Monday, July 4, 2022

Growing digitalization and opening of the market to International Money Transfer Operators (MTO) will drive the growth of Saudi Arabia Remittance Industry at a CAGR of 2.8% during 2020-25: Ken Research

  • The Saudi Arabia Remittance market is anticipated to grow at a CAGR of 2.8% during the forecast period FY’20-FY’25.
  • Growth of digital payments solutions, along with rising fintech ecosystem are further expected to give a boost to numerous entities that facilitate online payments in the country.
  • Opening of the market to allow foreign MTOs will encourage entry of new players in the oligopolistic remittance market

Saudi Arabia is one of the most economically prosperous country in Asia and hence is a prominent emigration destination to a many South Asian countries. Of the current population of 33 Million, more than 37% of population comprises of expats with India, Pakistan, Nepal, Philippines, Bangladesh, Sri Lanka and Egypt being key source countries. This results in a high contribution of outbound remittance in the industry as the expats send money to their home country periodically.

Saudi Arabia International Remittance Market Future Outlook

Due to increased focus on hiring Saudi nationals at higher level posts, more and more people are looking to move from Saudi Arabia. This led to a decline in the remittance industry size by value. However post-COVID the scenario has reversed due to higher propensity to save. Until 2019, the foreign MTOs were not allowed to set up business independently. But based on G20 National Remittance Plan, Saudi Arabia has opened the markets for foreign MTOs which will boost the industry growth.

How is the competitive landscape in International Remittance Industry of Saudi Arabia?

The Saudi Arabian Remittance market is dominated by major 7-8 which are providing remittance services from a very long back.  A very high amount of capital would be required to make any position in the oligopoly remittance market of Saudi Arabia. More than 95% of the remittance market is hold by 8 firms and the competition has been growing largely since the increase in penetration of digital channels. Entry of STC pay has gained a substantial market share since it begin their operations and all other banks are now focusing on strengthening their digital channels.

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In Saudi Arabia, foreign MTOs were not allowed to open their branches and providing remittance services independently in the Kingdom. Since 2019, the plan have been introduced but there are many rules and regulations which are to be followed for the foreign money exchanges. The paid up capital has not been standardized for the foreign players and it is to the discretion of Saudi Central Bank SAMA. This means that the entry barriers are high for the remittance industry in the Kingdom.

What is the future takeaway for industry players?

Given the backdrop of increase in volume and value of outbound international remittance transactions, analysts at Ken Research expect a growth of 4.5% during 2020-21 and CAGR of 2.8% during 2020-25F. During this period, value of transactions is expected to peak in 2025 which will be driven by the opening of the market for foreign MTOs and growing adoption of digital solutions. Analysts at Ken Research further expect that digitalization of services and corresponding marketing campaigns are expected to drive the revenue of remittance industry at a CAGR of 3.1% during 2020-25F

Key Topics Covered in the Report

·         Market share of Exchange Houses Saudi Arabia

·         Overview of International Remittance Industry in Saudi Arabia (Statistics on Corridor wise Transaction volume and value)

·         Industry segmentation (By Type of Transfers, Corridor wise)

·         Cross Comparison of Major players on Operational and Financial Parameters (December 2020)

·         Company Profile of Major Players (Overview, Products and Services, USP, Business Strategies, Branch wise Operational Performance, Cumulative Financial Performance, Recent Developments)

·         Growth Drivers and Challenges to Saudi Arabia International Remittance Industry

·         Industry trends and developments

·         Risk factors in the industry

·         Rules and Regulations by Government Bodies

·         Impact of COVID-19 and Future Outlook of Industry 

Related Reports:

Indonesia Domestic and International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridor

Singapore International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors

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Covid Impact on Indonesia Electric Charging Station Market: Ken Research


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Market Definitions and Assumptions:

Electric Charging Station Market: Electric Charging Station Market is defined as the revenue generated through the sales of a piece of equipment that provides AC or DC power from the grid to a 2W, 3W and 4W EV in a public or private space (it has connectors that conform to a variety of standards, to connect the charging equipment).

4-Wheeler EV (4W): 4W is defined here as a passenger car (PC), constructed solely for the carriage of passengers and their effects (no more than 8 seats, including the driver’s seat), and includes only Battery Electric Vehicles (BEV's) as opposed to Hybrid and Plug in Hybrid Electric Vehicles (HEV's and PHEV's). Does not include Electric Trucks and Buses.

