openPR Logo
Press release

Dairy Alternatives Market Forecasted to Reach US$ 5.0 Bn/Mn Value by 2022-End

04-23-2018 12:56 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Dairy Alternatives Market Forecasted to Reach US$ 5.0 Bn/Mn

Milk is a necessary source of nutrition for consumers, but the increasing levels of lactose intolerance among young and adults across the globe has downgraded its value in the food & beverage products. Dairy products such as cheese, ice-creams and yogurts are being replaced with non-dairy substitutes that promise to provide equal nutrition but at expensive prices. With every passing year, the demand for such dairy alternatives continues to spur in the global food & beverage sector, compelling manufacturers of dairy products to make the transition.

Future Market Insights’ recently published forecast study on the global market for diary alternatives projects that by the end of the year 2022, more than US$ 9.5 billion worth of dairy alternatives will be sold across the globe. Over the forecast period, 2017-2022, the report expects that the global dairy alternatives market will expand at a robust CAGR of 7.1% in terms of value. Growing incidence rate of dairy allergies, which include indigestion, skin disorders and respiratory problems, will continue to drive the consumers towards dairy alternatives such as plain and sweetened cheese made from soy milk. Moreover, the easy procurement of raw ingredients such as rice, coconut, hemp and oat will facilitate mass-scale production of dairy alternatives made from the milk of these ingredients.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4852

US and Canada to Record Highest Consumption of Dairy Alternatives through 2022

According to the US health agency, National Institutes of Health, more than three-fifth of the human population is unable to digest lactose after birth. In East Asia, lactose intolerance is estimated to be the highest among adults. Genetic studies also show that people with Northern European, Italian, Greek, and Jewish descent are commonly intolerant to lactose. Such statistics translate into a vast consumer base for dairy alternatives. A regional analysis offered in the report reveals that North America represents the largest consumer of non-dairy products in the world. According to the findings, a majority of consumers in the US and Canada are actively switching to dairy alternatives for maintaining health lifestyles without consuming even a drop of milk. In 2017, the dairy alternatives market in the US has been estimated to reach a value of US$ 2.1 billion. The report also projects that consumption of dairy alternatives enriched with protein will be the highest in North America, compared to other regions.

Changing Dietary Lifestyles and Genetic Disorders to Drive the Demand for Dairy Alternatives

Following a dairy-free diet has numerous benefits, and is widely exercised by health conscious consumers and fitness enthusiasts. Digestive problems such as bloating continue to put several consumers in distress, compelling them to include dairy alternatives in their diets. While fermented dairy products can be digested easily, allergies associated unwanted milk ingredients such as antibodies and proteins remain a key disadvantage. Presence of proteins such as casein, and antibodies triggers release of chemicals inside the stomach, increasing the acidity levels in our body.

In infants, lactose intolerance is identified as congenital lactase deficiency caused from LCT gene mutations. Genetic association to lactose intolerance limits the effects of medicines towards improving the stomach’s acceptance for milk and its products. Consumers with such genetic disorders are opting for plain unsweetened cheese, yogurt, sauces, creamers, and other products. The study projects that by the end of 2022, nearly US$ 2 billion worth of plain unsweetened products will be sold in the global dairy alternatives market.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-4852

Key Producers of Dairy Alternatives

The study has also profiled leading producers of dairy alternatives in the global market. The Hain Celestial Group, Inc., Koninklijke Wessanen N.V., Organic Valley Cropp Cooperative, SunOpta, Inc., OATLY A.B., Califia Farms LLC, Eden Foods Inc., Danone, Earth’s Own Food Company Inc., and Blue Diamond Growers, Inc. are prominent companies offering dairy alternative products in several parts of the world. Several key players in the global dairy alternatives market will be focusing on reducing the presence of allergic ingredients in almond milk and lowering the amount of carbohydrates in rice milk. Such undertakings will ensure allergy-free consumption of non-dairy products and will make dairy alternatives potable for diabetics in the foreseeable future.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Dairy Alternatives Market Forecasted to Reach US$ 5.0 Bn/Mn Value by 2022-End here

News-ID: 1026611 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Dairy

Organic Milk Market Forecast to 2027 – Andechser Dairy, Arla Food, Aurora Orga …
The Insight Partners published a new report, titled, “Organic Milk Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage. The COVID-19 outbreak is currently going the
Fortified Dairy Products Market-Nestle,,BASF,,General Mills,,Danone, Bright Dair …
Latest Research Report On Fortified Dairy Products Market: The dairy industry is considered to be a promising industry among wide range of applications in the food & beverage sector. Although dairy products serve as excellent resources of essential nutrients, several processing methods including ultra-heat treatment, spray drying, pasteurization, and heating lead to loss of specific nutrients. Replenishing lost nutrients is therefore imperative, and fortification of dairy products has emerged as an
Global Dairy Stabilizers Market to Experience Significant Growth during the Fore …
The global dairy stabilizers market is likely to foresee a tremendous rise in its demand due to the rise in consumption of dairy products. Increasing urbanization has made the trend for consumption of fast foods and processed foods which are known to have chemicals and other harmful ingredients. These products have made a harmful impact on one’s health. One of visible result of consumption of these types of foods are
Dairy and Non-dairy Milk Market: Health Benefits of Non-Dairy Milk to Increase A …
Milk is characterized by two incredibly different markets such as dairy milk market and non-dairy milk market. Dairy market is large in size however have declining growth rate whereas, non-dairy is small but is quickly gaining traction across the globe owing to health benefits associated with it. Products with strong functional and ethical claims witnesses areas of opportunity for both milk markets and overall premiumzation of milk is likely to
Global Organic Dairy Food and Drinks Market 2018 - DCI Cheese Company, Alto Dair …
"Accord Market, recently published a detailed market research study focused on the “Organic Dairy Food and Drinks Market” across the global, regional and country level. The report provides 360° analysis of “Organic Dairy Food and Drinks Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future
Global Sour Milk Products Market 2017 - Borden Dairy, Estonian Dairy, Mead Johns …
The report on the Global Sour Milk Products Market 2017, consists a comprehensive overview of the industry that delivers the relevant data from the market research. The report mainly focuses on the most important aspects such as profiles of the company, pictures of product, contact information, sales, specifications and market share. Beginning of the report gives an overview and explains the Sour Milk Products market in brief. This overview defines