Press release
Dairy Alternatives Market is anticipated to hit $15.72 billion by 2023 at a CAGR of 9.9%.
Dairy Alternatives Market
APAC held the largest market share in the Dairy Alternatives Market
Asia Pacific region holds the largest market share and growth in the Dairy Alternatives Market and is anticipated to reach $9.05 billion by 2023 at a CAGR of 9.9%. The APAC region is followed by North Americas. Large consumer base coupled with familiarity of soy and almond among the Chinese people, spurs the market growth. The key channels include super markets, health food stores, convenience stores, and pharmacies.
Selected Market Share Analysis done in the full report
With growing pressure on agricultural systems on utilization of nut and grain crops for animal feed and considerable rise in the demand for plant based milks, the share of raw materials for plant based milk production grew substantially.
Manufacturers have been actively involved in developing new products, with major focus on flavor and health benefits.
Super Markets and Health food stores are gaining traction among consumers, especially in the developing nations.
Growth in vegan population, and rapidly spreading awareness among lactose intolerance provides impetus to the market growth.
To purchase or browse the table of contents of the report follow the link below:
https://industryarc.com/Report/7430/dairy-alternative-beverage-market.html
Excerpts on Market Growth Factors
The market growth has been consistently supported by the innovation in new sources and variants, in terms of flavors and nutritional value.
Additionally, with the growing concern about obesity, consumers have been preferring substitutes which have less cholesterol level as compared to the conventional dairy products.
Increasing cases of lactose intolerance and rise in consumers preferring plant based diets across various countries are the primary drivers for the market growth.
Leading manufacturers have been reaping benefits from the growing popularity of almond milk by investing more in promotional activities.
Growing consumer awareness about health issues and new product launches are driving the market growth.
Plain-unsweetened formulation of dairy alternative beverages are gaining popularity among the consumers due to their high nutritive value and organic nature.
The growing penetration of established brands and entry of new manufacturers are driving the market for other distribution channels such as health food stores, convenience stores and pharmacies globally.
Health food stores are the emerging and fastest growing channel of distribution in the global dairy alternatives beverage market.
The growing disposable income and demand among women millennial are driving the market for dairy substitutes, especially through the supermarket and hypermarket distribution channels.
Growing health conscious population is driving the market for dairy alternative beverages globally in health food stores.
Pharmacies dairy alternatives market is estimated to grow fastest in the Asia-Pacific region due to growing awareness among the millennial, lactose intolerance instances and changing consumer preferences toward healthy milk alternative beverages.
Increasing per capita consumption of dairy products and preference for lactose free products propels the dairy alternatives market growth in Mexico.
Dairy alternatives along with goat milk and organic cow’s milk have been propelling the growth of the dairy sector in UK.
Talk to one of our sales representative about the full report by providing your details in the below link:
https://industryarc.com/support.php?id=7430
Key Players of Dairy Alternatives Market:
WhiteWave Foods Company is the key player in Dairy Alternative (Beverage) market with 18% of the market share. The Company Launched Nutchello beverage with three new flavors: Caramel Almond Cashew, Dark Chocolate Walnut, Toasted Coconut Cashew.
Blue Diamond Growers accounts for 8% of the overall market share. The others category contributed 61%, consisting of companies such as Stremicks Heritage Foods, Panos Brands, Eden Foods, Oatly AB and few others.
SEB S.A. and FrieslandCampina together obtained 4 patents.
Other key players including Vitasoy International, SunOpta, and Earth’s Own Food among others.
The top companies have been investing significantly in R&D. WhiteWave Foods Company, one of the key players, has witnessed strong sales in the past few years.
Dairy Alternatives Market Report is segmented as indicated below
Dairy Alternatives Market By Type:
1.Almond Milk
2.Soy Milk
3.Coconut Milk
4.Cashew nut Milk
5.Oat Milk
6.Rice Milk
7.Hemp Milk
8.Others
Dairy Alternatives Market By Formulation
1.Plain Formulation
2.Flavored Formulation
Dairy Alternatives Market by Channel
1 Super Markets
2 Health Food Stores
3 Convenience Stores
4 Pharmacies
Dairy Alternatives Market by Shelf Life
1.Refrigerated
2.Shelf Life Stable
Dairy Alternatives Market by Shelf Life
Dairy Services Market By Geography (Covers 14+ Countries)
Dairy Services Market By Entropy
Companies Cited/Referenced/Interviewed:
1.Freedom Foods Group Limited
2.Calidad Pascaul (Formerly Known as Grupo Leche Pascaul S.A.)
3.Takai Seisakusho
4.Taishi Food Inc
5.Alpro Comm VA
6.Company 6
7.Company 7
8.Company 8
9.Company 9
10.Company 10+
Related Reports
A.Flavored Yogurt Market
https://industryarc.com/Report/15009/flavored-yogurt-market.html
B.Lactose Free Food Market
https://industryarc.com/Report/7456/lactose-free-food-market.html
What can you expect from the report?
The Dairy Alternatives Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis
FAQ:
Does IndustryARC publish country, geography or application based reports in Dairy Alternatives Market?
Yes, we do have separate reports as mentioned below:
1.Americas Market for Dairy Alternatives (2018-2023)
2.Europe Market for Dairy Alternatives (2018-2023)
3.APAC Market for Dairy Alternatives(2018-2023)
4.RoW Market for Dairy Alternatives (2018-2023)
5.Almond Milk Market for Dairy Alternatives (2018-2023)
6.Soy Milk Market for Dairy Alternatives (2018-2023)
7.Coconut Milk Market for Dairy Alternatives (2018-2023)
8.Cashew nut Market for Dairy Alternatives (2018-2023)
9.Oat Milk Market for Dairy Alternatives (2018-2023)
10.Rice Milk Market for Dairy Alternatives (2018-2023)
11.Hemp Milk Market for Dairy Alternatives (2018-2023)
12.Plain Formulation Market for Dairy Alternatives (2018-2023)
13.Flavored Formulation Market for Dairy Alternatives (2018-2023)
14.Super Markets Market for Dairy Alternatives (2018-2023)
15.Health Food Stores Market for Dairy Alternatives (2018-2023)
16.Convenience Stores Market for Dairy Alternatives (2018-2023)
17.Pharmacies Market for Dairy Alternatives (2018-2023)
Does IndustryARC customize these reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1.Increase the level of data in application or end user industry.
2.Increase the number of countries in geography chapter.
3.Find out market shares for other smaller companies or companies which are of interest to you.
4.Company profiles can be requested based on your interest.
5.Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.
To request for a proposal provide your details in the below link:
https://industryarc.com/subscription.php
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2: venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
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 is anticipated to hit $15.72 billion by 2023 at a CAGR of 9.9%. here
News-ID: 1054922 • Views: …
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic…
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air…
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial…
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the…
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…