2-Wheeler EV (2W): 2W is defined as an electric vehicle which runs on 2 wheels only, it is also known as an electric motorcycle, electric scooter or electric bike.

3-Wheeler EV (3W): 3W is defined as an electric vehicle that is equipped with 3 wheels, and used as a carriage for passengers or for the transportation of goods (excluding motorcycles or scooters with a sidecar). Also referred to as an electric rickshaw.

Charging Infrastructure EPC companies: Charging Infrastructure EPC companies are defined as the business entities that undertake end-to-end Charging Station Development Projects, as part of an MoU with the Public Development / Govt. bodies and/or in partnership with other automobile manufacturers and allied entities in the automobile ecosystem.


EV charging cables are of 2 types: Alternating Current (AC) and Direct Current (DC). Within AC, there are 2 types, based on type of plugs used: Type-1 and Type-2. DC Charging cables are of 2 types, based on the type of plugs used: Combination Plugs (Combined Charging System, or CCS) and CHAdeMO.

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Currency Conversion Rate: Conversion from USD to Indonesian Rupiah has been formulated based on the following estimation. 1 United States Dollar = 14,365.70 Indonesian Rupiah.

Market Sizing Approach: Exhaustive research done to identify the list of major players which have a presence in EV Charging Equipment industry in Indonesia. Conducted interviews with the management of the companies (C-level executives, Business Development head, Regional Head, Operations Manager, Area Sales Manager, & others).

Hypothesis Creation: After analyzing the major industry factors a hypothesis is framed about the market size based on reports from magazines, journals, online articles, government associations, company reports, and other industry reports. We have used both public databases and interviews with market experts in the Indonesian EV Charging Equipment market to define each market and collect data points about the same.

Sanity Checking: We have analyzed and sanitized market by comparing our projections with the official projections of PLN Indonesia, which has been assigned the task of spearheading the task of creating public EV chargers throughout Indonesia.

Market Assessment: To derive the revenue of the EV Charging Equipment Industry in Indonesia, our team followed a streamlined approach which has been described below:

Primary interviews via Computer Assisted Telephonic Interviews (CATI's) with the EV Charging equipment Manufacturing Companies to understand their viewpoint on the status of market, new developments, end user perception, understanding the trends and challenges in the sector.

In this method, interviews are carried out by telephone and are guided by a questionnaire displayed on the screen of a computer. The interviewer records answers via the keyboard to correspond with the pre-coded responses displayed on the screen. The advantage of this method is that, there would be high accuracy as participants can clear their queries related to any questions and we can probe them on answers within the interview on a real time basis which would eliminate any chance of incorrect responses or biasness. The interview comprised of both subjective as well as objective questions to understand the industry challenges, growth drivers, price points, overall market scenario and other relevant details.

Limitations and Future Conclusion:

There might be cases that the chief executives/representatives/dealers might be bullish with the numbers provided in terms of their company's market share, revenue, etc. This data is sanity checked by asking other primaries about the performance and market share of their other competitors to get more realistic numbers.

The Indonesian EV Charging Equipment Market is still in a very nascent stage of growth, hence there is limited visibility in terms of future growth prospects, and the limited growth achieved in 2020 due to the COVID-19 Pandemic further adds to the difficulty of properly forecasting EV charger growth in the coming years.

Almost all Private Sector Startups in the EV charging infrastructure stage are in a nascent stage, with many not having sold even a single charger and still in the trial stages of testing their chargers as per government regulations. Hence the report does not give a full picture of the private sector participation in the EV charging space which is expected to grow exponentially in the coming years.

The conclusion regarding the expected value of EV Charging Equipment industry is determined by using weighted average of the output of subjective judgment, primary research and opinions polls. The weighted average method enables us to filter out the possible noise in each computation method and helps us to derive the best possible future projections.

