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Global Dairy Alternatives Market - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Dairy Alternatives Market
Global dairy alternatives market was valued at US$ XX Mn in 2017 and expected to grow at 12.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Dairy Alternatives Market
Dairy alternatives are the substitutes of the milk products obtained from animals. Dairy alternatives are packed with calcium, protein, and numerous amount of essential nutrients. Calcium plays a vital role in healthy bones and teeth. Protein is an important nutrient which helps the body to grow and repair cells.
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Market Dynamics: Dairy Alternatives Market
Increasing incidence of dairy-allergies and gastrointestinal diseases is the key factor attributed for the growth of the dairy alternatives market. The rising lactose intolerance among the people and growing awareness among the people regarding the nutritional values of the plant-based alternatives is adding fuel to the growth of the dairy alternatives market. However, the high cost of the dairy alternatives and cross-contamination of the raw materials may hinder the growth of the dairy alternatives market.
Market Scope: Dairy Alternatives Market
Dairy alternatives market is segmented based on the product type, formulation, application, and distribution channel
Based on the product type, the market is segmented into the following:
Coconut Milk
Soy Milk
Rice Milk
Almond Milk
Others
Based on the formulation, the market is segmented into the following:
Sweetened Products
Plain Sweetened Formulation
Flavored Sweetened Formulation
Unsweetened Products
Plain Unsweetened Formulation
Flavored Unsweetened Formulation
Based on the application, the market is segmented into the following:
Food
Beverages
Based on the distribution channel, the market is segmented into the following:
Super Markets
Food Stores
Convenience Stores
Others
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Regional Analysis: Dairy Alternatives Market
Geographically, global dairy alternatives market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dairy alternatives market to keep the top spot in the global dairy alternatives market. China contributes the largest share in the Asia Pacific dairy alternatives market owing to higher awareness among the people regarding the alternative dairy products is the major factor enriching the growth of the market. The North America dairy alternatives market holds the second largest share owing to its higher preference for convenience and packed food. The Europe dairy alternatives market is the expected to show significant growth over the forecast period.
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Competition Assessment: Dairy Alternatives Market
Some of the players in the global respiratory inhaler devices market include:
Döhler GmbH. (Germany)
Eden Foods (U.S.)
Nutriops SL. (Spain)
Earth's Own Food Company Inc. (Canada)
Triballat Noyal (France)
Valsoia S.p.A (Italy)
Whitewave Foods (U.S.)
The Hain Celestial Group, Inc. (U.S.)
Blue Diamond Growers (U.S.)
SunOpta Inc. (Canada)
Notable Market Developments: Dairy Alternatives Market
In January 2018, Valio has launched oat-based milk and yogurt alternatives.
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