Europe Dairy Alternative Market 2020- Impact of COVID-19, Demand Analysis and Precise Outlook- Daiya Foods Inc., Blue Diamonds Growers, Danone, Hain Celestial, Califia Farms, Oatly Ab
Europe dairy alternative market is forecasted to reach USD 2.22 billion by 2024. It is expected to witness a CAGR of 7.12% during the forecast period (2019-2024).
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The propelling factors for the growth of the European Dairy Alternative market include the ease in regulatory approval for novel cancer therapy in Europe, increase in healthcare spending for cancer, rising prevalence of cancer, and strong R&D initiatives from key players.
The increasing cancer among the population represents the second most important cause of death and morbidity in Europe, accounting for 1.9 million deaths every year. According to WHO, Europe comprises only one-eighth of the total world population, but has around one-quarter of the total global cancer cases. Around 3.7 million new patients are being reported every year in Europe. There are also other factors attributed to the rising incidence of cancer in Europe, i.e. unhealthy lifestyles and inappropriate diet, obesity, and lack of physical activity. Thus, the growing incidence and prevalence of cancer is likely to drive the growth of the Dairy Alternative market in Europe during the forecast period.
Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Daiya Foods Inc., Blue Diamonds Growers, Danone, Hain Celestial, Califia Farms, Oatly Ab, Ripple Foods, Braham & Murray, Campbells, Follow Your Heart
Frozen Desserts witnessed as Fastest Growing Segment
Frozen desserts are projected to become the fastest growing segment in Europe dairy alternatives market. The free from the trend is growing in frozen food with more producers introducing both gluten-free and lactose-free ranges, on the background of increased consumer demand for such products in frozen food retailing. However, the lactose-free frozen food market is still limited to some of the developed markets in the region, such as Germany. Germany is the largest market in the region which is the major consumer of frozen desserts, but owing to the recent outbreaks of obesity in the country the consumers are shifting towards unsweetened dairy-free food ice-creams and desserts.
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Supermarkets/Hypermarkets Have Largest Market Revenue
Supermarkets/ Hypermarkets segment of the European dairy alternatives market held the largest share in 2018. Supermarkets hold a majority of shares of the retail market as they stock a wide range of products and its varieties under one roof making it convenient for consumers to choose products at one go. Similarly, hypermarkets format remain strong in countries such as France as hypermarket retailers offer lucrative discounts to the consumers. Since supermarkets/ hypermarkets purchase dairy alternative products in high volume, they tend to have better bargaining power, thereby resulting in more product discounts to consumers.
Major points covered in this research are:-
Dairy Alternative Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers
Europe Market Size (Value) of Dairy Alternative (2019-2024)
Europe Dairy Alternative Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2019-2015)
Europe Dairy Alternative Production, Revenue (Value), Price Trend by Type
Europe Dairy Alternative Market Analysis by Application
Europe Dairy Alternative Manufacturers Profiles/Analysis
Dairy Alternative Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Europe Dairy Alternative Market Forecast (2019-2024)
Research Findings and Conclusion
Finally, this Dairy Alternative report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Dairy Alternative product development and gives an outline of the potential Europe market
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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