Dairy Alternatives Market Information

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Dairy Alternatives Market Information Analysis
by Product Type (Soy Milk, Almond Milk, Coconut
Milk, Rice Milk, Oat Milk, Hemp Milk, and
Others), Formulation (Flavored and Plain),
Application (Food and Beverages), Distribution
Channel and Segments Forecast To 2027
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Dairy Alternatives Market An Overview
The global dairy alternatives market was valued
at USD 19.82 Billion in 2019 and is expected to
USD reach 46.90 Billion, delivering a CAGR of
12.2 through 2027. The market growth is driven
by an increasing lactose-intolerant populace and
a growing veganism trend globally. The
non-dairy substitutes or alternatives are mainly
obtained from cereals such as rice, oats, wheat,
nuts, barley, and others. The paradigm shift
towards non-dairy substitutes for milk and other
items due to improved health benefits. The
increasing product availability and promotion of
plant-based alternatives compared to traditional
dairy products are poised to boost dairy
alternatives market growth through 2027. Free
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Dynamics Rise in investments directed towards
the RD for development of new technologies to
enhance the taste and quality of dairy
alternatives, such as fortification of food
items, enhanced shelf life, the removal of flavor
inhibitors, and making them more identical to
dairy products will foster the non-dairy
substitute market share. Moreover, the deployment
of novel technologies, like enzymatic
liquefaction and Ultra High Processing for the
efficient production of various non-dairy
substitute food items, will open major growth
avenues for the industry.
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However, the high price point of dairy
alternatives remains the only growth restricting
factor for the dairy alternatives market. Dairy
Alternatives Market Regional Outlook In the
regional landscape, the Asia Pacific region is
estimated to contribute significantly to the
market share, showcasing notable growth through
2027 due to the growing awareness of veganism in
the developing countries and increased popularity
and preference for dairy substitutes. The
regional growth can also be attributed to a rise
in the populace in the region who suffer from
lactose intolerance. Moreover, rising per capita
income, the changing standard of living, and
health concerns will positively impact regional
growth. The production and consumption of dairy
alternatives in developed regions across North
America and Europe are considerably high. North
America is the second-highest revenue generating
market. At the same time, Europe is estimated to
grow at a CAGR of 12.2 over the forecast
period.
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Prominent players in the Global Plant Growth
Regulators Market The WhiteWave Food
Company Archer Daniels Midland Company Blue
Diamond Growers The Hain Celestial Group
Inc. Panos Brands LLC Eden Foods,
Inc. Earths Own Food Company SunOpta
Inc. Daiya Foods, Inc. CP Kelco Freedom
Foods Group Ltd. Browse Complete Report _at_
https//www.reportsanddata.com/report-detail/dairy
-alternatives-market
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Impact of COVID-19 on Dairy Alternatives
Market The coronavirus pandemic has affected the
global economy and markets by directly impacting
production and demand and creating supply chain
disruption. The financial impact on most of the
markets has been huge. As the COVID-19 crisis
unfolds, disruptions in domestic and
international food supply chains are still
affecting food production. The demand for
non-dairy substitute products in commercial
places like hotels and restaurants has declined
due to several restrictions on dining. However,
people are still purchasing grocery items,
including non-dairy substitutes for milk
products, through e-commerce services. The
solution to various multi-layered uncertainties
experienced by product manufacturers and
industries involved in the supply chain are
covered in this research report. Regional
analysis includes North America Europe Asia
Pacific Latin America Middle East Africa
(MEA)
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Report Highlights Detailed overview of the
parent market Changing positive dairy
alternatives market dynamics in the
industry In-depth dairy alternatives market
segmentation Historical, present, and projected
dairy alternatives market size in terms of volume
and value Recent dairy alternatives market
trends and developments Competitive
landscape Strategies of key players and
products offered Segments, sub-segments, and
geographical regions exhibiting promising
growth A neutral perspective on the dairy
alternatives market
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Market Segmentation This report shows the
revenue growth at global, regional, and country
levels to provide an analysis of the market
trends in each segment and sub-segment from 2017
to 2027. For this study, Reports and Data has
segmented the global dairy alternatives market
based on product, application, end-use, and
region. Product Type Outlook (Revenue, USD
Million 2017-2027) Soy Milk Almond
Milk Coconut Milk Rice Milk Oat Milk Hemp
Milk Others Formulation Outlook (Revenue, USD
Million 2017-2027) Flavored
Formulation Plain Formulation
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Application Outlook (Revenue, USD Million
2017-2027) Food Beverage Distribution
Channel Outlook (Revenue, USD Million
2017-2027) Super Markets Health Food
Stores Pharmacies Convenience Stores Online
Stores Others
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