Dairy Alternatives Market Report 2020: Industry Trends, Share, Size, Growth and Forecast Till 2025

According to latest report by IMARC Group titled, “Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, The global dairy alternatives market reached a value of US$ 16.5 Billion in 2019. Dairy alternatives are food items that are used to replace animal- and milk-based products. They are derived from plant-based sources, such as seeds, and contain a wide variety of essential nutrients, including calcium, vitamins, minerals, iron, potassium and magnesium. Looking forward, IMARC Group expects the market to reach a value of US$ 38.2 Billion by 2025, growing at a CAGR of 15 % during 2020-2025.

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A shift toward vegan and plant-based diets represents one of the key factors impelling the market growth. Along with this, various health benefits associated with dairy alternatives, such as weight management, and maintaining a healthy nervous system, red blood cell (RBC) levels and brain functioning, are also encouraging consumers to opt for these products. Furthermore, several technological advancements in the production of alternative dairy products have provided a positive thrust to the market growth. For instance, the adoption of the latest techniques, such as ultra-high temperature (UHT) and enzymatic liquefaction processes, has helped in preserving nutrients and enhancing the shelf-life of dairy substitutes. These advancements have enabled the leading manufacturers to introduce innovative dairy alternative products ranging from drinks, ice cream and yogurt to desserts, biscuits, cheese and condiments, in order to increase their profitability and widen the consumer base.

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Key Market Segmentation:

Breakup by Source:

• Almond
• Soy
• Oats
• Hemp
• Coconut
• Rice
• Others

Breakup by Formulation:

• Plain
• Flavoured

Breakup by Nutrient:

• Protein
• Starch
• Vitamin
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Product Type:

• Cheese
• Creamers
• Yogurt
• Ice Creams
• Milk
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

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The Competitive Landscape

The competitive landscape of the industry has also been examined with some of the top key players being are Blue Diamond Growers (BLDV), Döhler GmbH (DOHL4), Earth’s Own Food Company, Eden Foods (EDEN), Freedom Foods Group (FRDZF), Nutriops S.L., Organic Valley, Panos Brands, Sanitarium Health and Wellbeing Company, SunOpta Inc. (STKL), The Hain Celestial (HAIN), The Whitewave Foods Company (WWAV) , Triballat Noyal, Valsoia SpA (VLS)., etc.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.