Dairy Alternatives Market size was valued at US$ 22.95 Billion in 2021 and the global Dairy Alternatives revenue is expected to grow at 12.5% through 2022 to 2029, reaching nearly US$ 58.88 Billion.
Market Overview
The recently published Dairy Alternatives market report by MMR Maximise Market Research provides in-depth analysis of the Dairy Alternatives market and indicates the lucrative growth for the Dairy Alternatives market suppliers in the forecasted period by 2029. MMR has served around 600 clients across the globe since 2017. The impact of the market is normal after the Covid lockdown has been analysed in the report and the market is showing the upward trend even in the midst of an economic slowdown.
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Market Scope
The Dairy Alternatives market report provides key points that indicates the lucrative growth in the Dairy Alternatives market. Due to significant efforts of the industry participants, the market is forecasted to grow by 2029. The report provides the cost structures and development goals and objectives of the key players. The reports comprises of the data of market size, current and future trends, market share, opportunities, threats and risks and the new entrants of the market. The MMR’s report on the Dairy Alternatives market can help new entrants of the market for understanding the new trends and opportunities as well as challenges of the industry. While researching the Dairy Alternatives market various methodologies were undertaken by the research analysts and industry experts to know the strengths, weakness, opportunities and threats. The report provides the users the comprehensive information of analytical data scientifically displayed in the form of graphs, table, and pie charts as well as product statistics.
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Segmentation:
By Source, the Almond milk segment dominated the dairy alternative market in the year 2021 followed by soy milk. This can be attributed to the growing popularity of almond milk among vegan consumers around the globe. Another reason for the popularity and demand for almond milk in the global market is the health benefits it has to offer. It helps to relieve the symptoms of diseases related to the kidney and heart. That’s why the patients who are recommended a ketogenic diet by their doctors prefer almond milk.
The soy milk segment is expected to witness a high CAGR in the forecast period (2022-2029). This can be attributed to the easy availability of raw materials in the making of soy milk. i.e. milk and water. However, that is not the case when it comes to the growth of the oatmeal segment. The presence of cardio-protective omega-three fatty acids in soy milk is expected to contribute to the overall growth of the market in the aforementioned forecast period.
By Product, the Non-Dairy milk segment dominated the dairy alternatives market in the year 2021 with it held more than 70% of the total share in 2021. This is due to milk being the primary ingredient in many dairy-based products like yogurt, cheese, and ice cream. Now that the number of consumers who prefer non-dairy products is increasing. These consumers tend to prefer products like ice cream and cheese without any dairy content in them. To manufacture these non-dairy products; the manufacturers need a huge and constant supply of non-dairy milk. i.e almond and soy milk. This trend is projected to drive the growth of the non-dairy milk segment in the aforementioned forecast period.
Key Players:
• Freedom Foods Group
• Eden Foods
• Nutriops S.L.
• Earths Own Food Company
• Triballat Noyal
• Valsoia S.P.A
• Dohler GmBh
• Organic Valley
• Panos Brands
• Living Harvest Foods Inc.
• Kikkoman Corporation
• Rebel Kitchen
• Melt Organic
• Daiya Foods Inc.
• Califia Farms
• Hudson River Foods Inc.
• Kite Hill
Regional Analysis
The research delves into the Dairy Alternatives market in depth, segmenting it into regions. The report evaluates market with different regions on a local as well as country by country basis this gives out the clear identification of the market trends, restrictions and new development opportunities. Understanding the local and regional consumer behaviour can help the new entrants to target the real Dairy Alternatives market audience.
Key Questions answered in the Dairy Alternatives Market Report are:
Key offerings:
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 10, 2023
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