Dairy Alternatives Market Development Strategy -to reach USD 15.79 billion by the end of the 2023 with a CAGR of 11.58 % | Almond Milk, Soy Milk, Rice Milk

The Dairy Alternatives Market was worth USD 5.89 billion in 2014 and is expected to reach approximately USD 15.79 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.58% during the forecast period.

Dairy Alternatives Market - Competitive Insights:

The leading players in the market are Nutriops S.L, Hain Celestial Group, SunOpta, Blue Diamond Growers, WhiteWave Foods, Eden Foods Inc, Archer Daniels Midland, Freedom Nutritional Products and Daiya. The market is described by the presence of major industry members concentrating on R&D to come up with improvised texture and taste of their dairy alternative product offerings. The industry is pooled by various makers and raw material providers, which have accordingly made the market, be highly competitive.

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Dairy Alternatives Market - Industry Outlook and Trend Analysis:

Rising demand for dairy alternatives for the production of medical foods for lactose intolerance diseases, inferable from its lactose-free nature, is anticipated to drive the business development. The nutritious advantages offered by dairy alternative products, for example, high protein content, low cholesterol content, and the incorporation of the same in everyday food products by producers is anticipated to profit the market. Rising number of allergies related with non-vegan foods and the resultant changing dietary inclinations of consumers is expected to drive the interest for the product over the estimate time frame.

Dairy Alternatives Market - Formulation Outlook and Trend Analysis:

Plain formulation section represented USD 5.39 billion in 2016, and is foreseen to develop at a significant CAGR over the conjecture time frame. Developing demand for the product in food & beverage applications for plain unsweetened snacks and desserts is anticipated to boost portion development over the estimate time frame. Flavoured formulation is foreseen to be the quickest developing section over the gauge time frame.

Dairy Alternatives Market - Product Outlook and Trend Analysis:

The soy milk product portion represented 40.5% of the market share in 2016. Soy milk boosts the aversion of breast cancer and heart diseases, attributable to presence of valuable isoflavones in it. This factor has prompted its high prevalence among women, and has along these lines made it develop as the most astounding devoured non-dairy product. Almond milk is foreseen to be the quickest developing product fragment and is foreseen to rise at a tremendous CAGR over the figure time frame.

The Dairy Alternatives Market is segmented as follows-

Dairy Alternatives Market - By Product:

Almond Milk
Soy Milk
Rice Milk
Others

Dairy Alternatives Market - By Formulation:

Flavoured
Sweetened
Unsweetened
Plain
Sweetened
Unsweetened

Dairy Alternatives Market - By Application:

Beverages
Food
Desserts
Cheese
Snacks

Dairy Alternatives Market - Application Outlook and Trend Analysis:

Beverage is foreseen to develop as the quickest developing application portion over the gauge time frame. Developing demand for different nut based flavoured milk products, for example, cashew, walnut, and almond, is anticipated to profit the market development over the gauge period. Food application portion is foreseen to witness a consistent development rate by virtue of the expanding usage of dairy alternative based desserts, snacks and cheese.

Dairy Alternatives Market - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Dairy Alternatives Market - Regional Outlook and Trend Analysis:

Asia Pacific has ruled the dairy alternatives industry as far as income in 2016, and represented more than 49.7% of the market share around the same time. Rising customer awareness in regards to the dairy alternative products, changing purchaser dietary habits combined with rising discretionary income is foreseen to positively affect the business development. Europe dairy options showcase is required to advance at substantial growth rate over the figure time frame.

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Dairy Alternatives Market - Table of Contents:

1. Introduction
1.1.Report Description
1.2.Research Methodology
2. Executive Summary
2.1.Key Highlights
3.Market Overview
3.1.Introduction
3.2. Market Dynamics
4. Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5. Dairy Alternatives Market, By Product
5.1.Introduction
5.2.Global Dairy Alternatives Sales, Revenue and Market Share by Product (2014-2018)
5.3.Soy Milk
5.4.Almond Milk
5.5.Rice Milk
5.6.Other Products
6. Dairy Alternatives Market, By Formulation
...

Reason to Buy -

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Dairy Alternatives market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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