Global Dairy Alternatives Market

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Global Dairy Alternatives Market
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Dairy Alternatives are one of the important parts
of food beverages industry. Dairy Alternative
products are made from milk based on almonds,
SOY, coconut, and rice among others. These
products are mostly preferred by the population
who are lactose-intolerant, or one who have
allergy from milk, or people prefer it as vegan
diet as well. Dairy alternatives are dairy free
products and do not contain lactose in it. Most
of the people believe that Vitamin and calcium
could only be found in dairy products. Generally,
people decides to stop eating dairy due to
reasons such as either they are allergic to the
dairy items or may just decide to adopt vegan
diet. In Addition to this, Food Standard Agency
has found that, almost half of 16-25 years olds
believe that they have allergies with the cow
milk and only prefer dairy alternatives.
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There has been a prominence rise in the adoption
of dairy or plant based products. People now
prefer yogurt, almond related products than milk.
Additionally, new dairy alternative products were
highlighted in the Natural Products Expo West
2017. The discussion was about the innovation of
new set of multi serving products that mainly
focus on fulfilling more consumer need.
Additionally, nutrition, protein, and flavored
added products are expected to be launched in
market by some of the big brands manufacturing
dairy alternative products.
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The factors driving the demand of dairy
alternative market are the increase in the
disposable income of consumers and vegan
population. Additionally, growing awareness for
the benefit related to the dairy alternative
products and also growing demand for the plant
based milk are some of the factors driving the
growth of dairy alternative market. However, high
cost of dairy alternative factors and
availability of low cholesterol milk is
restraining the growth of dairy alternative
market.
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The market has been segmented on the basis of
distribution channel, application, and region.
Based on distribution channel, the market is
segmented into Small retail, Specialty store,
large retail, and others. Based on Application,
the dairy alternative market has been segmented
into Food Beverages. Food is further segmented
into Spread, Tofu, Creamer, Yogurt, and Others.
Based on Region, the market is segmented into
North America, Europe, Asia-Pacific, and LAMEA
(Latin America, Middle East and Africa).
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The key players operating dairy alternate market
are as follows White Wave Foods Company, SunOpta
Inc., Blue Diamond Growers, Hain Celestial Group,
Inc., Earths Own Food Inc., Organic Valley, Panos
Brands LLC, and Elden Foods Inc.
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Full Report
Global Dairy Alternatives Market
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