Non-Dairy Toppings Market Expected to Secure Notable Revenue Share during 2018 to 2028 | Major Players - ConAgra Brands Inc., FrieslandCampina Kievit, Puratos NV

The non-dairy toppings market is likely to maintain a robust growth rate throughout the period of assessment, 2018-2028, as consumers shift toward veganism and plant-based products. Steadily increasing consumer awareness regarding health benefits of dairy alternatives continues to remain instrumental in driving sales of non-dairy toppings worldwide. Demand for non-dairy toppings is expected to grow at a CAGR of 7.0% in terms of volume throughout the period of forecast. Global sales of non-dairy toppings are likely to increase by 34,000 tons in 2028 over 2018.

Get Free Exclusive Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=646

Sales of non-dairy toppings are likely to witness a significant upswing during the period of forecast on the back of growing lactose intolerant consumers worldwide. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), more than 65 percent of the global population is facing lactose intolerance, with over 36 percent present in the United States alone. Unable to digest milk products, the demand for non-dairy toppings among lactose intolerant people is likely to increase, in turn contributing to the overall growth of the non-dairy toppings market, says the report.

European countries reflected dominance in the overall non-dairy toppings market, however with a relatively slow growth rate than Asia Pacific excluding Japan (APEJ). Non-dairy toppings market is now witnessing a significant upsurge across emerging economies in the Asia Pacific excluding Japan (APEJ) region, says the report. Sales of non-dairy toppings across countries such as China and India are expected to increase at a stellar pace throughout the period of forecast.

For more information on this report, please visit: https://www.factmr.com/report/646/non-dairy-toppings-market

Sales volume of non-dairy toppings via indirect channels are likely to account for over 70% share of the overall non-dairy toppings market by 2028. Modern trade continues to be the most lucrative indirect distribution channel for non-dairy toppings globally. Hypermarkets and supermarkets, as a part of modern trade, are expanding their non-dairy toppings product range, in turn increasing visibility of various non-dairy toppings brands. In addition, rising number of supermarkets worldwide are likely to complement non-dairy toppings sales. Sales of non-dairy toppings through E-commerce channel are also expected to witness a steady increasing throughout the period of forecast.

Growing bakery industry is expected to impact sales of non-dairy toppings in the forthcoming years. The overall bakery products market is expected to grow at a renascent pace, providing potential growth avenues for non-dairy toppings producers. The use of non-dairy toppings in bakery and frozen dessert applications is expected to gain significant traction during the period of forecast. Overall, the outlook of non-dairy toppings market remains positive and stakeholders in the non-dairy toppings market can expect a momentous growth in sales of non-dairy toppings across regions in the years to follow.

Make an inquiry for buying this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=646

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us            
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.