Press release
Dairy Alternative Market Expected to Grow faster according to new research report (2018-2023)
Genesis Market Insights
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Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada), Blue Diamond Growers (U.S.), Valsoia S.p.A (Italy), Triballat Noyal (France) are some of the top manufacturers in the Dairy Alternative Market with highest market share was held by Whitewave Foods in 2016. Better global reach, both at production and at an operational level is the main reason for holding this highest market share. New product launches and growing research and development expenditures to address changing demand of end users in recent years are driving this market. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive market opportunities for the various stakeholder in the value chain.
Drivers:
• Growing cases of lactose intolerance amongst end user
• Rising health consciousness has increased demand for the vegan diet
Restraints:
• Comparatively high price for Alternative milk types
• Varying nutrient content compared to dairy milk
Opportunities:
• Changing lifestyle in the untapped emerging market pose an opportunity for producers
• Consumers are showing interest in the hybrid beverages, that offer functional benefits such as bone health, high protein, energy or relaxation at a retail level
Challenges:
• Removing the additional sugar content to enhance flavors & textures
• Economical and uninterrupted Raw material supply for production
The soy milk segment is expected to hold the maximum market share during the forecasted period. With the increasing popularity and easy availability of the soy milk demand for dairy alternative applications are gaining highest market share. Almond milk is widely popular in North America region with ~80% of production in the region.
On the other hand, Cheese, Pudding, Ice-Creams food application types for this market is expected to grow at the highest CAGR during the forecasted period. The growth is attributed to the growing demand for new and innovative product launches.
Key Benefits for Stakeholders
• Dairy Alternative Manufacturers, Distributors and Retailers
• Food & Beverages Processing Companies
• Plant-Based Food Manufacturers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies
By Type
• Soy Milk
• Almond Milk
• Rice Milk
• Hemp Milk
By Application
• Food
• Beverages
By Formulation
Flavored
• Sweet
• Unsweetened
Non-Flavored
• Sweet
• Unsweetened
By Region
• North America
• Europe
• Asia-Pacific
• ROW
Key Market Players
• Whitewave Foods (U.S.)
• Blue Diamond Growers (U.S.)
• SunOpta Inc. (Canada)
• The Hain Celestial Group, Inc. (U.S.),
• Freedom Foods (Australia)
• Nutriops SL. (Spain)
• Döhler GmbH (Germany)
Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/125/27/Dairy-Alternative-Market
About Us:
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.
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