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Dairy Alternative Market Manufacturers, Regions, Type and Application, Forecast Analysis to 2024

The report includes market shares of dairy alternative market for global, Europe, North America, Asia Pacific and South America. Forecasting Global Dairy Alternative Market Analysis By Formulation Market (Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened, Others), Type (Almond Milk, Soymilk, Oat Milk, Hemp Milk, Coconut Milk, Rice Milk, Others), Application (Food {Cheese, Creamer, Yogurt, Pudding, Ice Cream}, Beverages {Milk, Sauces & Dressings}), Nutritive Component (Protein, Starch, Vitamins, Others) and Geography With Industry Trends and Forecast to 2025.

 

The major Dairy Alternative Market players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The global market accounted to USD 9.8 billion in 2017 growing at a CAGR of 12.4% during the forecast period of 2018 to 2025.

 

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Major Market Competitors: Global Dairy Alternative Market

The global dairy alternative market is highly fragmented and is based on new product launches and clinical results of products. Some of the major players operating in global dairy alternative market are The

  • Whitewave Foods Company,
  • The Hain Celestial Group, Inc.,
  • Blue Diamond Growers,
  • Sunopta Inc.,
  • Sanitarium Health and Wellbeing Company,

Others: Freedom Foods Group Limited, Eden Foods Inc., Nutriops S.L, Earth’s Own Food Company Inc., Triballat Noyal, Valsoia S.P.A., Döhler GmbH, Arla Foods, Amul, Amy’s Kitchen, Barry Callebaut, Cargill, Chr. Hansen, Crowley Foods, and Doves Farm Food, and Fonterra among others.

 

Major Market Drivers and Restraints:

  • Rising Consumer Preference for A Vegan Diet
  • Growing Cases of Lactose Intolerance & Milk Allergies
  • Fast Growth of Beverage Industry
  • Value Sensitivity
  • Inadequate Availability of Raw Materials

 

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Market Segmentation: Global Dairy Alternative Market

  • By formulation the global dairy alternative market is segmented into plain & sweetened, plain & unsweetened, flavored & sweetened, flavored & unsweetened, and others.
  • By type the global dairy alternative market is segmented into almond milk, soymilk, oat milk, hemp milk, coconut milk, rice milk, and others.
  • By application the global dairy alternative market is segmented into food and beverages.
  • Food segment is further sub-segmented into cheese, creamer, yogurt, pudding, and ice cream.
  • Beverages segment is further sub-segmented into milk, and sauces & dressings.
  • By nutritive component the global dairy alternative market is segmented into protein, starch, vitamins, and others.
  • On the basis of geography, global dairy alternative market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2018, North America is expected to dominate the market.

 

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