Key Segments Covered in Indonesia EV Charging Equipment Industry

EV Charging Market Size by

Revenue

Number of charging stations

Indonesia EV Charging Equipment Industry By

Type of Chargers

Type of Charging

Type of Vehicle

Geographic Demand

Type of Manufacturer

Sales Channels

Product Analysis

4W Chargers

2W Chargers

Charging Stations

Pricing Analysis

4W Chargers pricing

2W Chargers pricing

Charging Stations pricing

Key Target Audience

Electricity Supplier

EV Manufacturers

EV Charging Equipment Manufacturers

EV Charging System Operator

Demand side Transport Operators

Government Bodies

Time Period Captured in the Report:

Historical Period: 2016-2021

Forecast Period: 2022-2026F

EV Charging Equipment Players in Indonesia

Delta

ABB

Schneider Electric

Powerindo

Bambang Djaja

Phihong

ANS EVSE

Ghifari Energi

Key Topics Covered in the Report: -

Overview of EV Market and EV Charging Equipment Market in Indonesia

Ecosystem of EV Charging Equipment Market in Indonesia

Market Size of EV Charging Equipment Market in Indonesia (Total EV Charging Equipment Revenue)

Indonesia EV Charging Equipment Market Segmentation (By Type of Charging, Type of Chargers, Type of Vehicle, Type of Geography, By Sales Channels)

Cross Comparison of Southeast Asian Countries on EV Adoption and comparison of top players in the EV Charging Equipment Market in Indonesia

Company Profiles of EV Charger Manufacturers (Overview, Products, Business Streams, Manufacturing Capabilities, Distribution Channels, Recent Projects, Cost Structure, and Awards and Recognitions)

Growth Drivers and Challenges to Indonesia EV Charging Equipment Industry

Industry trends and developments

SWOT Analysis of EV Market

Rules and Regulations by Government Bodies

Future Outlook of Industry

Case Study (PLN, EESL, Alfen)

For More Information, Click on the Following Link: -

Indonesia Electric Vehicle Charging Equipment Market

Related Reports by Ken Research: -

India EV Charging Equipment Market Outlook to FY'2026 – Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government

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Corporate Training Market India Outlook to 2027: Ken Research

 

The report titled “Corporate Training Market India Outlook to 2027 - Driven by Wide Acceptance of Online and Virtual Training and Organizations Need for Multi Skilled Tech Savvy Employees” provides a comprehensive analysis on the Corporate Training Market in India. The report covers various aspects including overview and market size, addressable target market, market segmentation, modes of learning, stakeholders, business models, profile of major players, competitive landscape, investment model, profile of self-baseds learning platforms, SWOT analysis and many other influential factors. The report concludes with strength and weakness of major players, cause and effect of multiple factors and analyst recommendations for the training houses in the industry.

Market Overview

The Corporate Training Market in India is in its growth stage and will continue to be so for the next 10-15 years. Considering the size and magnitude of growth factors such as a robust IT and service industry, large and young workforce and India’s fast GDP growth the corporate training market is very much underpenetrated in India. Its size is small when compared to the global corporate training market size therefore, indicating lots of untapped potential for growth.  From FY’13-FY’19 market was growing quickly at healthy double digit CAGR however in FY’21 the overall market growth contracted due to the Covid-19 pandemic. In the review period 2017-2022P, the Corporate Training Market in India grew at a positive CAGR of 9.8%. Even though there was a negative contraction in FY’21, market was able to maintain a positive CAGR as IT and service companies quickly resumed operations by adopting hybrid and work from home model and training companies were able to deliver online through various modes of e-learning.

Market Segmentation

By Industry Verticals (IT/ITES, Telecom, BFSI, FMCG/Retail, Automobile, Manufacturing, and Healthcare):

With increasing accessibility to affordable education and internet people are becoming more aware and are migrating from secondary sector to esteemed IT and service sector of India. India being the IT hub and with continue migration of workforce IT/ITES sector is the backbone of Corporate Training Market in India. Telecom and BFSI are other two large industry verticals contributing towards the market growth. Swift transformation from 3G to 4G technology and intense R&D home grown 5G technology training demand is likely to be stable in the telecom space. Training requirements in BFSI sector are growing at a faster rate than telecom as design of banking products and schemes are more data driven due to evolution in FinTech space. Due to digitization and organization of the large unorganized retail sector and growth in the used car market and EV segment trainings would be in high demand.

Due to the covid-19 pandemic organizations have realized the importance of healthcare and this has also made people understand the notion ‘prevention is better than cure’ therefore, demand for training has spiked in this sector as well.

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By Types of Training Services (Technical, Leadership, Managerial, Sales, Customer Management):

Technical trainings are generally given to employees at the start of their professional journey in a company. Due to the pandemic, business operations were shifted to work from home model therefore many employees were on their own due to which they felt the need for technical skills. Leadership trainings comprises of enhancing the emotional strength besides strengthening cognitive abilities. They are generally reserved for the board level and CXO level employees and thus are expensive. Organisation focus on managerial trainings for managers and supervisors due to the benefits of “train the trainer” culture and sales trainings are generally meant for the executives to optimally handle the sales pressure. 

