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Dairy Alternatives Market Study by Milk, Cheese, Yogurt, Ice Creams and Creamers Products and Overview by Supermarkets, Health Stores, Pharmacies Channels to 2023
Dairy Alternatives Market
Dairy alternatives market study report by key playerts like The White waves Food Company (US), The Hain Celestial Group (US), Blue Diamond Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), DohlerGmBh (Germany),Organic Valley (US), and Panos Brands LLC (US).The study includes an in-depth competitive analysis of these key players in the dairy alternatives market, with their company profiles, recent developments, and the key market strategies.
The market for dairy alternatives is projected to grow from USD 17.3 billion in 2018 to USD 29.6 billion by 2023, at a 11.4% CAGR during the forecast period. This is attributed to the nutritional benefits offered by plant-based dairy alternatives. They offer various nutritional benefits such as reduced cholesterol level, improved cardiovascular health, and diabetes control.
The demand for dairy alternatives has increased over the years. The popularity of dairy-free milk can be attributed to the health concerns related to lactose intolerance and the hectic lifestyles of the working middle-class population, which encourage them to use convenience products for on-the-go consumption to save time. As health and convenience are prioritized by consumers, manufacturers are producing different flavored milk alternatives with vanilla or chocolate flavors to meet the growing demand in various regions.
Get Discount on Dairy Alternatives Market Study Report Now at http://www.rnrmarketresearch.com/contacts/discount?rname=1082149 .
Study covers the dairy alternatives market across segments. It aims at estimating the market size and its growth potential across different segments such as source, application, formulation, nutritive component, distribution channel, and region. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The soy segment held the largest share in 2017, in terms of value. Soy a-based dairy alternatives are considered to be the best substitutes for dairy products and occupy a significant share in the dairy alternatives market. They are a rich source of proteins and calcium and are considered to be one of the best substitutes for dairy products by lactose-intolerant individuals.
Recent Developments:
• In April 2017, The WhiteWave Foods Company completed its merger with Danone S.A. (France). This merger would help Danone S.A. to focus on expanding sales of its plant-based products.
• In January 2017, Hain Tilda India Private Limited, a subsidiary of Hain Celestial, formed a joint venture with Future Consumer Limited (India). This joint venture would enhance the company’s product portfolio of plant-based beverages, toddler & kid food products, and snacks products to be offered under brands including Dream, Earth's Best, Garden of Eatin, Sensible Portions, and Terra.
More Details on “Dairy Alternatives Market by Source (Soy, Almond, Coconut, Rice, Oats, Hemp), Application (Milk, Cheese, Yogurt, Ice Creams, Creamers), Distribution Channel (Supermarkets, Health Stores, Pharmacies), Formulation and Region - Global Forecast to 2023” research http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1082149 .
Asia Pacific market accounted for largest share in dairy alternatives market. Large market share in this region is attributed to rapid urbanization, diet diversification, & liberalization of foreign direct investment in food sector. Apart from this, rise in income, purchasing power, rapid growth of middle-class population, increase in consumer awareness about health & fitness, and consumer demand for nutritional & healthy products provide promising prospects to market players for growth and diversification in the region’s food sector.
This is attributed to the nutritional benefits offered by plant-based dairy alternatives. They offer various nutritional benefits such as reduced cholesterol level, improved cardiovascular health, and diabetes control. These benefits have led to an increase in their consumption. Thus, these alternatives are catering to the demand for various dairy alternative products among global consumers.
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