June 2022 | North America Dairy
Alternatives Market News
Impact of COVID on North America Dairy Alternatives Market: The ongoing Covid-19 pandemic has
benefited the demand for dairy alternatives, but due to supply chain
disruptions, the supply side of dairy alternatives has suffered. During the months of lockdowns, numerous individuals, particularly those
affected by the virus, have shifted their purchasing preferences towards dairy
alternatives due to the rising health consciousness and awareness towards the
benefit of the dairy alternative products. So even though 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.
Widening Range of Ingredients and Flavors: As the popularity of dairy alternatives grows, a large variety of
ingredients will be used to expand the product line. Ingredients, including
soy, hemp, coconut, almond, oat, and rice are frequently identified due to
their ability to provide high levels of protein and nutritional value to the
consumer. There has been a noticeable increase in the variety of ingredients
that are typically used to produce milk alternatives in the dairy alternatives
market including soy, hemp, coconut, almond, oat, and rice. Such ingredients
offer consumers more options and much more flavors, while ensuring that their
dietary demands are fulfilled.
Ingredients such as
tempeh, pea, almond, and seitan are becoming more popular, whereas soy products
are being challenged due to concerns about genetic modification. The
availability of numerous sweetened, and unsweetened flavors of dairy
alternatives is boosting its demand, particularly among the youth, and young
adults.
Adoption of Veganism among Individuals: The consumers rising awareness regarding the health benefits associated
with vegan diet is one of the major factors fueling the demand for dairy
alternative products in North America. For instance, nearly 10% of Americans
over the age of 18 regard themselves as vegan or vegetarian.
Analysts
at Ken Research in their latest publication “North America Dairy Alternatives Market
Outlook and Forecast to 2027 - Driven
by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and
Nutritional Benefits of Dairy Alternatives: Ken Research” believe that the Dairy
Alternatives market is expected to grow due to the availability of many
varieties of ingredients and flavors as well as due to the increase in adoption
of veganism among adults.
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
Nutraceuticals, Health and Wellness
FMCG
North America Dairy Alternatives Market By Geography and
Major Countries
U.S.
Canada
Mexico
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
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Request For
Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzky
Companies Mentioned:-
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.
Kite
Hill
Emerging Dairy
Alternatives Companies in North America
Miyoko’s
Creamery
Betterland
Foods
New
Culture
Nuts
for Cheese
Bettermoo(d)
BetterMilk
Inc.
Heartbest
Sigma
Alimentos
Key Topics Covered in the Report:-
Snapshot
of North America Dairy Alternatives Industry
Industry
Value Chain and Ecosystem Analysis
Market
size and Segmentation of North America Dairy Alternatives Market
Historic
Growth of Overall North America Dairy Alternatives Market and Segments
Competition
Scenario of the Market and Key Developments of Competitors
Porter’s
5 Forces Analysis of North America Dairy Alternatives Industry
Overview,
Product Offerings and SWOT Analysis of All the Key Competitors
Covid
19 Impact on the Overall North America Dairy Alternatives Market
Future
Market Forecast and Growth Rates of the Total North America Dairy Alternatives Market
and by Segments
Market
Size of End User Industries with Historical CAGR and Future Forecasts
Analysis
of North America Dairy Alternatives Market in Major North American Countries
PESTLE
Analysis and Major Production / Consumption Hubs in the Major Countries
Major
Production/Supply and Consumption/Demand Hubs in Each Major Country
Major
Country-wise Historic and Future Market Growth Rates of the Total Market and
Segments
Overview
of Notable Emerging North America Dairy Alternatives Companies within Each
Major Country
For More
Information on the research report, refer to below link:
North America Dairy Alternatives Market
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Life for Milk Powder to Drive Market Growth
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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