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Dairy Alternative Market predicts rise in demand by 2016-2024, globally

Dairy Alternative Market: Growing vegetarian population and increase health awareness mainly drives the market by 2015 – 2021
Martin Glenn | 04.07.2017
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Zion Market Research, the market research group announced the analysis report ‘MDairy Alternative Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2016–2024

The dairy alternative is a plant-based milk and used as the major substitute for milk. It is processed through cereals (oats, rice, wheat, and barley), nuts, and seeds. It contains low-cholesterol and low-fat content than milk products. The dairy alternative does not contain lactose that has therapeutic or medical advantages, particularly for the lactose intolerant population.

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The report covers forecast and analysis for the dairy alternative market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). The report also offers the detailed competitive landscape of the global dairy alternative market. It includes company market share analysis, the product portfolio of the major industry participants. The report provides market opportunities for the upcoming years.

Dairy alternative products have various health benefits. Growing vegetarian population and increase health awareness mainly drive the dairy alternative market. Strong support from the government and associations is also expected to offer growth prospects for the dairy alternative market. However, an absence of proteins, cross contamination of raw materials and high cost associated with dairy alternatives may hamper the dairy alternative market. Nevertheless, lactose intolerance, new marketing techniques and awareness programs regarding dairy alternatives may create various opportunities for this market.

In terms of segmentation, the dairy alternative market has been segmented on the basis of product which includes almond milk, oat milk, rice milk, soy milk and others. The soy milk segment is expected to acquire the largest market share of global market in the coming years. The demand for almond milk is also increasing extensively due to various health advantages and high content of calcium and vitamin. On the basis of formulations, the market is divided into plain-sweetened, plain-unsweetened, flavored-sweetened, flavored-unsweetened, and others.

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The dairy alternative market has been encountering constant development and would keep up the same trend in the near future. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific dairy alternatives market is predicted to grow at the highest CAGR in the forecast period. Rising health awareness, increasing cases of lactose intolerance and milk allergy in this region would fuel the market growth.

There are some major players in the dairy alternative market such as Blue Diamond Growers, Earth’s Own Food Company, Panos Brands LLC, Eden Foods Inc, The Bridge S.R.L, Whitewave Foods Company, Associated British Foods, and BASF SE among others.

Global Dairy Alternative Market: Product Segment Analysis (Almond milk, Oat milk, Rice milk, Soya milk, Others). Formulations Segment Analysis Plain sweetened, Plainly unsweetened, Flavored sweetened, Flavored unsweetened, Others ). Region Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa).

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About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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