Showing posts with label Global Dairy Alternatives Market. Show all posts
Showing posts with label Global Dairy Alternatives Market. Show all posts

Tuesday, May 3, 2022

Future Outlook of Global Dairy Alternatives Market: Ken Research

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Dairy substitutes are foods and drinks that can be utilized in place of dairy. These plant-based foods and drinks are thought to be an improved alternative to dairy. Soy milk, rice milk, and almond milk are some of the most common dairy alternatives across the world. Due to the availability of a variability of important vitamins and minerals, dairy alternatives are measured safe. They're also low in fat and cholesterol, and lactose-free. Dairy Alternatives have obtained a lot of traction in both the mature and emerging markets. This is owing to an augment in the number of individuals who are allergic to dairy. Furthermore, growing health consciousness and disposable income have assisted the growth of the dairy alternatives sector.

According to the report analysis, ‘Global Dairy Alternatives Market ; Segmented By Source (Soy, Almond, Coconut, Rice, Oats and Others); By Distribution Channel (Convenience Stores, Hypermarkets & Supermarkets, E-commerce platforms and Other); By Product (Milk, Yogurt, Ice Cream, Cheese, Creamers and Other); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030’ states that over the forecast duration, the effective growth in milk allergies and lactose intolerance cases are expected to fuel requirement for dairy alternatives even further. As a result, dairy substitutes are being utilized in an augmenting the number of food and beverage products to cater to the increasing the number of consumers who prefer plant-based and other dairy alternatives.


The requirement for dairy alternatives has accelerated owing to the increasing number of lactose-intolerant and dairy-allergic consumers. Milk and several other dairy foods such as ice cream, cheese, and yogurt contain lactose, which is the major carbohydrate. Abdominal discomfort, diarrhea, nausea, stomach distension, flatulence, and constipation are some of the signs of lactose intolerance. As customers become more conscious of healthy eating habits, the growing number of these allergies motivates the consumption of dairy alternatives. As a result, requirement for a variety of dairy alternatives, such as plant-based non-dairy products such as milk, ice creams, creamers, and cheese, is augmenting among the consumers.

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Global Dairy Alternatives market is segmented based on regional analysis into five foremost regions. These entail North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Dairy Alternatives in Asia Pacific controlled the largest market share during the year 2020. The Asia Pacific region's requirement for the commodity is projected to augment as the population of underdeveloped countries such as India, China, and Japan augment and disposable incomes augment. Growth in the cases of lactose intolerance, combined with augmenting health concerns about harmful additives utilized in dairy products, are anticipated to propel demand for non-dairy alternatives such as soy milk, almond milk, rice milk, and several other dairy substitutes. Therefore, it is predicted that during the near period the market of dairy alternatives will augment more progressively over the review duration.

For More Information on the Research Report, refer to below links: -

Global Dairy Alternatives Market Analysis

Related Report: -

Dairy Alternatives Market, Consumption Volume (by Source, Application, Products, Nature, Sales Channel, & Region) and 20 Company Profile - Global Forecast to 2026

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Ankur Gupta, Head Marketing & Communications

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Monday, March 7, 2022

Future Growth of Global Dairy Alternatives Market: Ken Research

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Global Dairy Alternatives Market to surpass USD 54.73 billion by 2030 from USD 24.65 billion in 2020 at a CAGR of 12.7 % in the coming years, i.e., 2021-30. Because of the shift in consumer eating habits and diet trends, the industry is gaining traction and experiencing high demand.

Product Overview

Dairy substitutes are foods and drinks that can be used in place of dairy. These plant-based foods and drinks are thought to be a healthier alternative to dairy. Soy milk, rice milk, and almond milk are some of the most common dairy alternatives around the world. Due to the availability of a variety of important vitamins and minerals, dairy alternatives are considered safe. They're also low in fat and cholesterol, and lactose-free. Dairy Alternatives have gained a lot of traction in both the mature and emerging markets. This is due to an increase in the number of people who are allergic to dairy. Furthermore, rising health consciousness and disposable income have aided the growth of the dairy alternatives sector.

Market Highlights

Global Dairy Alternatives Market is expected to project a notable CAGR of 12.7% in 2030.

Over the forecast period, rising milk allergies and lactose intolerance cases are expected to fuel demand for dairy alternatives even further. As a result, dairy substitutes are being used in an increasing number of food and beverage products to cater to the growing number of consumers who prefer plant-based and other dairy alternatives.


Global Dairy Alternatives Market: Segments

Soy segment to grow with the highest CAGR during 2020-30

Global Dairy Alternatives Market is segmented by source into soy, almond, coconut, rice, oats, and others. Soy segment held the largest market share in the year 2020. Soy milk, which is high in nutrients and protein relative to other dairy alternatives, is expected to drive the segment over the forecast era. Soy milk has been used in the Asia Pacific region for centuries and is used in a variety of recipes, which is expected to keep product demand steady over the forecast period. It's used to help people lose weight and lower their blood cholesterol levels. It also helps to reduce the risk of a variety of postmenopausal problems, as well as improve cardiovascular health, making it a common supplement.

