Press release
Growing Demand for Dairy Alternatives Market at 10.1% of CAGR Through 2026 | Top Players: Valsoia S.p.A., SunOpta, Archer Daniels Midland Company, PACIFIC FOODS OF OREGON, LLC., Alpro ETC.| Coronavirus-COVID19 Impact Analysis
The Global Dairy Alternatives Market is expected to reach US$ 18,918.9 Mn in 2018 and is expected to reach US$ 40,901.2 Mn by 2026, growing at a CAGR of 10.1% by 2027.The ripple effect of Coronavirus-COVID19 on the Dairy Alternatives Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Dairy Alternatives Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.
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Dairy alternatives are substitutes for milk, cheese, and butter, among other dairy products. Dairy alternatives are better for health and they have limited environmental impact compared to regular dairy products. Dairy alternatives include plant-based products such as non-dairy milk, yogurt, ice creams, and cheese & creamers, amongst others.
AllTheResearch offers a most recent distributed report on Global Dairy Alternatives industry examination and figure 2019-2025 conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.
Worldwide Dairy Alternatives Market inspect reports consolidate market designs nuances, genuine scene, feature assessment, cost structure, capability, bargains, net advantage, and movement and measuring of business.
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Dairy Alternatives Market Segmentation:
Following Top Key players are profiled in this Market Study:
Valsoia S.p.A., SunOpta, Archer Daniels Midland Company, PACIFIC FOODS OF OREGON, LLC., Alpro, Daiya Foods Inc., GOOD KARMA FOODS, INC., Goya Foods, Inc., Pureharvest, Silk, Unilever, and Nestle, amongst others
This Dairy Alternatives Market report analyzed By Product: Milk, Ice Creams, Yogurt, Cheese & Creamer, Infant Formula, Others,
Based on type, soy dominated the market for dairy alternatives in 2019.
Soy is one of the most popular types of dairy alternatives owing to is low fat content (4.5g in 1 cup of serving), high protein content (8g in 1 cup of serving), high calcium content (300g in 1 cup of serving), and other nutritional value. Soymilk contains isoflavones, a phytonutrient which has cancer fighting properties. Soy-based dairy alternatives have various health benefits as they contain higher content of monounsaturated and polyunsaturated fats compared to saturated fats. Saturated fats are high in cholesterol that can cause heart problems, which can be avoided by people by consuming dairy alternatives. In addition to this, daily consumption of soy protein reduces LDL (low-density lipoproteins) cholesterol. As soymilk is the perfect alternative to conventional milk, its demand is increasing in the Global Dairy Alternatives Market
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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
Asia-Pacific to dominate the Dairy Alternatives Market throughout the forecast period
Asia-Pacific accounted for 36.80% share of the global dairy alternatives market in 2018 and is expected to dominate the market throughout the forecast period. Rapid urbanization and liberalization of foreign direct investment in the food sector are the major driving factors for this regional market. Moreover, increasing awareness about the benefits of non-dairy milk and the tag of the largest producer of non-dairy milk products will increase the dominance of Asia Pacific region in the global dairy alternatives market in the future.
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