Showing posts with label North America Dairy Alternatives Market. Show all posts
Showing posts with label North America Dairy Alternatives Market. Show all posts

Thursday, April 28, 2022

North America Dairy Alternatives Market, End-user Industries, Major Countries, Market Size, Growth, Outlook and Forecast, Revenue (2017-2027): Ken Research

Dairy alternatives are the food and beverages that can be utilized as the substitute for the dairy. Such are derived from plants and are considered a very health alternative to dairy. Soy milk, rice milk, and almond milk are among the most prominent choices for the dairy alternative around the North America Market.

In addition, the most proficient advantage of dairy alternatives is their lower carbon concentration as associated to the milk produced by the livestock. The effective growth in the incidences of the lactose intolerance is propelling the individuals to opt for the dairy-free products. As per the accessible data, by the age of 20, approximately 30 million American adults get some level of lactose intolerance. Not only has this, the effective augment in influence of veganism in countless regions, involving U.S. is propelling the requirement for the dairy alternative products, concluding in the steady growth of approximately 10% over the near few years. As per the accessible data, the plant-based milk is the greatest and fastest-increasing plant-based dairy alternative in the North America.

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In North America dairy alternatives Market are projected to observe the growth over the next five years, commonly propelling by the growing customers’ environmental concerns which are positively propelling an augment in the implementation of dairy alternatives in the North America. They typically utilize less land, water to introduce the vegan milks, and emit the lower carbon emission which assists in mitigating the effects of global warming and enhance the air quality.

The prominent growth in popularity of lactose-free products, involving milk among citizens is projected to boost the dairy alternatives market growth during the near period. Moreover, the significant growth in the health awareness among the customers, notably those who are unable to digest the lactose, has resulted in an augment in the consumption of lactose-free products as they typically assist in the absorption of calcium which benefits in building and repairing muscle cells/tissue.

However, the shortage of customer awareness concerning to the dairy-free products is one of the foremost challenges to the growth of the dairy alternatives market. The shortage of nutritional awareness is probable to be a concern for those who eat a healthy balanced diet and do not based solely on the milk as an imperative protein origin. The uninterrupted buy of dairy products by customers indicates that the portfolio of the dairy alternatives has yet to capture the potential consumer base.

Some key players in the North America Dairy Alternatives market are Danone, SunOpta Inc., Blue Diamond, Daiya Foods Inc., Oatly Inc., The Hain Celestial Group Inc., Sahmyook Food, Dairy Farmers of America, and Eden Foods Inc. These market players in the North America Dairy Alternatives market are proficiently working for keep maintaining the governing position, registering the great value of market share, ruling around the globe, generating the highest percentage of revenue and obtaining the competitive edge by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of dairy alternatives, decreasing the associated prices of such, delivering the better customer satisfaction, spreading the awareness connected to the applications and advantages of diary alternatives, and implementing the policies of profit making and strategies of expansion.

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Furthermore, several producers of dairy alternatives have seen a proficient growth in the sale of dairy alternative products through the e-commerce platforms rather than retail stores in 2020 owing to the store closure around the regions.

Key Segments Covered in North America Dairy Alternatives Market:-

North America Dairy Alternatives Market By Source

Soy

Almond

Oats

Coconut

North America Dairy Alternatives Market By Application

Milk

Cheese

Yoghurt

Ice Creams

North America Dairy Alternatives Market By Formulation

Plain

Flavored

North America Dairy Alternatives Market By Type of End User Industry

Food & Beverages

Health and Wellness

Nutraceuticals Industry

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North America Dairy Alternatives Market By Geography and Major Countries

U.S.

Canada

Mexico

Key Competitors in North America Dairy Alternatives Market:-

Danone

SunOpta Inc.

Blue Diamond

Daiya Foods Inc.

Oatly Inc.

Sahmyook Food

Earth's Own Food Company Inc.

Pacific Foods of Oregon, LLC.

Eden Foods Inc.

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Key Target Audience:-

Non-Dairy Products Manufacturers

Vegan Dairy Products Manufacturers

Lactose-Free Products Manufacturers

Raw Material Suppliers for Non-Dairy Products

Potential Investors in Plant-Based/Vegan Food and Beverages

Plant-based Food & Beverages Distributors

Dairy Alternatives Advocacy Groups

For any queries or feedback, reach out to the author at Support@kenresearch.com

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

Wednesday, April 20, 2022

North America Dairy Alternatives Market by Source, Formulation, Application, End-user Industries, Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research

Dairy Alternatives Market Definition and Overview

Dairy alternatives are typically foods that imitate milk-derived products, including milk, yoghurt, butter, cheese, ice creams, and others. The most significant benefit of dairy alternatives is their lower carbon concentration as compared to the milk produced by livestock. The increasing incidences of lactose intolerance are influencing individuals to opt for dairy-free products. As per available data, by the age of 20, nearly 30 million American adults get some level of lactose intolerance. Furthermore, the increasing influence of veganism in several countries, including U.S. is fueling a demand for dairy alternative products, resulting in a steady growth of around 10% over the next few years. As per available data, plant-based milk is the largest and fastest-growing plant-based dairy alternative in North America.

