31 Oct Dairy Alternatives Market Due To Factors Such As Rising Lactose Tolerance, Allergies And Health Concerns
Precision Business Insights (PBI) in its report titled “Dairy Alternatives Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2027” assesses the market performance over 2018-2027. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Global Dairy Alternatives Market
- The global dairy alternatives market is segmented on the basis of product type, formulation, application, geography and end-users
- The global dairy alternatives market is expected to reach XX USD Mnby 2024 with a growing CAGR of XX% from 2018 to 2024
- The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
Dairy alternatives are the substitutes of the milk products obtained from animals. Dairy alternatives are packed with calcium, protein, and numerous amount of essential nutrients. Calcium plays a vital role in healthy bones and teeth. Protein is an important nutrient which helps the body to grow and repair cells.
Increasing incidence of dairy-allergies and gastrointestinal diseases is the key factor attributed for the growth of the dairy free milk market. The rising lactose intolerance among the people and growing awareness among the people regarding the nutritional values of the plant-based alternatives is adding fuel to the growth of the dairy free products market and also non-dairy butter market. However, the high cost of the dairy alternatives and cross-contamination of the raw materials may hinder the growth of almond milk market and non-dairy butter market.
The global dairy alternatives market is divided into following categories-
- Product type
- Coconut Milk
- Soy Milk
- Rice Milk
- Almond Milk
- Sweetened Products
- Plain Sweetened Formulation
- Flavored Sweetened Formulation
- Unsweetened Products
- Plain Unsweetened Formulation
- Flavored Unsweetened Formulation
- Super Markets
- Food Stores
- Convenience Stores
And lastly, on the basis of geographical regions, the global dairy free milk market has five major regions- North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific dairy free products market to keep the top spot in the global dairy alternatives market. China contributes the largest share in the Asia Pacific dairy free milk market owing to higher awareness among the people regarding the alternative dairy products is the major factor enriching the growth of the market.
The North America almond milk market holds the second largest share owing to its higher preference for convenience and packed food.
The Europe dairy free products market is the expected to show significant growth.
Some of the key players in the global respiratory inhaler devices market include Döhler GmbH. (Germany), Eden Foods (U.S.), Nutriops SL. (Spain), Earth’s Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada). Some of the market development include Valio had launched oat-based milk and yogurt alternatives in 2018.
Key Questions Answered
- What is the current and future dairy alternatives market outlook worldwide? What trends are affecting the global market?
- What is the competitive landscape and market share of major players in the dairy alternatives globally?
- What are the key, high growth markets that dairy alternatives manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the dairy alternatives currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of dairy alternatives?
- What are the challenges and barriers that have hindered widespread adoption of dairy alternatives?
Reasons to buy dairy alternatives market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market