Press release
Coronavirus Outbreak: Dairy Alternatives Market Fights Back with Well-defined Business Strategies
The global dairy alternatives market size is set to grow remarkably on account of the evolving dietary lifestyles of the masses. Additionally, people across the world are persistently following flexitarianism and veganism, which, in turn, would impact the market positively. This information is given in a recently published report by Fortune Business Insights(TM), titled, "Dairy Alternatives Market Size, Share & Industry Analysis, By Source (Soy, Almond, Coconut, Rice, Oats, and Others), Product Type (Non-dairy Milk, Butter, Cheeses, Yogurts, Ice Cream, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecasts, 2019 - 2026." As per the report, the Dairy Alternatives Market size is projected to reach USD 25.12 billion by the end of 2026, thereby exhibiting a CAGR of 9.79% during the forecast period. However, it stood at USD 12.07 billion in 2018.
Source of The Information: https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221
List of the best companies profiles in dairy alternatives market include;
o Blue Diamond Growers
o Danone S.A.
o Goya Foods, Inc.
o The Whitewaves Food Company
o Vitasoy International Holdings Ltd.
o SunOpta, Inc.
o Organic Valley
o Daiya Food, Inc.
o Eden Foods, Inc.
o Living Harvest Foods, Inc.
o Other key market players
As compared to the traditional dairy counterparts, plant milk and milk products are anticipated to gain more popularity in the coming years owing to the surging trend of veganism. The rising inclination of people towards vegan, vegetarian, and flexitarian food lifestyles would also increase the demand for dairy substitutes. Apart from that, the ever-increasing concerns regarding environmental impacts, animal welfare, and health may limit the growth of the dairy sector.
As per one of our lead analysts, "Nowadays, consumers are shifting towards value-added products that are appealing to their aesthetic and nutritional needs." These factors, together, are likely to augment the Dairy Alternatives Market growth during the forthcoming years.
Highlights of the Report
Analysis and forecast of the market data by utilizing coherent and statistical models.
Extensive analysis of the dairy substitutes market trends, opportunities, hindrances, growth drivers, and hindrances.
List of the most significant regions that are expected to exhibit the majority of growth in demand.
In-depth information about the key players and their business strategies to increase sales.
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/dairy-alternatives-market-100221
Asia Pacific to Lead Stoked by Rising Prevalence of Obesity & Hypercholesterolemia
In terms of geography, the market is grouped into Asia Pacific, the Middle East and Africa, Europe, South America, and North America. Amongst these, Asia Pacific had acquired a dairy alternative market revenue of USD 6,555.86 million in 2018. The region is set to dominate in the forecast period owing to the increasing prevalence of lactose intolerance and cow milk allergy. Also, rising cases of obesity and hypercholesterolemia, as well as concerns regarding calories, are making the consumers shift towards vegan diets at a fast pace. Hence, they are opting for cow milk alternatives more in this region. In the emerging economies, dairy alternatives are posing as cost-effective substitutes. Lastly, the young populaces are likely to demand for the substitutes more as these products are eco-friendly and sustainable.
Key Players Aim to Broaden Product Portfolio by Launching Novel Products
Major players present in the market are focusing on launching innovative products to enhance product portfolio and upsurge sales worldwide. Industry giants, such as Nestle, Perfect Day, and Starbucks, are either unveiling their products in the market or are planning to launch them soon to hold the maximum dairy alternative market share. Below are a few of the key industry developments:
January 2020: Nestle S.A., Swiss multinational food and drink processing conglomerate corporation, unveiled 'GoodNes,' it's latest chocolate oat milk. It the company's first non-dairy product line. GoodNes contains 40% less sugar, unlike the regular chocolate almond milk. It is made with non-G.M.O. ingredients and is also is gluten-free and dairy-free.
January 2020: Starbucks, an American coffee company and coffeehouse chain, declared its plan to launch two new dairy-free drinks to its Canadian and U.S. menus. It would also sell oat milk regionally. Oat milk will be available in around 1,300 cafes in the Midwest, including locations in Wisconsin, Missouri, Minnesota, Michigan, Iowa, and Illinois.
December 2019: Perfect Day, a food technology company based in California, announced that it has raised approximately USD 140 million in a Series C funding round led by Horizon Ventures and Temasek. As per the officials, this funding will be used to intensify business partnerships, broaden the company's product portfolio, and expand its production capacity.
