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 intelligence report on Dairy Alternatives market was published by Maximise Market research which indicates the expected growth in Dairy Alternatives market in the forecast period of 2022-2029. The Dairy Alternatives market is growing rapidly with a substantial growth rate over the previous years and it is estimated to grow more. The report provides Dairy Alternatives market drivers and restraints. It helps in recognizing the key drivers of the Dairy Alternatives market which driving the Dairy Alternatives markets growth and also helps to understand the upcoming opportunities by using the key drivers.
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Market Scope
The reports provides an in-depth analysis of the market size and its compound annual growth rate for forecast period. Leading analyst’s team has scrutinized the results and data while making of report. It also focuses on the key methods used by the competitors in the industry. It provides the reader and investors with up to data of the Dairy Alternatives market. Data on market size, current and future trends, market share, market dynamics, opportunities, threats and risks and the new entrants of the are represented in the report in the form of graphs, tables, pie charts and product statistics. Some methodologies were undertaken while researching such as SWOT, PESTLE and PORTER’S five forces analysis to understand the Dairy Alternatives market strengths and weaknesses.
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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.
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.
By Distribution Channel, Supermarkets and hypermarkets accounted for almost 40% of the dairy alternative market in the year 2021. This can be attributed to consumer preference of these outlets due to the availability of many consumer goods under one roof. The growth of the convenience store segment is projected to be the highest in developing countries like India due to the absence of supermarkets in rural areas. Therefore, the majority of consumers in these countries prefer convenience stores for their purchases of dairy alternatives as well as other products.
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
Regional analysis provided in the report by MMR indicates the Dairy Alternatives market’s growth region wise with analysis of the Dairy Alternatives market in specific country. The report also provides the information regarding the Dairy Alternatives market dominating country as well as the least achieving countries in the industry. It also covers the geographic conditions of the market and revenue generated and in-depth analysis into the business structure and new updates.
Key Questions answered in the Dairy Alternatives Market Report are:
Key offerings:
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Mar 13, 2023
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