Dairy Alternatives Market Growth by Top Most Key Players - Danone, The Hain Celestial Group, WhiteWave Foods, Blue Diamond Growers, SunOpta, Pacific Foods, Freedom Foods, Valsoia S.p.a., TRIBALLAT NOYAL , Earth's Own Food Company, Califia Farms, Ripple Fo

Dairy Alternatives Market size was valued at over USD 18.8 Billion in 2018 and may Exceed USD 37.5 Billion, estimated to grow at over 10% CAGR between 2019 and 2025; according to Global Market Insights.

With changing consumer preference for vegan based products, the global diary alternatives market is expected to chalk out remunerative growth trend through a diverse range of verticals. In fact, due to growing health consciousness, the demand for flavored milk from almond, coconut, soy, oats, hemp, and rice is rising because of improved minerals and vitamins uptake.

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Additionally, manufacturers are more focused in developing new flavors for plant based frozen yogurt and ice-cream in an effort to gain a competitive advantage.

Growing concern regarding lactose intolerance and high number of related diseases like diarrhea and bloating has further led to growth of the global diary alternatives market. As per reports by WHO, nearly 70% of the global population was lactose intolerant back in 2017. Meanwhile, other benefits such as reduced content of calorie as well as low level of cholesterol have also resulted in gaining consumer attention.

Top Key Players :

1. Whitewave Foods
2. Hain Celestial Group
3. Blue Diamond Growers
4. SunOpta Inc.
5. Pacific Foods
6. Freedom Foods
7. Earth's Own Food Company Inc.
8. Triballat Noyal
9. Valsoia S.p.A
10. So Delicious
11. Tofutti Brand
12. New Barn
13. Califia Farms
14. Malk Organics
15. Ripple Foods

Market Segmentation By Regions:
? North America
? Europe
? Asia Pacific
? Latin America
? Middle East and Africa

Market Segmentation By Types:

1. Almond
2. Soy
3. Coconut
4. Oat
5. Rice
6. Hemp

Market Segment By Applications:

1. Food
2. Beverages

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Furthermore, availability of raw material due to substantial production growth along with low initial investments for startups has resulted in increased competitiveness of the industry. As per SOPA, global soy production has increased to around 361 million metric tons in 2018 from around 320 million metric tons in 2014.

Additionally, as per reports by USDA, global almond production has also grown to 1,285 thousand metric tons in 2018 from the nearly 1,069 thousand metric tons in 2014. Various aspects like improved flavor & taste along with expanding network of distribution is expected to further drive the market share over the forecasted time period.

Meanwhile, the industry also frequently observes new launches of products based on hemp, rice, almonds and oats, which ensures a sustainable flow of supply and demand. Citing an instance, Oatly, in January 2019, announced to expansion of its oat-based ice-cream flavors portfolio by introducing new flavors.

With respect to product, the almond based dairy alternatives will observe the speediest CAGR of about 8.5% between 2019 and 2025. Growing production of almonds as well as the increasing consumer awareness regarding their health benefits will also influence the development of the industry.
Almond milk offers various benefits like low calorie content, reduced levels of cholesterol and higher dairy value for vitamin E and vitamin D, increasing its demand among the health conscious.

With respect to application segment, beverages hold a significant share in the market. The ratio of plant-based beverages compared to other alternatives is higher along with the growing demand for milk. Products like ice-cream, yogurt and cheese are difficult to produce from oats, hemp and rice, and do not match the taste & texture of its dairy equivalents, thereby supporting the penetration rate for plant-based milk. Factors like growth in imports and exports, ready availability, varied taste preferences and flavor innovations will further impact the industry growth.

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As per formulation, unsweetened dairy alternatives segment is anticipated to grow at a substantial rate by 2025. Growing health conscious consumer base supported by increasing knowledge over the use of sweeteners, especially in Europe and North America, will further shift the preference of consumers towards unsweetened products. These dairy alternatives are creamy in texture and have reduce calorie intake.

On the geographical front, APAC region is expected to witness the speediest growth at a rate of more than 10% between 2019 and 2025, further led by countries like India, Japan, Indonesia and China. Changes in lifestyle for healthy living combined with increasing consumer spending are propelling the product demand in APAC as well.

Dairy alternatives market that are soy based accounted for about 65% share in the region due to their high protein content as well as increasing production of soybean in India and China. The soybean production of India increased to 11.0 MMT in 2018 from the previous 8.5 MMT in 2014, thereby offering a positive business position for manufacturers.

All in all, the above-mentioned factors are likely to offer a wide range of growth opportunities for global dairy alternatives market players. The competitive landscape of global dairy alternatives market includes companies like Blue Diamond Growers, Valsoia S.P.A, Freedom Foods, Danone, Sunopta, Pacific Foods and Hain Celestial Group among others.

Partial Report Content :

Chapter 4. Dairy Alternatives Market, By Product

4.1. Global dairy alternatives market share by product, 2018 & 2025
4.2. Almond
4.2.1. Market estimates and forecast, 2013 - 2025
4.2.2. Market estimates and forecast, by region, 2013 - 2025
4.3. Soy
4.3.1. Market estimates and forecast, 2013 - 2025
4.3.2. Market estimates and forecast, by region, 2013 - 2025
4.4. Coconut
4.4.1. Market estimates and forecast, 2013 - 2025
4.4.2. Market estimates and forecast, by region, 2013 - 2025
4.5. Oat
4.5.1. Market estimates and forecast, 2013 - 2025
4.5.2. Market estimates and forecast, by region, 2013 - 2025
4.6. Rice
4.6.1. Market estimates and forecast, 2013 - 2025
4.6.2. Market estimates and forecast, by region, 2013 - 2025
4.7. Hemp
4.7.1. Market estimates and forecast, 2013 - 2025
4.7.2. Market estimates and forecast, by region, 2013 - 2025

View Detailed Report with Respective Tables and Figures: https://www.gminsights.com/toc/detail/dairy-alternatives-market

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