The Global Dairy Alternative Market accounted to USD 9.8 billion in 2017 growing at a CAGR of 12.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The dairy alternative products are used for the diets which are made for people having a dairy allergy. These are a group of foods which consists of coffee whitener, imitation cream, cheese, and ice cream. They are similar in taste and texture to the genuine dairy products, non-dairy products can differ markedly in composition from products they resemble. Some substitutes may contain milk components despite non-dairy claims.
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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
Market Segmentation: Global Dairy Alternative Market
- By formulation the global dairy alternative market is segmented into plain & sweetened, plain & unsweetened, flavoured & sweetened, flavoured & 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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Competitive Analysis: Global Dairy Alternative Market
The global dairy alternative market is highly fragmented and is based on new product launches and clinical results of products. Hence the major 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 report includes market shares of dairy alternative market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Dairy Alternative Market
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, 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.
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