternatives Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Dairy Alternatives Market report provides an in-depth analysis of the market state of Dairy Alternatives Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Dairy Alternatives Market Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.
Segmentation Analysis of Dairy Alternatives Market :
The Dairy Alternatives Market can be segmented in various ways to understand better and cater to the diverse needs and preferences of consumers. Here are some common segmentation criteria for the Dairy Alternatives Market:
By Type
- Non-Dairy Milk
- Yoghurt
- Ice-Creams
- Cheese
- Creamers
- Others
By Source
- Coconut
- Soy
- Almond
- Hemp Seeds
- Rice
- Other
By Distribution Channels
- Specialty Stores
- Supermarket/Hypermarket
- Health Food Stores
- Pharmaceuticals
- Retails
By Application
- Food and Beverages
- Dairy-Free Probiotics Drinks
Other Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Opportunities:
Organic food & beverages can turn the business landscape in the total dairy alternatives market. Shifting consumer preferences have been oriented toward healthy food & beverages this is attributed to a growth in the consciousness related to the functional health benefits in the consumption of organic food products. Clean-label food & beverages have been attracting consumers globally, increasing in demand for organic ingredients. Moreover, emerging economies such as China and India are expected to witness high demand from the supply side for organic food ingredients over the projected period. The demand for dairy substitutes for food & beverage products is high in the developed market of the US and Canada. Consumer choices for vegan products are rapidly growing as marketing campaigns are planned to highlight their use and health benefit claims. Emerging countries such as China and Australia are anticipated to experience a high upsurge in demand for dairy alternatives in the upcoming years. This demand may be turned by a rising consumer preference for vegan foods.
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- Sales Volume, and Revenue Analysis
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