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%.
Request For Sample Report @ https://www.kenresearch.com/blog/request-for-sample-report/?Frmdetails=NjUyNzU=
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.
Request For Sample Report-https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzky
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.
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
+91-9015378249
No comments:
Post a Comment