By Sector (Service, Retail/Wholesale/, Manufacturing, Government, Education, Association and Non-Profit Organizations):

Majority of the training demand is dominated by the requirements from service industry. The covid-19 pandemic acted as a catalyst for the ongoing digital and offline to online transformation and this has brought phenomenal change in the training demand from the education sector. Corporate training demand from government and associations is expected to decline over time.

By Deployment (On Site and Off Site):

Off site has been a preferred mode especially in cases where in the client lacks the required training infrastructure and cost para meters. However, if the client’s is resourceful and has requirement has a lot of customisations aligned to their business goals, they might opt for an On-site training mode. Due to Covid-19 Pandemic most of the trainings was shifted to online platforms.

By Designation of Employee (Managerial, Non-Managerial and Integrated):

Freshers and young professionals who are just 1-3 years old in their career are given most of the non-managerial trainings. On the other hand, Managerial trainings are on the rise in India. Managers are required to avail trainings in new innovative business models & disruptive technologies for efficient deployment of resources.

By Major Cities: (Mumbai, Delhi, Bengaluru, Pune, Chennai, Kolkata):

Most of the major corporate training companies have their headquarters located in Mumbai, Delhi and Bengaluru. The top 4 cities contributes towards a large chunk of the corporate training demand however, other cities like Nagpur, Bhopal, Vishakhapatnam are catching up quickly as many IT corridors are being setup here.

By Open and Customized Training:

Majority of the training requirements are customized as more and more companies want training programs to be designed according to their business goals, aspiration and employee’s cognitive abilities. Open programs objectives are pre-defined and are generally the basic or introductory modules of the training subject.

By MNC’s and Domestic Organizations:

As MNC’s have a culture of mandatory training programs most of the corporate training requirement are generated by the MNC’s.  Many domestic companies have started their operations across geographies and have ventured in various verticals and therefore even their training demands are rising.

By Mode of Learning (Instructor Led Classroom Only, Blended Learning, Virtual Classroom, Online or Computer Based Methods, Mobile and Social Learning):

Instructor led classroom learning is the traditional and most impactful way of imparting training and has always dominated the market. However, with increasing digitization and Covid-19 pandemic many modes of training have emerged. Blended learning, virtual classroom and computer-based modules have redefined training experiences especially during the pandemic and now have gained wide acceptance. Mobile learning is also on the rise as it ensures learning on the go.

By Scale of the Organization (Large, Medium and Small):

Large organizations are the largest revenue generator for the corporate training market in India. However, medium and small-scale companies have now realized the importance of training. They now view training as an investment which is imperative to attain business goals and not as an expense anymore. Such companies outsource most of their training requirements as well.

Competition Landscape:

The Corporate Training Market in India is a very competitive and a fragmented space with the presence of 500-600 companies. However, a good chunk of the market share is captured by 7 companies namely NIIT, Manipal Global Education, CADD Centre, Aptech Limited, Centum Learning, Koenig Solutions and Hughes Global.           Price, post training support, brand value, clientele, trainer’s qualification, customizations and value-added services like assessment, performance and ROI evaluation are the competitive parameters in the industry. In order to have an edge over the competition many companies offer other services as well like staffing, HR management, IT support, coaching, audit etc. Lately, many self-based learning platforms like Udemy, Coursera, Simplilearn, upGrad have also become popular offering courses and modules keep working professionals need in mind.

Future Outlook and Projection

The Corporate Training Market in India is expected to grow with a healthy CAGR of 16.3% in FY’22P and FY’27F. The focus would be on to keep the learners and engaged by enhancing experiential learning therefore use of technologies like AR/VR, Metaverse and Micro learning concept would be prevalent in future. Courses on data and business analytics, AI-ML, cyber security, cloud infrastructure would be in high demand. IT and BFSI are going to be the larger support pillars for the corporate training market.