Hypermarkets & supermarkets segment to grow with the highest CAGR during 2020-30

Global Dairy Alternatives Market is segmented by distribution channel into convenience stores, hypermarkets & supermarkets, e-commerce platforms, and others. Hypermarkets & supermarkets segment held the largest market share in the year 2020. Supermarkets and hypermarkets are massive retail stores that typically deliver a variety of retail product categories under one roof. The wide variety of products available and the convenience of real-time brand comparison for customers are the primary reasons for hypermarkets and supermarkets' popularity in this market.  In order to be open to consumers, supermarkets are normally situated near a residential area. However, due to a lack of land near residential areas, the majority of supermarket and hypermarket chains are expanding outside of the city.

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Milk segment to grow with the highest CAGR during 2020-30

Global Dairy Alternatives Market is divided by-products into milk, yogurt, ice cream, cheese, creamer, and others. Over the forecast period, the milk segment is projected to expand at the fastest pace. In Europe, the growing elderly population has resulted in a preference for milk-based dairy alternatives. Growing health concerns about soymilk, especially among breast cancer survivors, are expected to stifle market growth. Over the next eight years, increasing demand for low-calorie foods, combined with the growing popularity of plant-based nutritional goods, is expected to boost demand for the commodity in Europe.

Market Dynamics

Drivers

Lactose Intolerance and Growing Health Awareness

The demand for dairy alternatives has accelerated due to the growing number of lactose-intolerant and dairy-allergic consumers. Milk and other dairy foods such as ice cream, cheese, and yogurt contain lactose, which is the main carbohydrate. Abdominal discomfort, diarrhea, nausea, stomach distension, flatulence, and constipation are some of the signs of lactose intolerance. As consumers become more conscious of healthy eating habits, the rising number of these allergies encourages the consumption of dairy alternatives. As a result, demand for a variety of dairy alternatives, such as plant-based non-dairy products like milk, ice creams, creamers, and cheese, is increasing among the consumers.

Market Tastes and Increased Demand for Organic Foods

Organic foods and beverages have the potential to transform the dairy alternatives market as a whole. Market tastes are shifting toward healthier foods and drinks, owing to increased understanding of the practical health benefits of organic food intake. Clean-label foods and drinks have piqued consumer interest around the world, increasing in demand for organic ingredients. Developing countries such as China and India are expected to see a significant increase in demand for organic food ingredients from the supply side during the forecast period.

Restraint

Allergies associated with Plant-Based Sources Such as Tree Nuts and Almonds

Allergies associated with the plant-based sources used to produce substitute dairy products are one of the major factors limiting the market's growth. Despite the high nutritional value of soybeans, the presence of anti-nutritional components in soy can cause allergies. When the human immune system misinterprets the harmless proteins found in soy as harmful, antibodies are produced to combat them, resulting in a soy allergy. Tree nuts, such as almonds, are another product that causes allergies. As a result, these individuals must avoid almond-based products like almond milk and other non-dairy almond products.

Global Dairy Alternatives Market: Key Players

  • Organic Valley

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Blue Diamond Growers
  • SunOpta Inc.
  • Earth’s Own Food Inc.
  • Living Harvest Foods Inc.
  • Kikkoman Corporation
  • Rebel Kitchen
  • Panos Brands LLC
  • WhiteWave Foods Company
  • Other Prominent Players

Global Dairy Alternatives: Regions

Global Dairy Alternatives market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Dairy Alternatives in Asia Pacific held the largest market share in the year 2020. The Asia Pacific region's demand for the commodity is expected to increase as the population of developing countries such as India, China, and Japan grows and disposable incomes rise. Increased cases of lactose intolerance, combined with increasing health concerns about harmful additives used in dairy products, are expected to drive demand for non-dairy alternatives such as soy milk, almond milk, rice milk, and other dairy substitutes.

Global Dairy Alternatives Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Dairy Alternatives Market report also contains analysis on:

Dairy Alternatives Market Segments:

  • By Source
    • Soy
    • Almond
    • Coconut
    • Rice
    • Oats
    • Others
  • By Distribution Channel
    • Convenience stores
    • Hypermarkets & supermarkets
    • E-commerce platforms
    • Other
  • By Product
    • Milk
    • Yogurt
    • Ice Cream
    • Cheese
    • Creamer
    • Others

For More Information on the Research Report, refer to below links: -

Global Dairy Alternatives Market Analysis

Related Report: -

Global Organic Beverages Market Study 2015-2025, by Segment (Organic Coffee & Tea, Organic Dairy Alternatives, Organic Soft Drinks), by Market (Supermarket, Convenience Store, Online Store), by Company (Hain Celestial Group, Amys Kitchen, Honest Tea)

Contact Us: -

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Follow Us: -

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