Press release
Dairy Alternatives Market 2019-2026 Revenue Analysis || Key Players - Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd., etc.
Dairy Alternatives Market To Reach USD 41.80 Billion By 2026
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Increasing incidences of lactose intolerance among individuals across the globe, the rising number milk allergies, innovative product launches and smart marketing and sales promotional strategies followed by the market players are the some of the main factors that have stimulated the overall market demand for dairy alternatives. The competition in the dairy alternatives market is very high with major players acquiring other small players to increase their market share and profitability.
Players in this market are continuously innovating their products to come up with new taste and flavors to differentiate their products and pull more customers. Nevertheless, the players in the dairy alternatives market may face a significant challenge in the form of innovation being done in conventional milk and dairy products with low cholesterol and fat.
Key participants include The WhiteWave Food Company, Blue Diamond Growers, Archer Daniels Midland Company, The Hain Celestial Group Inc., Eden Foods Inc., Panos Brands LLC, Earth's Own Food Company, Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd., and CP Kelco among others.
Considerable investments in R&D for development of new technologies and methods for the improvement of dairy alternative products like the removal of flavor & inhibitors, fortification of food items, and enhanced shelf life, will drive the market growth. The deployment of latest technological methods, like Ultra High Processing (UHT) and enzymatic liquefaction for the efficient production of various dairy alternative food items will provide strong growth opportunities for the market.
The high price associated with dairy alternative products may create hindrances for the market growth in the forecast period.
For the purpose of this report, Reports and Data have segmented global dairy alternatives market by product type, formulation, application, distribution channel, and region:
Product Type Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Soy Milk
Almond Milk
Coconut Milk
Rice Milk
Oat Milk
Hemp Milk
Others
Formulation Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Flavored Formulation
Plain Formulation
Application Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Food
Beverages
Distribution Channel Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
Super Markets
Health Food Stores
Pharmacies
Convenience Stores
Online Stores
Others
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Regional Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
North America
Europe
Asia Pacific
Latin America
MEA
Further key findings from the report suggest:-
Soy milk occupied the largest share with more than 50% of the global market in 2018 and is forecasted to have a growth rate of 12.2% in the forecast period. Soy milk is a rich source of vitamins, proteins, potassium, and has a lower calorie content than cow's milk, which is projected to boost the market growth.
The plain formulation is expected to have a growth of 12.2% during the forecast period accounting for more than 70% of the market in 2018. Rising demand for the plain/unflavored type of dairy alternatives like soymilk, almond milk, and rice milk among others is estimated to fuel the market growth.
The Asia Pacific market held the largest share in 2018 and is expected to maintain its dominance throughout the forecast period with a growth rate of 12.2%. The market dominance of this region is due to diet diversification, rapid urbanization, and liberalization of FDI in the food sector. Besides, the rise in the level of disposable income, increase in purchasing power of customers, increase in consumer awareness regarding health & fitness, and rise in consumer demand for nutritional & healthy products is estimated to fuel the market growth in this region.
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Some Key Highlights of the Dairy Alternatives Market Report:
Chapter 1: Methodology & Scope of Dairy Alternatives Market
Definition and parameters for market estimation
Research methodology
Data Sources
Chapter 2: Executive Summary of Dairy Alternatives Market
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Dairy Alternatives Industry Insights
Industry segmentation
Vendor landscape
Product mix matrix
Technological landscape
Chapter 4: Dairy Alternatives Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
Continued further in the full report @ https://www.reportsanddata.com/report-detail/dairy-alternatives-market
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