Key Segments Covered

  • By Industry Verticals
    • IT/ITES
    • Telecom
    • BFSI
    • Retail/FMCG
    • Manufacturing
    • Automobile
    • Healthcare
  • By Types Of Training Service
    • Technical
    • Leadership
    • Managerial
    • Sales
    • Customer Management
  • By Sector
    • Services
    • Retail/Wholesale
    • Manufacturing
    • Government
    • Education
    • Association & Nonprofit Organization
  • By Deployment
    • On Site
    • Off Site
  • By Designation Of Employees
    • Non-Managerial
    • Managerial
    • Integrated
  • By Major Cities
  • Mumbai
  • Delhi
  • Bengaluru
  • Hyderabad
  • Pune
  • Chennai
  • Kolkata
  • By Open & Customized Training
  • By Type Of Organization
  • MNC
  • Domestic
  • By Mode Of Learning
  • Instructor Led Classroom Only
  • Blended Learning
  • Virtual Classroom
  • Online or Computer Based Methods Only
  • Mobile Only
  • Social Learning
  • By Scale Of Organization
  • Large
  • Medium
  • Small

Companies Covered

  • NIIT
  • Manipal Global Education
  • CADD Centre
  • Aptech
  • Centum Learning
  • Koenig Solutions
  • Hughes Global Education

Key Target Audience

  • Corporate Training Companies
  • Ed-tech Companies
  • Self-Based Learning Platforms Companies
  • Freelance Trainers
  • Industry/Corporate Coach
  • Contractual Professional Trainers
  • Industry Veterans
  • IT Solutions and Support Companies
  • Top UG/PG Private Universities
  • Retired Experienced Faculties

Time Period Captured in the Report: -

  • Historical Period: FY’17-FY’22P
  • Forecast Period: FY’22P-FY’27F

Key Topics Covered in the Report

  • How is the Corporate Training Market positioned in India?
  • Target Addressable Audience for Corporate Training Market in India Market
  • Popular Courses and Their Prices
  • Critical Decision-Making Criterions related to Pricing and Selection Process
  • Freelance Trainers V/s Full Time Trainers
  • Supply Ecosystem and Challenges
  • Opportunity Matrix
  • Market Size and Segmentation
  • SWOT Analysis
  • Upcoming Technologies & Trends in Corporate Training Market
  • Investment Model and ROI in Corporate Training Business
  • Competitive Landscape – Cross Comparison of Major Players
  • Company Profiles
  • Self-Based Learning Platforms
  • Covid-19 Impact
  • Analyst Recommendations & Cause Effect of certain Market Related Factors
  • Research Methodology

For More Information, refer to below links:-

Corporate Training Market India Outlook to 2027

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Egypt E-Learning Market Outlook to 2026- Driven by easy and on-demand access to content, self-paced learning opportunities and interactive & modular means of learning

Global Training Outsourcing Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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Ankur Gupta, Head Marketing & Communications
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Vietnam Used Car Market Outlook To 2026 – Ken Research

 The used car market in Vietnam has become quite streamlined in the past few years, with several reputed companies entering the arena and offering quality-checked used cars, that come with a one-year warranty and a couple of free services



However, between 2015 and 2021 Vietnam ‘s used car market experienced a slow down on the basis of gross transaction value. The decline in GTV as well as sales volume of used car industry is attributed to various government initiatives to support the growth of domestic automotive industry, and policies implemented such as reduction in import tax to 0% for cars imported from ASEAN region. Coupled with that, the reduction of vehicle registration fees by 50% for domestically assembled and produced vehicles has contributed to the development of the domestic automotive manufacturing industry such as Vinfast negatively impacting the used car ecosystem.

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Even though the used car industry post 2018 has witnessed a decline in sales volume, but the advent of COVID-19 is contributing towards the positive outlook of the industry. Increased awareness on health and hygiene is acting as a catalyst for the shift in consumer’s preference from availing public transportation to private transportation medium. The shift in consumer’s preference is expected to contribute in the growth of passenger vehicle sales in coming years. Coupled with that, government initiatives to ban motorbikes by 2030 and development of road infrastructure facility is contributing in the shift towards consumer adapting to passenger vehicles compared to historically prevalent motorbikes.

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Vietnam Used Car Market

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North America (Mexico, Canada, U.S) Dairy Alternatives Market, Revenue, Sales, By Competitors (Blue Diamond, Oatly, Earth's Own Food Company, Kite Hill): Ken Research

What Is the Size of North America Dairy Alternatives Industry?

North America Dairy Alternatives market is growing at a CAGR of ~% in 2017-2021P and is expected to reach ~USD Bn by 2027F. The major drivers for the increase in consumption of Dairy Alternatives in North America is increasing occurrence of lactose intolerance, and rising consumers’ environmental concerns which are positively influencing an increase in the adoption of dairy alternatives in North America.