Major Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Emerging Trends
Key Insights
Overview of the Parent/Related Markets
Plant-based Food Products
Dairy Products Production and Consumption Trend
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Global Dairy Alternatives Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecast
By Source (Value)
Soy
Almond
Coconut
Rice
Oats
Others
By Product Type (Value)
Non-dairy Milk
Butter
Cheeses
Yogurts
Ice Cream
Others
By Distribution Channel (Value)
Supermarkets/ Hypermarkets
Convenience Stores
Online Retail
Others
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued:
Order A Complete Research Report On Dairy Alternatives Market Report
https://www.fortunebusinessinsights.com/checkout-page/100221
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coronavirus Outbreak: Dairy Alternatives Market Fights Back with Well-defined Business Strategies here
News-ID: 2034163 • Views: …
More Releases from Fortune Business Insights(TM)
Workforce Management Market Analysis, Development, Revenue, Future Growth and Fo …
At the beginning of a recently published report on the Workforce Management Market Size 2018-2026, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Workforce Management Market
Various segments of the market have…
RTD Coffee Market: How the Business Will Grow in 2026 ? Prominent Players: Pepsi …
The global RTD coffee market boasts an unparalleled distribution channel in the Asia Pacific, which as per Fortune Business Insights is a key factor supporting its expansion in the region. In its report, titled "Ready to Drink Coffee Market Size, Share and Industry Analysis By Packaging Material (Glass and PET Bottles, Cans), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), and Regional Forecast 2018-2025", Fortune Business Insights has found that…
Why the Probiotics Market is set to explode? Top Companies: o Danone S.A., Lalle …
According to the recent report published by Fortune Business Insights, titled "Probiotics Market Size, Share and Global Trend By Microbial Genus (Lactobacillus, Bifidobacteria, Yeast), By Application (Functional Food and Beverage, Dietary Supplement, Animal Feed), By Distribution Channel (Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail), and Geography Forecast till 2025," the market was valued at USD 42.55 billion in 2017 and is projected to reach USD 74.69 billion by the end…
COVID-19 Impact on Abrasives Market in 2020 - Know the Forecast Demand till 2026 …
Abrasives Market Drivers, Influencer and Restraints
The increasing demand for abrasives in the automotive industry will have a positive impact on the abrasives market growth. Moreover, coated and non-woven abrasives are both used to refinish auto bodies. Therefore, the surge in the sales of automobiles will boost the abrasives market revenue during the forecast period. Furthermore, the growing auto-export in countries such as India will fuel demand abrasives in the…
More Releases for Dairy
Organic Milk Market Forecast to 2027 – Andechser Dairy, Arla Food, Aurora Orga …
The Insight Partners published a new report, titled, “Organic Milk Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The COVID-19 outbreak is currently going the…
Fortified Dairy Products Market-Nestle,,BASF,,General Mills,,Danone, Bright Dair …
Latest Research Report On Fortified Dairy Products Market:
The dairy industry is considered to be a promising industry among wide range of applications in the food & beverage sector. Although dairy products serve as excellent resources of essential nutrients, several processing methods including ultra-heat treatment, spray drying, pasteurization, and heating lead to loss of specific nutrients. Replenishing lost nutrients is therefore imperative, and fortification of dairy products has emerged as an…
Global Dairy Stabilizers Market to Experience Significant Growth during the Fore …
The global dairy stabilizers market is likely to foresee a tremendous rise in its demand due to the rise in consumption of dairy products. Increasing urbanization has made the trend for consumption of fast foods and processed foods which are known to have chemicals and other harmful ingredients. These products have made a harmful impact on one’s health. One of visible result of consumption of these types of foods are…
Dairy and Non-dairy Milk Market: Health Benefits of Non-Dairy Milk to Increase A …
Milk is characterized by two incredibly different markets such as dairy milk market and non-dairy milk market. Dairy market is large in size however have declining growth rate whereas, non-dairy is small but is quickly gaining traction across the globe owing to health benefits associated with it. Products with strong functional and ethical claims witnesses areas of opportunity for both milk markets and overall premiumzation of milk is likely to…
Global Organic Dairy Food and Drinks Market 2018 - DCI Cheese Company, Alto Dair …
"Accord Market, recently published a detailed market research study focused on the “Organic Dairy Food and Drinks Market” across the global, regional and country level. The report provides 360° analysis of “Organic Dairy Food and Drinks Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future…
Global Sour Milk Products Market 2017 - Borden Dairy, Estonian Dairy, Mead Johns …
The report on the Global Sour Milk Products Market 2017, consists a comprehensive overview of the industry that delivers the relevant data from the market research. The report mainly focuses on the most important aspects such as profiles of the company, pictures of product, contact information, sales, specifications and market share.
Beginning of the report gives an overview and explains the Sour Milk Products market in brief. This overview defines…
