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Explore Global Dairy Alternatives Market Size, Share, Development, Growth and Demand Forecast to 2023
Dairy Alternatives Market
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The dairy farms are consolidating worldwide, owing to declining profitability of the small scale dairy farmers. This is also affecting the raw milk production globally, thus creating demand of milk extracted from non-dairy sources.
Dairy alternatives are products similar to dairy products, in terms of application; however they are derived from non-dairy sources, such as rice, oats, wheat, barley, and nuts. Being produced through cereals and nuts, they have positive image among consumers. The increasing obesity and gastrointestinal diseases is also emerging as potential drivers for the growth of the global dairy alternatives market. Based on various clinical research, over 80% of the global population suffer from gas, painful bloating, and diarrhea upon consumption of dairy products, due to lack the essential enzyme in their body that are required to breakdown the milk sugars.
The demand for dairy products, such as cheese, snacks, and desserts prepared from milk alternatives is also increasing globally. The increasing on-the-go health drinks consumption is boosting the growth of beverages segment in the application category of the global dairy alternatives market.
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The major markets in Europe are France, Italy, Germany, the U.K., and Spain. The key markets in Asia-Pacific are China, Japan, Australia, and New Zealand. The increasing population and urbanization in Asia-Pacific are the key growth drivers for dairy alternatives market in the region.
The key competitors in the global dairy alternatives market include Archer Daniels Midland Company, WhiteWave Foods Company, Sanitarium Health and Wellbeing, Hain Celestial Group, Freedom Nutritional Products Group, SunOpta Inc., Nutriops S.L., Eden Foods Inc. and Earth’s Own Food Company Inc.
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