North America Dairy Alternatives Market Outlook, Drivers and Challenges

The Dairy Alternatives market North America is expected to witness strong growth over the next five years, primarily driven by the rising consumers’ environmental concerns which are positively influencing an increase in the adoption of dairy alternatives in North America. They typically use less land, water to produce vegan milks, and emit lower carbon emissions which helps in mitigating the effects of global warming and improve the air quality. As per available data, livestock accounts for nearly 15% of global greenhouse gas emissions, with the dairy industry holding the largest share.

The increasing popularity of lactose-free products, including milk among individuals is anticipated to boost the dairy alternatives market growth in the forthcoming years. In addition, the rising health awareness among consumers, notably those who are unable to digest lactose, has resulted in an increase in the consumption of lactose-free products as they typically help in the absorption of calcium which benefits in building and repairing muscle tissue/cells. For instance, in the U.S as per available data, volume of value-added milks, including lactose-free, non-dairy milk, and organic milk increased ~15% in 2021 compared to the prior year, while traditional milk volumes declined by ~7%.

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The lack of consumer awareness regarding dairy-free products is one of the major challenges to the growth of the dairy alternatives market. The lack of nutritional awareness is likely to be a concern for those who eat a healthy balanced diet and do not depend solely on milk as an important protein source. The continued purchase of dairy products by consumers indicates that the portfolio of dairy alternatives has yet to capture the potential customer base.

North America Dairy Alternatives Market Value Chain Analysis

The core raw material of dairy alternatives is typically made by crushing plant materials, such as cereal, legume, seed, nut, and pseudo-cereal, and then such materials are supplied to a dairy alternative products manufacturer who make variety of dairy alternative products including their packaging & labelling. These products are then distributed via channels including, direct and traditional channels like retail stores. These distributors & retailers then sell the finished product or deliver the products to customers/end-users.

North America Dairy Alternatives Market Segmentation

The North America dairy alternatives market can be segmented based on their source into categories such as Soy, Almond, Coconut, and Oats. Based on the Formulation, the market is categorized as Plain and Flavored. The Milk, Ice Creams, Cheese, and Yoghurt are the Application based segments in the market. On the basis of end-user industries, the market can be segmented such as Health and Wellness, Food and Beverages (F&B), and Nutraceuticals. Geographically, the major countries in North America are the U.S., Canada, and Mexico.

North America Dairy Alternatives Market Competitive Landscape of Major Competitors

Some key players in the North America Dairy Alternatives market are Danone, SunOpta Inc., Blue Diamond, Daiya Foods Inc., Oatly Inc., The Hain Celestial Group Inc., Sahmyook Food, Dairy Farmers of America, and Eden Foods Inc.

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Impact of Covid-19 on North America Dairy Alternatives Market

The ongoing Covid-19 pandemic has adversely affected the market growth of dairy alternatives in 2020 due to the lockdowns imposed by several governments across countries to prevent the spread of the virus. The demand was high, but the disrupted supply chain, limited transportation, lower workforce capacity, and restricted trade/import & export had halted the manufacturing of dairy alternative products, resulting in lower sales. During the months of lockdowns, numerous individuals, particularly those affected by the virus, have shifted their purchasing preferences towards dairy alternatives. Rising health consciousness and awareness has led consumers to prefer lactose-free products due to the health benefits associated with them. Furthermore, many manufacturers of dairy alternatives have seen a significant increase in the sale of dairy alternative products through e-commerce platforms rather than retail stores since 2020 due to the store closure across countries.

Key Segments Covered in North America Dairy Alternatives Market:-

North America Dairy Alternatives Market By Source

Soy

Almond

Oats

Coconut

North America Dairy Alternatives Market By Application

Milk

Cheese

Yoghurt

Ice Creams

North America Dairy Alternatives Market By Formulation

Plain

Flavored

North America Dairy Alternatives Market By Type of End User Industry

Food & Beverages

Health and Wellness

Nutraceuticals Industry

Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NjUyNzU=

North America Dairy Alternatives Market By Geography and Major Countries

U.S.

Canada

Mexico


Key Competitors in North America Dairy Alternatives Market:-

Danone

SunOpta Inc.

Blue Diamond

Daiya Foods Inc.

Oatly Inc.

Sahmyook Food

Earth's Own Food Company Inc.

Pacific Foods of Oregon, LLC.

Eden Foods Inc.

Request For Sample Report-https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzky

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

Key Target Audience:-

Non-Dairy Products Manufacturers

Vegan Dairy Products Manufacturers

Lactose-Free Products Manufacturers

Raw Material Suppliers for Non-Dairy Products

Potential Investors in Plant-Based/Vegan Food and Beverages

Plant-based Food & Beverages Distributors

Dairy Alternatives Advocacy Groups

For any queries or feedback, reach out to the author at Support@kenresearch.com

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249