Growing individuals concern regarding animal welfare, and food processing are prompting individuals to seek environmentally sustainable food alternatives, resulting in an increase in vegan food demand. Dairy alternatives' ability to integrate with new material sources and advanced technologies, manufacturers are overcoming taste & texture challenges to produce alternative options that more accurately reflect conventional dairy. For instance, Dairy alternatives containing enzyme-modified oat products are becoming increasingly popular.

Food scientists/manufacturers are reviving dairy-like qualities in products such as dairy-free whey and dairy-free casein proteins derived from highly precise fermentations. This is a step forward in the advancement of dairy alternatives. Furthermore, new ingredients and formats are also likely to emerge, challenging existing plant-based offerings as eventually more environmentally friendly alternatives.

North America Dairy alternatives market by source

The Soy segment in North America Dairy Alternatives market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growth is majorly attributed by the growing demand domestic demand for soybean. Following the Soy segment, the Oat segment will experience significant growth during the forecasted period, owing to the health benefits of beta-glucans, which limit the effectiveness of cardiovascular diseases, and dietary benefits, that contain high levels of calcium and Vitamin B12, are bolstering their market growth.

Coconut milk is becoming more popular in the food and beverage service industry as it can be stored and used for an extended period of time, lowering operational costs. The coconut segment is predicted to grow at an annual compound growth rate of ~% to reach ~USD Bn by 2027. Moreover, the extensive use of coconut milk in processed foods, such as cookies, cakes, pies, soups, milkshakes, and ice cream are fuelling their demand, particularly in fast food chains and restaurants that use it as a fresh ingredient substitute.

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North America Dairy Alternatives market by applications

The North America Cheese market is growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The increased consumption of Italian dishes, such as pasta, pizza, and caprese salad across North America is driving the demand for non-dairy cheese.

Increasing demand for nutrient-rich foods that are healthy and minimize the risk of allergen disorders in both young and old individuals has accelerated the demand for non-dairy yoghurt. Following the emergence of COVID-19, there was a surge in consumer interest in healthy food products that could boost their immune responses to the coronavirus. As a result, dairy alternatives, particularly yoghurt, have become an important part of a healthy and balanced diet.

The exponential development in commercial exploitation, combined with rising plant-based milk production, is driving demand in the non-dairy ice cream market. In addition, product innovation to improve taste and technological advancements in the industry give the market a positive outlook.

North America Dairy alternatives market by formulation

The Flavoured segment in North America Dairy Alternatives market is growing at a highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The growth is majorly attributed by the emergence of a variety of flavored dairy alternatives such as hazelnut, coffee, caramel, and vanilla. Consumers are shifting toward products that provide adequate nutrition as well as good taste, resulting in an increase in demand for flavoured dairy-free products.

The availability of unsweetened flavoured dairy alternatives is assisting in increasing milk alternative consumption, particularly among children, as parents nowadays typically seek more nutritious diet options as well as appealing taste for their children. As a result, it may increase their children's overall participation in milk consumption.

Moreover, growing concerns about calories, fat, and sugar as components of diets containing have put sweetened flavoured milk at risk of being withheld from children, resulting in an increase in demand for unsweetened flavoured dairy-free foods and beverages.

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

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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

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

Dairy Alternatives Market

Non-Dairy Foods Market

Vegan Foods Market

Veganism Market Sales

Plant-Based Foods Market

Plant-Based Milk Market

Milk-Derived Products Market

Lactose-Free Market

Lactose Intolerance Market

Dairy Alternatives Health Benefits

Dairy Alternatives Sources

Dairy Alternatives Formulations

Dairy Alternatives Applications

Dairy Alternatives End-User Industries

U.S. Dairy Alternatives Market

Dairy Alternatives Market in U.S.

U.S. Vegan and Plant-Based Milk Market

U.S. Non-Dairy Milk Market

U.S. Plant-Based Dairy Alternatives Market

Heartbest Dairy Alternatives Market

Sigma Alimentos Dairy Alternatives Market

Miyoko’s Creamery Dairy Alternatives Market

For More Information on the research report, refer to below link:

North America Dairy Alternatives Market

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Indonesia Dairy Food Market Outlook to 2025 – Yoghurt & Soul Milk Products coupled with Cheese Segment to Drive Market Growth

Somalia Milk Powder Market Outlook to 2025 –Increasing Demand-Supply Gap for fresh milk due to Seasonal Fluctuations and Higher Shelf Life for Milk Powder to Drive Market Growth

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Ankur Gupta, Head Marketing & Communications
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