Dairy Alternative Products

Dairy Alternative Products Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Dairy Alternative Products market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Rising Consumer Interest in Health and Sustainability

Consumer demand for alternatives to dairy is on the rise, and with it, is increasing the ever-expanding array of plant-based products to choose from. This is especially evident when considering milk substitutes. Each type of non-dairy milk offers a unique nutritional profile, with a wide range of values for protein, carbohydrates, and fat, along with vitamins and minerals. More importantly, apart from nutritional profile, words like “sustainable”, “green”, and “eco”- even leafy packaging or other marketing materials- tend to draw the eyes of consumers bombarded daily, with advertising messages, which is driving the consumption of dairy alternatives in the market, which are usually being positioned as sustainable products across the retail shelves.

Asia – Pacific to Dominate the Global Market

The health and wellness trend in Asia – Pacific has brought the issue of food intolerances and allergies to the forefront of modern consumers’ minds, boosting the consumption of dairy alternative products. Consumers are starting to prefer products that are low in calories, contain no artificial ingredients, and protein-rich. This is driving the studied market’s growth. Plant-based beverages provide vegetable protein or mixed proteins, which cater to the rising need for a healthy lifestyle.

Consumers of plant-based protein in Asia-Pacific have adopted a dairy-free diet to improve their health and well-being, as plant-based diets can not only help curb obesity, stroke, and heart disease, prevent a variety of cancers, reduce cholesterol and arthritis pain, but also lower blood sugar, and increase energy and mental clarity.

Market Overview:

  • The dairy alternative products market was valued at USD 13.76 billion in 2018 and is estimated to register a CAGR of 9.85%, during the forecast period (2019-2024). In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 44.6% of the market.
  • Improved consumer preferences for non-dairy products, with a myriad of food choices, has enabled them to get most of the nutrients they need without sacrificing taste. Most of the consumers are seen switching from dairy to dairy-free products, because they are constantly getting aware of the fact that dairy-free diets may help alleviate certain problems, including digestive distress, an inability to lose weight, acne, and irritable bowel syndrome. Higher availability of dairy alternative products, along with growing awareness regarding benefits of dairy alternatives, will continue to drive the market over the forecast period.

    Key Manufacturers Like 

  • Groupe Danone
  • Vitasoy International Holdings Ltd
  • Freedom Foods Group Ltd
  • Dean Foods Company
  • Blue Diamond Growers
  • Kikkoman Corporation
  • Campbell Soup Company
  • Hain Celestial Group
  • Goya Foods Inc.
  • Califia Farms
  • Edward & Sons Trading Co.
  • Pure Harvest
  • Elmhurst Milked Direct LLC
  • Daiya Food Inc.
  • Sanitarium Health & Wellbeing Company
  • Earth’s Own Food Company
  • Eden Foods Inc..

    Scope of the Report:

  • Dairy alternative products refer to a category of foods that include imitation of dairy products, which are similar in product attributes like taste and texture to genuine dairy products.
  • The report analyzes the recent trends, drivers, and challenges, affecting the market space for the dairy alternative sector. By product type, the market is divided into food and beverage. Food has been further segmented into yogurt, cheese, frozen desserts, and other foods. The beverage segment has been further segregated into soy milk, almond milk, coconut milk, rice milk, and other beverages.

    Dairy Alternative Products market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Dairy Alternative Products market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Dairy Alternative Products market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Dairy Alternative Products market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Dairy Alternative Products market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Dairy Alternative Products ?
    • Who are Opportunities, Risk and Driving Force of Dairy Alternative Products market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Dairy Alternative Products space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Dairy Alternative Products market opportunities, market risk and market overview of the Market?

    Lastly, the Global Dairy Alternative Products Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Dairy Alternative Products Market Report:

    • To provide a detailed analysis of the market structure along with the Dairy Alternative Products market forecast of various segments and sub-segments of the Dairy Alternative Products market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Dairy Alternative Products market trends that influence the global Dairy Alternative Products market

    Detailed TOC of Dairy Alternative Products Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product Type
    5.1.1 Food
    5.1.1.1 Yoghurt
    5.1.1.2 Frozen Desserts
    5.1.1.3 Sour Cream
    5.1.1.4 Other Foods
    5.1.2 Beverage (Dairy-free Milk)
    5.1.2.1 Soy Milk
    5.1.2.2 Almond milk
    5.1.2.3 Coconut Milk
    5.1.2.4 Rice Milk
    5.1.2.5 Other Beverages
    5.1.2.5.1 Cashew Milk
    5.1.2.5.2 Oat Milk
    5.1.2.5.3 Hemp Milk
    5.1.2.5.4 Pea Milk
    5.2 Distribution Channel
    5.2.1 Hypermarket/Supermarket
    5.2.2 Convenience Stores
    5.2.3 Online Retail Channels
    5.2.4 Other Distribution Channels
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 Spain
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Germany
    5.3.2.5 Russia
    5.3.2.6 Italy
    5.3.2.7 Rest of Europe
    5.3.3 Asia – Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 Rest of Asia – Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 United Arab Emirates
    5.3.5.2 Saudi Arabia
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Groupe Danone
    6.3.2 Vitasoy International Holdings Ltd
    6.3.3 Freedom Foods Group Ltd
    6.3.4 Dean Foods Company
    6.3.5 Blue Diamond Growers
    6.3.6 Kikkoman Corporation
    6.3.7 Campbell Soup Company
    6.3.8 Hain Celestial Group
    6.3.9 Goya Foods Inc.
    6.3.10 Califia Farms
    6.3.11 Edward & Sons Trading Co.
    6.3.12 Pure Harvest
    6.3.13 Elmhurst Milked Direct LLC
    6.3.14 Daiya Food Inc.
    6.3.15 Sanitarium Health & Wellbeing Company
    6.3.16 Earth’s Own Food Company
    6.3.17 Eden Foods Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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