Press release
Plant-based Dairy Market Growth Opportunities, Value, Future Prospects and Trends by 2030 | Impacts of COVID-19
The global plant-based dairy market accounted for over ~US$ 19.0billion in 2019. It is anticipated to grow at a CAGR of ~11.0% from 2019 to 2030.According to the Food and Agriculture Organization of the United Nations, the world’s milk production grew by 0.5% during 2017, which is much lower than the average growth rate of 2.1% during the last decade. International dairy prices continued to increase in 2017, driven by declines in milk production in the last quarter of 2016 and the first quarter of 2017 and the strong demand for fat solids. Consumers are now shifting to plant-based dairy substitutes that are derived from a wide range of sources such as legumes, pseudo cereals, oilseeds, and cereals.
Top Players:
Some of the prominent players in the global plant-based dairy market include Valsoia S.p.A. P.IVA, THE WHITEWAVE FOODS COMPANY (Danone), FREEDOM FOODS GROUP LIMITED, Earth’s Own Food Company Inc., SunOpta, Eden Foods, Inc., Panos Brands LLC, Dohler, Blue Diamond Growers, Hain Celestial, Organic Valley, and others.
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Growing Demands:
The market growth of plant-based dairy products can be attributed to factors such as the increasing adoption of plant-based dairy alternatives. For instance, according to the Good Food Institute, in 2017, there tail sale of plant-based creamer grew in the U.S. by62% in the past year. Similarly, there tail sale of plant-based cheese grew by 41% and that of plant-based yogurt grew by 54%.Increasingconsciousnessregarding eco-friendly approaches thus results in plant-based alternatives gaining popularity among the masses.
Such alternatives minimize Green House Gas (GHG) emissions by eliminating biodiversity losses, deforestation, water pollution, and freshwater use. There is also increasing awareness regarding the health concerns triggered by the consumption of dairy products. In the American diet, milk and other dairy products are considered to be the top source of saturated fat leading to heart disease, type 2 diabetes and Alzheimer’s disease. Also, lactose intolerance is quite common in most of the countries.
Regional Analysis:
North America is estimated to account for the largest market share during the forecast period. The growing interest in using dairy alternatives can be attributed to factors including consumers’ demand, allergen reduction, improved food safety, healthy nutritional profiles, ease ofhandling &storage, improved functionality, and environmental sustainability. The presence of prominent players in the region is further enhancing market growth.
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Research objectives:-
- To study and analyze the global Plant-based Dairy Market consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Plant-based Dairy Market by identifying its various sub-segments.
- Focuses on the key global Plant-based Dairy Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Plant-based Dairy Market with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Contents
1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List
2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study
3.ABSTRACT OF THE STUDY
4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities
In the end, Plant-based Dairy Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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