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.
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
+91-9015378249