The global Dairy Alternatives market size was USD 17.47 Billion in 2022 and is expected to reach USD 38.58 Billion in 2032, and register a revenue CAGR of 9.2% during the forecast period. Rising customer desire for plant-based dairy alternatives due to various health advantages connected with plant-based dairy alternatives, which is major factor driving market revenue growth. Another key factor driving demand for dairy alternatives is rising prevalence of Lactose Intolerance and milk allergies in the general population.
Revenue growth of the market for dairy substitutes is driven by rising demand for vegan product as well as the flexitarians trend. As they don't include any animal products and are a sustainable alternative, plant-based alternatives such as Soy Milk, Almond Milk, Coconut Milk, and others are gaining popularity among consumers. Need for plant-based dairy substitutes is also being driven by rising number of vegan consumers.
Click the link to get a Sample Copy of the Report: @ https://www.reportsanddata.com/download-free-sample/1254
Some Key Highlights from the Report
The key causes driving the demand for dairy-free desserts include an increase in lactose sensitivity among people, a rise in health consciousness, and an increase in customer desire for quick, wholesome, low-calorie items. Manufacturers have invested in creating new goods to take advantage of this market opportunity. Dairy-free ice cream comes in a wide variety of flavours, including Neapolitan, Cookies Cream, Mint Chocolate Chip, Vanilla, Chocolate, Butter Pecan, Strawberry, Caramel, and many more.
The expansion of Asia Pacific is attributable to the rise in popularity of natural goods with positive health effects. Due to changing consumer habits and a preference for dairy-free food and beverage items, there is an increase in the market for dairy substitutes in the region. The expansion of the market in the region is being facilitated by the presence of large economies like China and India. Most soy protein components are exported by Chinese businesses to Europe and Southeast Asia. Because of China's economic growth, customers have more spending power, which has increased the demand for premium dairy replacements.
Blue Diamond unveiled Almond Breeze Extra Creamy Almondmilk in November 2021. This product's extra-creamy texture comes from the use of almond oil prepared from premium Blue Diamond almonds that are farmed in California.
Companies profiled in the market report include Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium (New Zealand), Freedom Foods Group Limited (Australia), Eden Foods, Inc. (US), Nutriops, S.L. (Spain), Earth’s Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Panos Brands (US), Green Spot Co., Ltd. (Thailand), and Hiland Dairy (US).
To know more about the report @ https://www.reportsanddata.com/report-detail/dairy-alternatives-market
Product Type Outlook:
Soy Milk
Almond Milk
Coconut Milk
Oat Milk
Others
Distribution Channel Outlook:
Supermarkets/Hypermarkets
Convenience Stores
Online Retailers
Others
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
The Dairy Alternatives market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Dairy Alternatives market.
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1254
Frequently Asked Questions Addressed in the Report:
What is the estimated market revenue growth over the forecast period?
What are the major factors driving the global Dairy Alternatives market revenue growth?
Which regional market is expected to account for the largest revenue share in the global Dairy Alternatives market over the forecast years?
Which are the leading players in the global Dairy Alternatives market?
What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
Browse More Related Reports by Reports and Data
Mosquito Control Market @ https://www.reportsanddata.com/report-detail/mosquito-control-market
Photo Printing Kiosk Market @ https://www.reportsanddata.com/report-detail/photo-printing-kiosk-market
Polarized Sunglasses Market @ https://www.reportsanddata.com/report-detail/polarized-sunglasses-market
Razor Blade Market @ https://www.reportsanddata.com/report-detail/razor-blade-market
Reusable Respirators Market @ https://www.reportsanddata.com/report-detail/reusable-respirators-market
Baby Bottles Market @ https://www.reportsanddata.com/report-detail/baby-bottles-market
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
