DUBLIN, May 7, 2021 /PRNewswire/ — The “Dairy Alternatives Market by Source, Application, Formulation and Geography – Global Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering.
The Dairy Alternatives Market is expected to grow at the rate of 11.5% CAGR by 2026
.Dairy alternatives are food and beverage products that are consumed as an alternative for dairy. These products are extracted from plants and are esteemed to be a very healthy substitute to dairy. Soy milk, coconut milk, and almond milk are among the most common options for dairy alternatives across the world.
Dairy alternatives are considered healthy due to the presence of various important vitamins and minerals. They are also less on fats, cholesterol and have zero concentration of lactose. Dairy alternatives have been very famous in developed and emerging markets due to the rising number of individuals allergic to dairy products.
Furthermore, the rise in health-conscious and also growth in disposable income has augmented the dairy alternatives market growth. Apart from the driving factors, the unstable prices of the diary alternatives’ raw materials are hampering the market growth.
The dairy alternatives market is divided into almond, soy, oats, hemp, coconut, rice, and others as per source segmentation. Among them, the soy-sourced dairy products are most popular since soy has a wide variety of milk products similar to cow and buffalo milk. Moreover, soy milk products contain more protein, vitamins, minerals, antioxidants and have low cholesterol compared to other sources and cow and buffalo milk.
Among all applications, milk is the major segment to have a maximum share in the market. Prioritizing to the health consumers are more concerned about choosing the beverages. The high demand for milk extracted from non-dairy ingredients such as almond, coconut, soy, and other non-dairy ingredients is rapidly increasing. Health concerns associated with lactose intolerance and the busy lifestyles of working middle-class people are driving the non-dairy milk application.
In terms of formulation, the market is segmented into plain and flavored. The plain segment has acquired a maximum share in the dairy alternatives market. This is due to the increasing demand for plain unflavored milk, including almond milk, coconut milk, soy milk, and rice milk which are unsweetened. Increasing preference for low-calorie products among the 40+ age population is boosting the demand for plain milk.
The dairy alternatives market’s geographical regions are North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific has a major contribution in the market share due to the drastic urbanization, diversification in diet, increase in the per capita income of the population in this region.
Furthermore, the significant factors stimulating the global dairy alternatives are the increase in the population suffering from an allergic reaction to dairy products. Additionally, benefits associated with non-dairy products in terms of providing various numbers of vitamins, nutrients, and other benefits are supporting the extreme demand for dairy alternative products.
The White Wave Foods Company, Blue Diamond Growers, Green Spot Co., Ltd, Freedom Foods Group Limited, Earth’s Own Food Company Inc., Hain Celestial, SunOpta, Ecomil, Sanitarium, Eden Foods Inc., Triballat Noyal, Valsoia SpA, Dohler, Panos Brands, Hiland Dairy, Ripple Foods, and Califia Farms are the few notable companies of dairy alternatives market.
As a result, these dairy alternative products have a crucial role in daily life since milk and other milk products are essential and have a major contribution to protein supplements. Moreover, compared to the usual dairy products, these products are less in cholesterol and more beneficial.
- The report gives the overall perception of the market growth factors and other factors which are positively and negatively impacting the market growth.
- This study explains every segment and sub-segments of the market and their contribution to market growth.
- Further, this report gives an analysis of the forthcoming trends and preferences of the consumers of the market.
- The in-depth insights are offered about the key vendors of the market in terms of their dynamic strategies, new products launched, and expansion of the business.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.4. DRO – Impact Analysis
5. Source: Market Size & Analysis
6. Application: Market Size & Analysis
6.5. Ice Creams
7. Formulation: Market Size & Analysis
8. Geography: Market Size & Analysis
8.2. North America
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. The White Wave Foods Company
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.5. Business Strategy
10.2. Blue Diamond Growers
10.3. Green Spot Co., Ltd
10.4. Freedom Foods Group Limited
10.5. Earth’s Own Food Company Inc
10.6. Hain Celestial
10.10. Eden Foods Inc
11. Companies to Watch
11.1. Triballat Noyal
11.1.2. Products & Services
11.1.3. Business Strategy
11.2. Valsoia SpA
11.4. Panos Brands
11.5. Hiland Dairy
11.6. Ripple Foods
11.7. Califia Farms
12. Analyst Opinion
For more information about this report visit https://www.researchandmarkets.com/r/12qvae
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