Mithila Samachar

Dairy Alternatives Market Growth Is Initiated By Preference of Customers Toward A Vegan Diet, Increasing Demand For Dairy Food and Beverage Applications By 2024 | Million Insights

 Breaking News
  • No posts were found

Dairy Alternatives Market Growth Is Initiated By Preference of Customers Toward A Vegan Diet, Increasing Demand For Dairy Food and Beverage Applications By 2024 | Million Insights

March 31
13:33 2021
Dairy Alternatives Market Growth Is Initiated By Preference of Customers Toward A Vegan Diet, Increasing Demand For Dairy Food and Beverage Applications By 2024 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global dairy alternatives industry research report offers thorough insights on application, growth drivers, product & global demand. This study enables many opportunities for the market players to invest in research and development.

Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024. The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others. Widely consumed dairy substitute-based products are ice-cream, milk, butter, energy drinks, soft drinks, cheese, and others. The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments. The development of this market can be ascribed to the preference of customers toward a vegan diet, rising occurrences of lactose intolerance between the populace, and the increasing demand for several refresh dairy food & beverage applications.

In addition, the low-fat content and low cholesterol concentration in dairy alternative beverages, and their increasing demand will initiate the growth of the market. Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period. On the other hand, factors such as High price of dairy alternative beverages, cross contamination of raw materials may hamper the growth of dairy alternatives industry in the forthcoming period and anticipated to grow at a CAGR of 16.6% in the upcoming period as the scope, product types, and its applications are growing across the globe.

To download the sample PDF of “Dairy Alternatives Market” Report please click here: https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sample

Dairy alternatives market may be explored by type, applications, formulations, distribution channel and geography. The market may be explored by type as Soy, Coconut, Almond, Oat, Hemp, and Rice. Soy milk accounted for 40.5% of the major share of the global market size analysis in 2016. The factors that attribute to the growth of this sector is the prevention of breast cancer, and heart diseases, will upsurge the market growth in the upcoming period.

Dairy alternatives industry may be explored by application as Food, and Beverages. Amongst the applications segment, Beverages are estimated to account for the highest growing segment in the forecast period. Increasing demand for flavored milk products, and its growing health benefits will upsurge the market. The market may be explored by Formulations as Plain & unsweetened, Flavored & sweetened, Plain & sweetened, and Flavored & unsweetened. Dairy alternatives market may be explored by distribution channel as Supermarket, Convenience Retailers, Pharmacy 

Asia-Pacific has been at the forefront with regards to dairy alternatives industry and will continue to rule the roost in the years to come. The Asia Pacific accounted for the major share of 49.7% of the global volume in 2016. The region is estimated to continue to be a foremost user over the forthcoming period due to increasing demand of consumer for plant-based food along with the increasing occurrence of lactose intolerance. In Asia-Pacific region, the food and beverage market is undergoing transformation in response to the diet diversification, the liberalization of foreign direct investment in food segment, and rapid urbanization. Asia-Pacific is followed by North America and anticipated to be the highest growing economies for dairy alternatives market from 2013-2024. 

Some of the key players that fuel the development of the dairy alternatives industry include Panos Brands LLC, Organic Valley Family of Farms, Earth’s Own Food Company Inc., Eden Foods Inc., The White wave Foods Company, Living Harvest Foods Inc., Blue Diamond Growers Inc., Grupo Le Pascual Sa, The Hein Celestial Group Inc., The Bridge S.R.L., OATLY A.B., and Sunopta Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.   

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/dairy-alternatives-market

Market Segment:

Dairy Alternatives Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)
    • Soy Milk
    • Almond Milk
    • Rice Milk
    • Others

Dairy Alternatives Formulation Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)
    • Plain
        • Sweetened
        • Unsweetened
    • Flavored
        • Sweetened
        • Unsweetened

Dairy Alternatives Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)
    • Food
        • Cheese
        • Desserts
        • Snacks
    • Beverages

Dairy Alternatives Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2013 – 2024)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • UK
        • Italy
        • France
        • Spain
    • Asia Pacific
        • China
        • Japan
        • India
        • Australia
        • New Zealand
    • Latin America
    • The Middle East & Africa
        • South Africa

Read the Latest Press Releases available with Million Insights:

• Direct Attach Cable Market: The global direct attach cable market size is projected to touch USD 13.3 billion by the end of 2025. It is projected to ascend with a CAGR of 36.4% from 2018 to 2025.

• Industrial Boilers Market: The global industrial boilers market size is anticipated to value USD 18.3 billion until 2025. It is also expected to register a CAGR of 4.5% over the forecasted years, 2019 to 2025.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/dairy-alternatives-market